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.

©2024 OneKey MLS. All rights reserved.    

Data last updated 2:38 PM UTC, 11/7/2024

  

Powered byLuxury Presence