5224 35th Street
Long Island City, NY, 11101 $ 780,000
Bedrooms-- Baths-- Sq 1,500 Monthly Estimate*
$ 4,925
for $780,000. This 1,500 square foot building was built in 1931 on a lot size of 0.0266.
Tucked into the heart of Long Island City, this fully renovated 1500-square-foot standalone building offers a rare opportunity to own — not lease — your commercial space. Exposed brick walls, wide-plank wood flooring, and a sleek updated kitchen create a warm, loft-like interior that's move-in ready for studio, office, tech workspace, while the M1-1 zoning and existing Lodge Room (P2) classification open the door to flexible as-of-right commercial uses including: Yoga/Meditation/Fitness studio and Private banquet/meeting hall, Creative production space, tech workspace, real estate office, contractor or design studio, restaurant, café, catering kitchen, non-profit meeting space, religious or fraternal clubs. High-Value Features: • Fully detached, single-story building on its own 1,324 sq. ft. lot with two floors • Renovated interior: exposed brick, engineered wood flooring, updated kitchen with stainless appliances • M1-1 zoning supports office, studio, eating/drinking, and recreation/assembly uses • Existing Lodge Room (P2) use — ideal foundation for a private event, meeting, or creative hall concept • Steps from Long Island City’s transit corridors and just over a mile to the nearest police precinct • Low Taxes Whether you're an owner-operator seeking a distinctive home base or an investor eyeing a flexible-use asset with upside, this property rewards a closer look. Schedule your private tour today — before this one-of-a-kind space is gone. Please confirm with an architect or code consultant to confirm occupancy for your specific use.
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FeaturesGeneralSewer Public Sewer
Heating Ducts
Cooling Wall/Window Unit(s)
Utilities Electricity Connected Natural Gas Available
Zoning M1-1
Construction Materials Brick
Year Built 1931
Property Subtype Business
Tax Year 2025
Parcel Number 00303-0027
Business Type Bar/Tavern/Lounge
County Queens
Property Type Commercial Sale
City New York
High School District Contact Agent
Property Attached Y/N Y
Tax Annual Amount 6701.48
Building Area Units Square Feet
Standard Status Active
Middle/Junior School District Contact Agent
Elementary School District Contact Agent
Tax Assessed Value 67050
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InteriorBasement Finished Walk-Out Access
Basement Features Finished Walk-Out Access
Basement (Y/N) Y
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ExteriorWater Source Public
Building Area Total 1500
Waterfront Y/N N
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* Excluded FeaturesList ByDevon BenedictListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $4,925
- Monthly Property Taxes
- $558
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Long Island City, NY
Average List Price $2,443,704
Percent of Sale Price 213%
About Long Island City, NY 29,424 Population
18% Since 2002
$ 51,714 Median Income
33.24 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
4892106 Elementary School
4892561 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/10/2026 | $780,000 | | Listed Price |