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37-11 9th St
Long Island City, NY 11101

$2,350,000 USD

Apartments For Sale  •  7,000 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,000 SF
  • Lot Size 0.06 AC
  • Building Class C
  • Year Built 1941
  • Cap Rate 6.61 %
  • Zoning M1-3
100 Transit Score
84 Walk Score

Highlights

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, +++!!!
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, +++!!!
This Property Offers HUGE Upside Potential!!!
This Could Be Your Next Development Site/The Next Home For Your Business!!!

Financial Summary (Actual)

Net Operating Income: $155,412 USD (2023)
Cap Rate: 6.61 %
Total Expenses: $38,185 USD

Amenities

  • 24 Hour Access
  • Security System
  • Storage Space
  • Public Transportation

Public Transportation

Commuter RailDriveWalkDistance
Hunterspoint Avenue Station (Hempstead Branch - Long Island Rail Road, Oyster Bay Branch - Long Island Rail Road) 8 min - 1.6 mi
Grand Central Terminal (Harlem Line - Metro-North Commuter Railroad Company (Metro-North), Hudson Line - Metro-North Commuter Railroad Company (Metro-North), New Haven Line - Metro-North Commuter Railroad Company (Metro-North)) 13 min - 3.7 mi
Transit/SubwayDriveWalkDistance
21 Street-Queensbridge (F - New York MTA Subway (The Subway)) 3 min 12 min 0.6 mi
36 Avenue (N - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway)) 5 min 17 min 0.8 mi
39 Avenue (N - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway)) 5 min 17 min 0.9 mi
Queensboro Plaza (7 - New York MTA Subway (The Subway), N - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway)) 11 min 20 min 1.0 mi
Roosevelt Island (F - New York MTA Subway (The Subway)) 8 min 20 min 1.0 mi
AirportDriveWalkDistance
La Guardia 14 min - 4.9 mi
John F. Kennedy International 28 min - 16.0 mi
Newark Liberty International 34 min - 18.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Surface
Included in Rent: Yes
Matthew Shane 516-279-8828 All Island Commercial
Matthew Shane 516-279-8828 All Island Commercial