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


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About 5-39 51st Avenue

Welcome to Long Island City's 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 LIC's 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 NYC's newest Hunter's 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.

Features of 5-39 51st Avenue

MLS® # H6203400
Price $2,900,000
Bathrooms 0.00
Square Footage 1,950
Acres 0.00
Type Residential
Sub-Type Townhouse
Style Townhouse
Status Active

Community Information

Address 5-39 51st Avenue
City Long Island City
County Queens
State NY
Zip Code 11101

Additional Information

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Parking Other
Garages Other
Is Waterfront No
Has Pool No


Heating Other, See Remarks
Cooling None
Fireplace No

School Information

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

Additional Information

Short Sale No
RE / Bank Owned No
Taxes (total) $6,408

Listing Details

OfficeR New York

Listing Map

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