Updated 2 years ago
Off Market
37-27 11th Street
Long Island City, Queens | 37th Ave & 38th Ave
12 Rooms4 Beds4 Baths2,150 Square FeetMulti-Family
$1,350,000 $1,695,000
floors / apts4 / 4
Lot Size25'x85'9"
Built Size25'x43'
ZoneM1-3
Building TypeTownhouse
RE Taxes$6,000
Price Per SF
$628
Building Amenities
- Voice Intercom
Property Description for 37-27 11th Street
Introducing an Exceptional Multi-Family Investment Opportunity in Long Island City
Nestled in the vibrant neighborhood of Long Island City, this impressive 4-family property at 37-27 11th St presents an unparalleled opportunity for savvy investors and homebuyers alike. With its prime location and versatile layout, this property is a true gem that promises a rewarding investment or a comfortable multi-generational living experience.
Key Features:
4 well-appointed units: 4 spacious one-bedroom, one-bathroom apartments
Currently 1 vacant unit available for immediate occupancy
Flexible options: Deliver vacant or with existing tenants in place
Zoned for M1-3, offering potential for residential or commercial use
Situated in an Opportunity Zone, providing tax incentives for investors
Lot Size - 25 * 85.92
Building Size - 250 * 43
This building's prime location in the sought-after Long Island City area is a major asset, offering residents easy access to a wealth of amenities, transportation options, and the pulsating energy of one of New York City's most dynamic neighborhoods.
Whether you envision maximizing rental income as a residential asset or exploring development opportunities to unlock the property's full potential, this multi-family building presents a rare and exciting canvas for your vision.
Don't let this exceptional opportunity pass you by. Contact us today to schedule a private viewing and discover how this remarkable property can elevate your investment portfolio.
Listing History for 37-27 11th Street
Now
06/19/2024
$1,350,000 [-$345,000] [20.4%]
Price Drop by Ryan Goldstein
Compass
06/12/2024
$1,695,000
Initial Price by Ryan Goldstein
Compass
Building Details for 37-27 11th Street
OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts4/4
Transit and Citi Bike
Subway
21 St-Queensbridge
0.34 miles
Citi Bike
21 St & 38 Ave
0.13 miles
36 Ave & 10 St
0.18 miles
Long Island City | Queens
Quick Profile
Long Island City, the name does sound a little far away, like it requires a lengthy drive to get to. Think, again. Long Island City, also known as LIC, is nestled in the western corner of Queens along the East River. Midtown Manhattan is closer to Long Island City than it is to downtown Manhattan.
LIC is bordered by Sunnyside to the east, the East River to the west, Astoria to the north, and Newton Creek which separates Queens from Greenpoint Brooklyn to the south.
A once-shabby manufacturing epicenter, the neighborhood is a mix of industrial, commercial and residential. In recent years it’s seen a rise in some seriously cool factors. Populated by young professionals, multi-ethnic immigrants, and hipsters, LIC has a happening nightlife scene, fantastic restaurants (some of them Michelin starred), art museums and galleries. Much of the waterfront access has been redeveloped into sustainable public green spaces with modern design.
Although much of the industrial / manufacturing companies have since left LIC, many still reside there. They tend to co-exist with new residential building development the same way they do in other neighborhoods like Williamsburg and Greenpoint.
Office building developers and business tenants play a vital role in LIC too. It’s considered New York City’s fourth central business district next to Midtown, downtown Manhattan and downtown Brooklyn.
As you traverse the streets of LIC, you’ll notice the change from block to block. Industrial warehouses on one block, a bustling Main Street, followed by a park block with sleek luxury high-rise buildings. It’s all part of the LIC vibe.
For a small neighborhood, the transportation links are excellent. For starters, you just can’t beat living one subway stop from Manhattan (7 train). Other train lines include E, M, R, N, Q, and the G lines. There are also less conventional methods of transportation like the NYC Ferry, which offers three ferry landings. There is no shortage of CitiBike’s in LIC either. Many folks commute to work by way of cycling over the Queensboro Bridge.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 56719TH
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