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

  

Powered byLuxury Presence