Active
37-11 9th Street
Long Island City NY, 11101
$2,350,000
$335.71 per sqft
Active
7,000 sqft
Commercial
Built in 1941
Calling All Investors, Developers, & End-Users!!! 8 Unit Apartment Building In Astoria 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 Astoria 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.
L3593358
MLSⓇ ID
November 27, 2024
Listed
December 20, 2024
Updated
Map
37-11 9th Street
Long Island City NY, 11101
Interior Features
Total Stories
4
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Oil
Exterior/Building Features
Lot Size
0.06 Acres
Other Property Details
Taxes
$19,750
Tax Frequency
Annually
Days on Market
22
Garage
No
Parking Total
6
View
No
County
Queens
Pool
No
Zoning
M2-3 Apt
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 The Connelly Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 OneKey MLS. All rights reserved.
Data last updated 12:19 AM UTC, 12/20/2024