37-11 9th Street

Long Island City, NY 11101

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!!!) Reply, Reply All or Forward

Listing courtesy of All Island Estates Realty Corp [email protected]


Based on information submitted to the MLS GRID as of 2025-04-12 10:28 AM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.