Four-Story Brick 8-Unit
For Sale
Contact for pricing
36-05 Vernon Boulevard, Long Island City, NY 11106
Fully leased 8-unit brick townhouse with all 3-bed/2-bath apartments and a mix of market and RS units.
Property SizeContact for details
Lot Size0.08 Acres
Days on Market64
Property Features for 36-05 Vernon Boulevard
General Information
Standard status
Active
Lot size
0.08 Acres
Property subtype
Multifamily
Occupancy
100%
Net Operating Income
$205,306
Additional Details
Cap Rate
7%
Multifamily Units
8
Building Details
Year Built
1931
Buildings
1
Stories
4
Units
8
Tenancy
Multi
Listing Agency:
Sany Realty Group LLC
(718) 539-1130
Listed By:
Yan Wang
Source:
Crexi
Added: Jun 10
Changed: Aug 8
Last Checked: Aug 11 at 10:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sany Realty Group LLC
Investment Insights
Based on property information with market context.
The property is a large, 4-story brick townhouse configured as an 8-family building. All units are 3 bedrooms and 2 bathrooms, and every apartment is fully leased. The offering includes 6 free market units and 2 RS units. The building presents in excellent condition, designed as a compact, townhouse-style multifamily with consistent apartment layouts throughout. The lot dimensions are 35 ft by 100.08 ft, and the building footprint measures 35 ft by 75 ft.
Located at 36-05 Vernon Boulevard in Long Island City, the asset is positioned within the neighborhood described as “the heart of Long Island City.”
From a buyer or operator standpoint, this is a turnkey rental building with stable occupancy in place. With annual income of $251,534 and NOI of $205,306, the property is currently producing documented income from fully leased apartments. The consistent 3-bedroom, 2-bath unit mix may appeal to operators looking for straightforward leasing and tenant continuity, particularly with the in-place distribution of market and RS units.
Located at 36-05 Vernon Boulevard in Long Island City, the asset is positioned within the neighborhood described as “the heart of Long Island City.”
From a buyer or operator standpoint, this is a turnkey rental building with stable occupancy in place. With annual income of $251,534 and NOI of $205,306, the property is currently producing documented income from fully leased apartments. The consistent 3-bedroom, 2-bath unit mix may appeal to operators looking for straightforward leasing and tenant continuity, particularly with the in-place distribution of market and RS units.
Key Highlights
- 8‑unit brick townhouse built in 1931, fully rented
- All apartments feature 3 bedrooms and 2 baths
- Annual income of $251,534 and NOI of $205,306
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,928
Businesses Nearby
Explore this area
Business Placement
Demographics for 11106, NY
41,722
Population
21,681
Households
1.9
Avg Household Size
37
Median Age
52%
College-Educated
89%
High-School Grad
0.9 sq mi
ZIP Area
46,358
Density / Sq Mi
$85,573
Median Household Income
$62,254
Median Earnings
$2,032
Median Rent
$639,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased 8-unit brick townhouse with all 3-bed/2-bath apartments and a mix of market and RS units.
Where is this apartment building located?
The property is located at 36-05 Vernon Boulevard Long Island City, NY.
What is the asking price?
The asking price for this property is $3,180,000.
What are key features of this property?
This property features: 8‑unit brick townhouse built in 1931, fully rented; All apartments feature 3 bedrooms and 2 baths; Annual income of $251,534 and NOI of $205,306
