Long Island City, NY 11101,37-11 9th ST
Long Island City, NY 11101,37-11 9th ST
Long Island City, NY 11101,37-11 9th ST
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UPDATED:

02/24/2025 03:10 PM

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID KEYL3593358

HOA Y/N No

Originating Board onekey2

Rental Info No

Year Built 1941

Annual Tax Amount $19,750

Lot Dimensions 25x100.92

Property Sub-Type Retail

Property Description

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, All New LED Lighting, A/C, +++!!! 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, 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. (7.23% Cap!!!)





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Location

State NY

County Queens

Interior

Heating Oil

Fireplace No

Exterior

Total Parking Spaces 6

Private Pool No

Building

Story 4

Others

Special Listing Condition None


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Listed by All Island Estates Realty Corp
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The mission of the ASA Real Estate Group is to provide a lifelong, positive impact on our clients, our communities, our team, as well as the other realtors with which we work. We specialize in assisting Buyers and Sellers transact. With our extensive knowledge of the market we help our clients get the best possible price for their home through proactive marketing approach. We guide sellers and buyers through every step of the process and keep them updated their transaction.

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37-11 9th ST