3865 9th St
Long Island City, NY 11101

10 Apartments plus 2 Stores · Multifamily Property For Sale · 12 Units

EXECUTIVE SUMMARY

The Subject Properties includes the sale of 901 40 Ave and 38-65 9 St in Prime Location in Long Island City. The buildings are located next to each other on the Corner of 9th Street and 40 Ave. The Building with 901 40 Ave includes one Store and Seven (3) bedroom apartments, all rented . The building is rent stabilized with additional 6,620 Buldable Sqft of air rights which gives it a huge upside potential to turn it to free market rent.
The second building on 3865 9 St includes one office and Three (2) bedroom apartments,all rented and the building is not rent stabilized
Prime location on 40 Ave, corner of 9rh St. Close to Subway express F train and many stores and gas stations and highways.

PROPERTY FACTS

Price Per Unit $416,667
Sale Type Investment
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 0.01 AC
Building Size 9,185 SF
No. Stories 4
Year Built 1916
Opportunity Zone Yes

UNIT AMENITIES

  • Air Conditioning

SITE AMENITIES

  • 24 Hour Access

PROPERTY TAXES

ZONING

Zoning Code MU (mixed-use property)
  • Listing ID: 17292696

  • Date on Market: 9/25/2019

  • Last Updated:

  • Address: 3865 9th St, Long Island City, NY 11101