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Hunters Point Multi-Family Home Asks Bonkers $8 Million


No, this is not a joke: a three-story multi-family Hunters Point home at 51st Avenue and Vernon Boulevard just hit the market for $8 million. LIC Talk spotted the staggering listing for the home which is currently configured into an owner's duplex and two floor-through apartments. The ask works out to $1,600-per-square-foot. That's almost $450 more per square foot than is par in the rising neighborhood, according to StreetEasy data. While the building does have some nice historic details, it seems more likely at that price that a developer will pick up the lot rather than someone looking to get into the landlord biz. Sure, the building's beautiful, but is it $8 million beautiful?

· Listing: 5-46 51st Avenue [Town]
· $8 Million Townhouse Up For Sale in Hunters Point [LIC Talk via Q'Stoner]