5224 35th Street
Long Island City, NY, 11101 $ 750,000
Bedrooms-- Baths-- Sq 1,500 Monthly Estimate*
$ 5,180
for $750,000. This 1,500 square foot building was built in 1931 on a lot size of 0.0266.
52-24 35th St, Long Island City, NY 11101 OWN YOUR SPACE — AND CONTROL YOUR LONG-TERM OCCUPANCY COSTS. A rare opportunity to purchase a vacant, partially renovated commercial building in Long Island City rather than continue leasing. This approximately 1,650 SF (825 SF per floor) detached property offers a flexible, move-in-ready layout with exposed brick, wood flooring, an updated kitchen with stainless steel appliances, and distinctive loft-style character. Its M1-1 zoning and existing Lodge Room (P2) classification provide potential for a wide range of commercial, creative, office, studio, fitness, meeting, food-related, and other business uses, subject to applicable approvals. Located along heavily traveled Van Dam Avenue, the property benefits from exceptional vehicle exposure and visibility—ideal for an owner-operator looking to establish a permanent business location. Highlights include: vacant delivery, approximately 1,650 SF, detached building, renovated interior, flexible-use potential, high-traffic location, low taxes, and—most importantly—the opportunity to own your commercial space, build equity, and gain greater control over long-term occupancy costs instead of paying rent. Ideal for an owner-user, entrepreneur, creative business, or investor seeking a versatile Long Island City commercial property. Buyer should independently verify zoning, permitted use, occupancy, and suitability with an architect or code consultant.
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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
- $5,180
- Monthly Property Taxes
- $558
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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 $2,401,842
Percent of Sale Price 220%
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 |
|---|
| 10/23/2026 | $750,000 | -3.85% | Price Down |
| 9/10/2026 | $780,000 | | Listed Price |