Active
34-09 37th Avenue
Long Island City NY, 11101
$1,688,000
Active
Commercial
Built in 1901
LOCATION, LOCATION LOCATION!!! Calling All Investors, Developers & End-Users!!! LOCATION, LOCATION, LOCATION!!! 2,400+ Sqft. Development Site With M1-1 Zoning For Sale!!! The Property Features Great Exposure, Excellent Signage, Strong M1-1 Zoning, 6 Parking Spaces, High 10' Ceilings, Fenced Yard, All New LED Lighting, 200 Amp Power, A/C,+++!!! The Property Is Located In The Heart Of Long Island City 1 Block Off Northern Blvd.!!! The Property Is Situated Minutes From The Queensboro Bridge Near The Museum Of The Moving Image!!! Neighbors Include Starbucks, Mercedes-Benz, Honda, Yamaha, Hilton Hotels, Marriott Hotels, The Home Depot, P.C. Richard & Son, CubeSmart Self Storage, Best Buy, Walgreens, Dunkin', 7-Eleven, T-Mobile, Planet Fitness, Regal Cinemas, Marshall's, Applebee's Bar & Grill, Blink Fitness, YMCA, !!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: 3 Br. House: $42,000 Ann.; Lease Exp. 3/1/25. LL: $21,000 Ann. (Available) Pro Forma Gross Income: $63,000 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Water & Sewer: $1,800 Ann. Insurance: $784 Ann. Taxes: $7,328 Ann. Total Expenses: $10,162 Ann. Pro Forma Net Operating Income (NOI): $50,788 Ann.
3535753
MLSⓇ ID
March 4, 2024
Listed
November 7, 2024
Updated
Map
34-09 37th Avenue
Long Island City NY, 11101
Interior Features
Total Stories
1
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.06 Acres
Other Property Details
Taxes
$7,328
Tax Frequency
Annually
Garage
No
View
No
County
Queens
Municipality
Queens
Pool
No
Listed by Richard Matt Shane with All Island Estates Realty Corp
Listing Contact: 516-783-5600
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Ann Ferguson shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 2:38 PM UTC, 11/7/2024