$1,688,000
34-09 37th AVE Long Island City, NY 11101
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$1,688,000
Est. payment /mo
2,613 Sqft Lot
Active
34-09 37th AVE Long Island City, NY 11101
UPDATED:
04/23/2024 04:22 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3535753
Originating Board onekey
Rental Info No
Year Built 1901
Annual Tax Amount $7,328
Lot Size 2,613 Sqft
Acres 0.06
Lot Dimensions 25x98.08
Property Description
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.
Location
State NY
County Queens
Zoning M1-1
Interior
Fireplace N
Building
Story 1
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp • 516-783-5600
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