37-11 9th Street
Long Island City, NY, 11101 $ 2,150,000
Bedrooms-- Baths-- Sq 7,000 Monthly Estimate*
$ 13,238
for $2,150,000. This 7,000 square foot building was built in 1941 on a lot size of 0.05792.
Calling All Investors, Developers, & End-Users!!! 8 Unit Apartment Building In Long Island City For Sale!!! The Property Features Excellent Signage, Great Exposure, M3-1 Zoning, High 8’ Ceilings, (8) 2 Br. Apartments, Separate Meters, 200 Amp Power, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Ravenswood Only A Few Blocks From The Ed Koch Queensboro Bridge Offering Direct Easy Access To Manhattan!!! Neighbors Include Hilton Hotels, Marriott Hotels, Wyndham Hotels, Dodge-Jeep-Ram, Honda. T-Mobile, The Home Depot, CubeSmart Self Storage, Best Buy, Dunkin’, Planet Fitness, Marshalls, Michaels, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site/The Next Home For Your Business!!! Income: Unit 1 (2 Br., 1 Bath): $24,030 Ann. Unit 2 (2 Br., 1 Bath): $23,620 Ann. Unit 3 (2 Br., 1 Bath): $23,400 Ann. Unit 4 (2 Br., 1 Bath): $17,383 Ann. Unit 5 (2 Br. 1 Bath): $26,680 Ann. Unit 6 (2 Br., 1 Bath): $26,823 Ann. Unit 7 (2 Br., 1 Bath): $24,800 Ann. Unit 8 (2 Br, 1 Bath): $26,861 Ann. Current Gross Income: $193,597 Ann. Expenses: Oil: $8,098.47 Ann. Electric: $720 Ann. (Common Area Only) Maintenance & Repairs: $250 Ann. Insurance: $4,044.41 Ann. Taxes: $19,750 Ann. Water: $5,322 Ann. Total Expenses: $38,184.88 Ann. Net Operating Income (NOI): $155,412.12 Ann. (7.23% Cap!!!) Reply, Reply All or Forward
See more
FeaturesGeneralHeating Oil
Zoning M2-3 Apt
Year Built 1941
Property Subtype Retail
Parcel Number 00359-0016
Gross Income 193597
County Queens
Operating Expense 38185
Property Type Commercial Sale
HOA N
Directions 37th Avenue
City New York
Number Of Units Total 8
Property Attached Y/N Y
Tax Annual Amount 19750
Showing Instructions Call for Appt 516-783-5603
Additional Parcels Y/N N
Standard Status Pending
Tax Lot 16
See more
ExteriorTotal Parking 6
Parking Spaces 6
Spa N
Building Area Total 7000
See more
InteriorTotal Stories 4
Basement (Y/N) N
Half Baths 0
See more
* Excluded FeaturesList ByRichard Matt ShaneListing Agent
All Island Estates Realty CorpBroker
Affordability Calculator
- Monthly Principal & Interest
- $13,238
- Monthly Property Taxes
- $1,646
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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 $1,714,109
Percent of Sale Price 20%
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.
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 2/24/2025 | $2,150,000 | -4.44% | Price Down |
| 1/7/2025 | $2,250,000 | -4.26% | Price Down |
| 12/2/2024 | $2,350,000 | | Listed Price |