3617 Greenpoint Avenue, Long Island City, NY, 11101
$1,890,000
Multi Family
For Sale
7 Beds
, 6 Full Bath
Details
ML#: 930973
- # of Families: 4
- Year Built: 1931
- Taxes: $40,928
- Status:Active
Description
Prime Mixed-Use Investment Opportunity in Long Island City / Sunnyside Border!Introducing 36-15 and 36-17 Greenpoint Avenue, a well-maintained mixed-use property featuring three renovated residential apartments and one ground-floor commercial space. Building area consists of TWO BUILDINGS totaling 3, 200 sq ft within one tax lot. Gut renovated in year 2013. The property is 100% occupied, generating strong and consistent rental income with room for future upside.Two residential units offer bright two-bedroom one bath and one unit with three-bedroom two bath, each layouts with updated kitchens, hardwood flooring, and individual heating controls. The ground-floor commercial unit is leased to a stable local business with multi-year term remaining, providing reliable cash flow.Located minutes from the 7 train at 40th Street and major bus routes, this property sits in a high-demand corridor surrounded by shops, schools, and new developments. Excellent visibility along Greenpoint Avenue makes it ideal for both investors and owner-users.Highlights:- Four total income-producing units (3 residential + 1 commercial)- Gross annual rent approx. $150, 385 with stable tenancy- Separate utilities / low operating expenses- Proximity to Queens Blvd, BQE, and Queens Midtown Tunnel- Potential to increase rents with light value-add improvementsThis is a turn-key asset with immediate income and long-term appreciation potential in one of western Queens’ most desirable investment pockets.
More Property Details
Bedroom: 7
Full Bath: 6
Parking Facilities: None
Heat: Baseboard
A/C: None
Water: Public
Sewer: Public Sewer
Taxes: $40,928
Block: 236
Lot: 1
Listing Information provided courtesy of
Winzone Realty Inc
917-607-3902