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Multifamily Building with Finished Basement

48-72 37th Street Long Island City, NY 11101

48-72 37th Street, Long Island City, NY, 11101
$1,480,000
For Sale
$1,480,000

MULTI_FAMILY - Long Island City, NY

Lot Size0.06 Acres
Days on Market113

Property Features for 48-72 37th Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
10
Bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 5, Bedroom 7, Bedroom 6, Bedroom 8, Bathroom 1, Basement, Bedroom 9, Bedroom 10, Bathroom 2, Bedroom 2, Bedroom 4
Basement
Finished, Full
Standard status
Active
APN
00236-0079
Lot size
0.06 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
9043

Utilities

Heating system
Natural Gas

Building Details

Year built
1925
Number of units
2
Building materials
Brick
Listing Agency Winzone Realty Inc
8115 Queens Blvd Ste 2A, ELMHURST, NY
Listed by Xiao Feng Pan CBR
Added: Mar 27 Checked: Jul 17 at 4:06 pm
MLS# 977592 Listing URL

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This for-sale multifamily building includes multiple residential units and features a fully finished basement. The property is described as a large asset and is positioned as a residential income option with additional interior space beyond the main floors.

Located at 48-72 37th Street in Long Island City, Queens, NY 11101, the property sits on a small lot measuring approximately 0.0574 acres. The listing also identifies the asset as compatible with duplexes and other residential income property classifications, supporting a multi-unit tenant or ownership strategy.

The finished basement can be a meaningful consideration for tenants, owners, or investors looking for extra interior space within the building footprint. As a multifamily asset listed in Long Island City, it may appeal to buyers seeking a residential income property that offers more usable square footage than a similar structure without that finished lower level. Please note that no unit mix, square footage details, or specific condition notes beyond the finished basement were provided in the listing information.

Key Highlights

  • Brick construction with natural gas heating
  • Year built: 1925
  • Fully finished basement

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Events Party Decorations ... Event Planning

Suggested Use

Real Estate Agency Building Supply Auto Parts Store Law Firm Big Box & Wholesale Store Hair Salon Dental Office Hotel & Motel Gym & Fitness Center Storage Facility

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - For sale multifamily property in Long Island City with a fully finished basement for added flexible living or use space.
Where is this duplex located?
The property is located at 48-72 37th Street Long Island City, NY.
What is the asking price?
The asking price for this property is $1,480,000.
What are key features of this property?
This property features: Brick construction with natural gas heating; Year built: 1925; Fully finished basement
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