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46-40 Vernon Boulevard #4A
About This Property
Vernon 46 is anchored at the heart of it all, where modern life is connected to LIC's rich heritage. The Hunters Point Historic District is a national historic district of late 19th century red-brick brownstones, this micro-hood is invitingly residential, while close to plentiful shopping and dining choices. The enticing waterfront is also close by, where you'll find the riverside retreat Gantry Plaza State Park. The 11-acre Hunters Point South Park is another coveted outdoor space with a central green field, a dog run, a bikeway, a waterside promenade (with spectacular Manhattan skyline views), basketball courts, and more.
The lively cultural scene includes MoMA PS1, the groundbreaking offshoot of Manhattan's famed MoMA, and Culture Lab, an arts hub with galleries, a theater and outdoor events space. From casual cafes to acclaimed Michelin-starred establishments, there's something for every palate. Among the go-to spots: the renowned Casa Enrique, continues to wow diners with inspired southern Mexican cuisine; Sweet Chick, owned and operated by Queens rapper Nas and his restaurateur friend John Seymour, is known for its modern take on American comfort food, especially chicken and waffles, along with creative cocktails; Blend, an eatery acclaimed for tasty Latin fusion cuisine; Plus Mogmog, a gourmet Japanese market, offering an array of prepared items, including sushi that rivals some of NYC's best sushiyas, and the upscale grocer Foodcellar Market.
Transportation is easily accessible. Convenient options include the Q103 express bus, which stops right outside the building, to reach LIC and Astoria, along with close proximity to the 7, G, E, M, and W subway lines to Manhattan and elsewhere. Another option is the Long Island City Ferry Terminal at Center Boulevard and 46th Avenue.
The best of what Long Island City has to offer is at your fingertips. Call or email us to set up a private tour.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
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Jan 8, 2025 | Relisted | $840,000 | |
Relisted | |||
Aug 6, 2024 | In contract | - | |
In contract | |||
May 17, 2024 | Listed by Modern Spaces | $850,000 | |
Listed by Modern Spaces |
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Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
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Building Info
- 7 Units
- 3 Units for Sale