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37-11 9th Street, Long Island City, NY 11101
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$2,150,000
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Home Details for 37-11 9th Street
Price
$2,150,000
Type
Commercial/Industrial
Year Build
1941
County
Queens
Tax
$19,750
MLS®️ Listing#
L3593358
On exitrealty.com
295 days
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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Listing Courtesy: All Island Estates Realty Corp - 516-783-5600. Presented by: Richard Matt Shane
The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2025 OneKey MLS. All Rights Reserved
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