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5-39 51st Avenue, Long Island City, NY 11101

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5-39 51st Avenue, Long Island City, NY 11101
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Comments for 5-39 51st Avenue, Long Island City, NY 11101

Welcome to Long Island Citys 5-39 51st Avenue! A USER-OWNER‘s dream property!This beautiful all-brick Multifamily Townhome was completely gut renovated in 2008. FIFTY FIRST AVENUE is one of LIC‘s most desirable blocks to live. There are three (3) apartments; the first floor duplex apartment has a unique sweeping layout, 1,429 ft2 of interior living space with three bedrooms and two bathrooms, separate living and dining rooms and 1,211 ft2 private lounge area.The second and third floor apartments are approximately 722 ft2 each; identical two-bedrooms, one-bathroom, living room and kitchen layout. All apartments have split-unit HVACs, separate washer/ dryer and dishwasher appliances in- unit and are wired for Verizon Fios.Investors: Three free-market apartments with effective $116,200 NOI and room for growth.There is significant upside; develop the entire 4,000 ft2. See just a few options below: Live in the spacious duplex residence while capturing market rate rental income from both two-bedroom apartments.-District Special Zoning: M1-4/R6B Develop the 2,050 ft2 of UNUSED property air rights (buildable square footage) increasing building and apartment sizes nearly double the current floor plate. -Reposition the first floor duplex to a Doctor or Attorney office, and or duplex the third floor apartment, etc.-Please consult your Architect to understand and design what is within reach!FIFTY FIRST AVENUE is one of LICs most desirable blocks to live, our neighbors include MOGMOG Japanese Market, HUPO Chinese Cuisine, Cafe 51, PlayDay and Urban Market grocer. It is only a few minutes walk to the waterfront; LIC Landing, Gantry Plaza State Park, and the NYC Ferry system at Hunters Point South and Anable Basin, walkways, playgrounds, and fishing piers, along with NYCs newest Hunters Point Library.5-39 51st Avenue, Queens, NY, 11101BLOCK: 33 LOT: 9District M1-4/R6B Multifamily Co/O Three Apartments:1-Duplex Apartment Two bathrooms and three bedrooms with complete backyard 1200 ft2 patio space.2-Two-Bedroom/1-Bathroom2.00 for residential FAR Lot Size: 20 x 100 Built FAR: 0.98Building: Frontage: 20 ft Depth: 35 ft Air-Rights:4,000 ft2 maximum floor areaArea of Existing Building: 1,950 ft2**2,050 ft2 UNUSED Development AreaContact the exclusive broker for additional information.

$2,895,000.00

Estimated Monthly Payment: $13,529.62 (including taxes & insurance estimates)

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Property Details

City: Long Island CityProperty Type: Residential - Townhouse
School District: City of New YorkTaxes: $6,408
Status: ActiveSquare Feet: 1950
MLS#: H6203400 

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Property Features

Property Type: Residential - TownhouseOn Market Date: 2022-07-29
Basement: See RemarksParking Features: Other
Cooling: NoneSewer: Other
Days on Market: 60Taxes: $6,408
Heating: Other, See RemarksWater: See Remarks
Home Style: Townhouse 

School Information

Middle School: Call Listing Agent
Elementary School: Call Listing Agent
School District: City of New York

Listing By

Agency Name: R New York
Agency Contact: 212-688-1000

Shown By

Agency Title: Four Seasons Real Estate Center
Agency Phone: 914.667.6767

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