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    5-17 51St Ave Long Island City, NY 11101

    For Sale
    $3,200,000

    Duplex - Long Island City, NY

    Type:Duplex
    Property size:
    6,600 SF
    Lot size:
    0.06 Acres
    Days on Market:
    187
    Last Refresh:
    Dec 13 at 11:06 am

    Property Features for 5-17 51St Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    6
    APN
    00033-0018
    Interior features
    Eat-in Kitchen, Entrance Foyer
    Exterior features
    Courtyard
    Basement Y/N
    1
    Size
    6,600 SF
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1931
    Number of units
    6
    Building materials
    Unknown
    Architectural style
    Other

    Douglas Elliman Real Estate [email protected]

    Listing agent Diane E. Andersen (516) 883-5200 License #10301203580

    Listing date Jun 10, 2025

    MLS# 875477 Listing URL

    Copyright © 2025 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.

    Overview

    Long Island City Investment Opportunity

    Located on a tree-lined street in Long Island City, this three-story building presents an investment opportunity. The property features six one-bedroom, one-bath units. A spacious basement provides storage and potential for future amenities. The backyard includes mature fig trees. The property is situated minutes from major highways, public transportation, and restaurants. This property offers potential in a growing neighborhood.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Long Island City
    County
    Queens
    State
    New York
    Longitude
    -73.944709
    Latitude
    40.740227

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    FAQs

    What type of property is this?
    Apartment building - Classic building with six units, great location, investment potential.
    Where is this apartment building located?
    The property is located at 5-17 51St Ave Long Island City, NY.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: - Six well-maintained one-bedroom, one-bath units offer immediate rental income.; - Prime Long Island City location in a rapidly growing neighborhood.; - Convenient access to major highways and public transportation.
    (516) 883-5200
    Request Owner's contact information
    5-17 51St Ave Long Island City, NY 11101
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    Long Island City, NY 11101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5-17 51St Ave Long Island City, NY 11101
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