LIC Multi-Family + Development Site
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LIC Multi-Family + Development Site
2 Properties Offered at £2,106,728 in Long Island City, NY
EXECUTIVE SUMMARY
Prime investment opportunity in Blissville, Long Island City.
6-family income producer ($130K income, $100K NOI and adjacent lot located in Long
Island City, border of Greenpoint. This property offers
immediate rental income from the apartments and parking lot.
As well as 21,000 SF +/- of M1-3 commercial zoning air rights.
*Lot rent is about $2,700 per month - owner will offset with $2,300 per month for remainder of lease
*SELLER WILL CONSIDER FINANCING THIS DEAL
6-family income producer ($130K income, $100K NOI and adjacent lot located in Long
Island City, border of Greenpoint. This property offers
immediate rental income from the apartments and parking lot.
As well as 21,000 SF +/- of M1-3 commercial zoning air rights.
*Lot rent is about $2,700 per month - owner will offset with $2,300 per month for remainder of lease
*SELLER WILL CONSIDER FINANCING THIS DEAL
PROPERTY FACTS
| Price | £2,106,728 | Number of Properties | 2 |
| Price / SF | £561.79 / SF | Individually For Sale | 2 |
| Net Initial Yield | 3.78% | Total Building Size | 3,750 SF |
| Sale Type | Investment | Total Land Area | 0.11 AC |
| Status | Active |
| Price | £2,106,728 |
| Price / SF | £561.79 / SF |
| Net Initial Yield | 3.78% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 3,750 SF |
| Total Land Area | 0.11 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 5328 35th St, Long Island City, NY 11101 | Land | 0.06 AC | - | £874,026 |
| 53-30 35th St, Long Island City, NY 11101 | Multifamily | 3,750 SF | 1931 | £1,311,436 |
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LIC Multi-Family + Development Site
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