ẸYỌ PET KÓ WA

ÀWỌN PATAKI TẸ́LẸ̀

Àwọn àǹfààní iná-ì posto yìí wà nínú ọkan lára àwọn ilé-iṣẹ́ to gaju ti Long Island City, tó si jẹ́ ibi to ni aisi iná, lẹ́gbẹ̀ẹ́ Vernon Boulevard àti eti omi East River. Ibi yìí ni àwọn àǹfààní láti fi hàn pé, ó ní ipò to gaju ti ibi ibugbe, ilé-itaja tó nira, àti àìmọ ikede tẹlẹ si ọkọ ayọkẹlẹ, ilẹ àgbáṣe, àti àwọn iṣẹ́ àgbègbè.

Ilé-èdè náà gbooro nipa 5,190 ṣokoto ẹrọ ni ilẹ-èkó 2,500 ṣokoto, tí a sì ti ṣeto rẹ̀ gẹ́gẹ́ bí ilé 25 ẹsẹ̀ gbooro tó ní:

Ilé-itaja ní ilẹ̀ oko
Ile iṣẹ́ akọrin nìkan
Mẹ́rin ilé ibugbe ọfẹ to wa loke

Ohun-ini yìí n fúnni ní profa ilu to Duro gẹ́gẹ́ bí iná iná to wa tẹlẹ, àti awọn ohun-ini iná iyara gẹ́gẹ́ bí ọká àdúgbò, tó n tẹsiwaju láti fi hàn pé ó ní gbogbo ọja iṣowo pẹ́lú ibeere owó.

ÀWỌN ÀMẸ́RẸ̀ ILÉ

Ibi Ilé: 2,500 ṢF
Iwọn Ilé: 25 ft x 42 ft
Ilé Tí Ọ́dọ: 5,190 ṢF
Kilasi Ilé: S3 – Pataki mẹ́rin -Ẹbí Pẹlu Ilé-itaja kan & Ọffisi
Ilé Ibi: M1-4 / R6B

Ikun ilé náà n gba iná ilé ti o wa ni aabo ni ipilẹ rẹ pẹ̀lú ìlú ọba ti ilẹkun ibugbe. Iwọn ilé àti àtúnsẹ yìí dá àlàáfíà fun ilé ibugbe ti o wọpọ ni ibamu pẹ̀lú ọpọlọpọ ilé-ìkànsí ti o ni gbooro diẹ sii látinú ilé-èkó.

ÀKỌ́SỌ́ ÌNÁ & ÀLÀÀFÍÌ ÀSỌ́HÀN CAP RATE

Ilé náà n jẹ́:
Iná to wa ni pẹpẹ: $326,724
Iye owó: $39,167
Iná Ẹbi ti o wa: $287,557

Nígbà tí iṣe bẹrẹ fun awọn ilé ibugbe sí ìrqá:

Iná Pọ̀: $342,320
Iná Ẹbi ti o wa: $303,160
Eyi n ṣe atileyin cap rate profa ti o fẹrẹẹ̀ to 5.5%.

ÀHÙNRẸ́ ILÉ IBUGBE
Mẹ́rin ilé ibugbe diẹkua ni ihamon ara-òfìsè, tí o si wà ní abé ti wọ́pọ́. Eyi jẹ́ àǹfààní lẹ́sẹkẹsẹ lati fi ilé sílẹ̀ ni iye owó ibugbe to wọ́pọ́ láì si awọn idiwọn iṣakoso.

Àwọn atunyẹwo ìyáyá ni Vernon Boulevard / ẹtí omi fi hàn pé:
$70–$85 fun ṣokoto ìgbà ọdún
Ilé ibugbe kan: fẹrẹ́ $3,400–$4,200 fun oṣù
Ilé ibugbe méjì: fẹrẹ́ $4,800–$6,000+ fun oṣù

Ibaramu ní ìkànsí àwọn ilé kékèké ti ko ni iṣẹ́ ni kikun n tẹsiwaju láti jẹ́tọ́ oṣuwọn nitori ibeere àkúnya to lagbara fun ìbáṣepọ pẹ̀lú eti omi, wọ́lú Manhattan, àti awọn ilé itaja agbègbè.

Iwa ọfẹ ti awọn ilé ibugbe n pọnti igbalode ati dinku ikoso ọdọ-ọwọ ni ibamu pẹ̀lú awọn ohun-ini ti a gbooro tabi ti a ni iṣakoso apakan.

ÌFORÚKÒSÍ IṢẸ́ Ọ́FÍSÈ

Eyi n pese ṣiṣeto owó ti a le fi akiyesi rọ rọ́ lẹ́sẹkẹsẹ tó fẹrẹ̀ wa ranṣẹ́ bi a ti wa lọ́pọ́lọpọ́ àkàndáá.

Àwọn ilé-iṣẹ ni Vernon Boulevard ti hàn pe wọn ni agbara lati lepa ọjọ́ iwaju pẹlu awọn iwoye ti ilé-òdẹgbọ, ilé iwé to n ga, àti oríṣiriṣi ilẹkẹ́rẹ́. Aisi àtúnṣe sanlalu jẹ ki oniwun ni anfani lati tun wo adalu awọn olugbe ati arun-rẹ ni ìparí igbá.

ILÉ IBI & ÀMÚLÓ STRATEGIC
Ilé náà wà nínu àgbègbè ibé M1-4 / R6B. Ilé ìbè puru yìí n ṣe atilẹyin fun ilé-iṣẹ ajẹsara ti n tẹsiwaju ti o si n fi amuló ilọsiwaju ni iwulo.So, .

Àwọn olùṣun owó le rò àtúnyẹ̀sẹ̀ mẹta:

- Duro àti fìdí adalu mulẹ fún ṣiṣẹ́ owó to pé
- Ṣàfikún awọn akojọpọ ibugbe
- Tun ipo ilé-ọfíse wá níìparí igbá
- Ṣàgbéyẹ̀wọ́ ilẹkun àtúnṣe pẹ̀lú kiikan
-
Eyi n fídí ri ifagile mimu ti o ju, kù kākàà bọ́ si ọna ti owó ìlo yìí.

ÀMÚLÓ NÍPATA
Long Island City tẹsiwaju lati ni àǹfààní láti:

- Ibi to sunmọ Midtown Manhattan (idán m'ọ́kò ikọ́)
- Ibeere owó ni LIC ti tẹsiwaju lati jẹ́ alegbọ gbogbò ni ibamu pẹ́lú iwulo ẹlẹ́kẹ́kẹ́, iwuwo ìyangbe, àti ipò iṣẹ́-etikẹ́. Ibi Vernon Boulevard ni pataki n jẹ́ ọkan lára awọn ibi ibugbe toṣẹkẹ́kẹ́ ti o fẹ́sẹ̀ mánà.

PETS ALLOWED

CONFIDENTIAL EXECUTIVE OVERVIEW

This Mixed-use investment opportunity is situated in one of Long Island City’s most established and supply-constrained corridors, just moments from Vernon Boulevard and the East River waterfront. The location benefits from strong residential density, consistent retail foot traffic, and immediate proximity to transportation, open space, and neighborhood amenities.

The property spans approximately 5,190 square feet on a 2,500-square-foot lot and is configured as a 25-foot-wide building consisting of:

Ground-floor retail
Rear artist studio
Four free-market residential apartments above

The asset offers a balanced profile of durable in-place income and near-term residential lease-up potential within a submarket that continues to demonstrate long-term rental depth and capital demand.



PROPERTY OVERVIEW
Lot Size: 2,500 SF
Building Dimensions: 25 ft x 42 ft
Current Building Area: 5,190 SF
Building Class: S3 – Primarily Four-Family with One Store & Office
Zoning: M1-4 / R6B

The property’s configuration allows for stable retail income at the base while preserving residential upside. The building width and layout provide efficient residential floor plates relative to many narrower mixed-use assets within the submarket.

INCOME PROFILE & CAP RATE ANALYSIS

The property currently generates:
In-Place Gross Revenue: $326,724
Expenses: $39,167
In-Place Net Operating Income: $287,557


Upon stabilization of the residential units to market levels:
Pro Forma Gross Revenue: $342,320
Pro Forma Net Operating Income: $303,160
This supports a pro forma capitalization rate of approximately 5.5%.


RESIDENTIAL COMPONENT
The four residential units are fully free-market and currently vacant. This presents an immediate opportunity to lease at prevailing market rents without regulatory restrictions.

Recent leasing benchmarks in the Vernon Boulevard / waterfront corridor indicate:
$70–$85 per square foot annually
One-bedroom units: approximately $3,400–$4,200 per month
Two-bedroom units: approximately $4,800–$6,000+ per month

Absorption within boutique buildings lacking full-service amenities remains steady due to strong tenant demand for proximity to the waterfront, Midtown Manhattan access, and neighborhood retail offerings.

The free-market nature of the residential units enhances flexibility and reduces regulatory exposure relative to rent-stabilized or partially regulated assets.

COMMERCIAL TENANCY

This provides predictable cash flow through the remaining lease term while preserving future flexibility for repositioning.

Retail corridors along Vernon Boulevard have demonstrated resilience due to consistent pedestrian traffic, growing residential density, and limited available frontage. The absence of a renewal clause allows ownership to reassess tenant mix and rental economics at lease expiration.

ZONING & STRATEGIC OPTIONALITY
The property is located within an M1-4 / R6B zoning district. This dual zoning structure supports continued mixed-use occupancy and offers strategic long-term flexibility, subject to customary approvals.

Investors may consider multiple strategies:

- Hold and stabilize for durable cash flow
- Incrementally enhance residential revenue
- Reposition the commercial component upon lease expiration
- Evaluate longer-term redevelopment potential

This flexibility adds structural value beyond the current income stream.

SUBMARKET FUNDAMENTALS

Long Island City continues to benefit from:

- Proximity to Midtown Manhattan (one subway stop)
- Capital demand in LIC has remained resilient due to its combination of accessibility, rental depth, and waterfront positioning. The Vernon Boulevard corridor in particular remains one of the submarket’s most sought-after residential pockets.