Prime Investment Opportunity in Long Island City, NY - 3-Family Property with Endless Potential! Located in the heart of Long Island City, this rare three-family property features two separate homes on one lotoffering a single-family home and a two-family home, both with basements for additional space. Currently tenant-occupied, interior access is limited, and the buyer may need to purchase with tenants in place. While the property requires work, it presents a tremendous upside for investors or end-users looking to renovate and maximize value. Situated in one of NYC’s fastest-growing neighborhoods, this property offers incredible potential for rental income, redevelopment, or long-term appreciation. Conveniently located near transportation, shops, restaurants, and major highways, this is an opportunity you don’t want to miss! Contact for details and viewing arrangements.
| MLS # | 978854 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1920 |
| Days On Site | 176 |
| Listing Provided By | Compass Greater NY LLC | Jagmeet S. Bedi |
| SQ Feet | 2,938 |
|---|---|
| Basement | Y |
| Units | 3 |
| Acreage | 0.06 |
| Cooling | None |
|---|---|
| Heating | Natural Gas |
| Interior Features | First Floor Bedroom, First Floor Full Bath |
| Construction Materials | Frame |
|---|
| Garage Yes / No | No |
|---|---|
| Parking Features | Open |
| Utilities | Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected |
|---|---|
| Sewer | Public Sewer |
| Tax Year | 2024 |
|---|---|
| Tax Assessed Value | 74700 |
| Tax Annual Amount | 7947.84 |
| State | NY |
|---|---|
| County | Queens |
| City | Long Island City |
| Zip Code | 11106 |
| Listing VS Median (in 11106) | |
Price: $1,100,000 low | high Med: $949,999 sqft: 2,938 low | high Med: 920 $ / sqft: $374 low | high Med: $1,033 On site: 176 low | high Med: 49 | |
| State | NY |
|---|---|
| County | Queens |
| City | Long Island City |
| Zip Code | 11106 |
| Listing VS Median (in 11106) | |
Price: $1,100,000 low | high Med: $949,999 sqft: 2,938 low | high Med: 920 $ / sqft: $374 low | high Med: $1,033 On site: 176 low | high Med: 49 | |
![]() | $1,300,0003328 14th StreetAstoria, NY 11106 |
![]() | $1,160,0001305 34th AvenueAstoria, NY 11106 |