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Renovated Legal Two-Family Duplex
For Sale
$1,498,000

5142 35th Street, Long Island City, NY 11101

Residential Income, Long Island City, NY

Property SizeContact for details
Lot Size0.06 Acres
Days on Market10

Property Features for 5142 35th Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Rooms Basement
Interior features First Floor Bedroom, First Floor Full Bath, Entrance Foyer, Kitchen Island, Original Details, Washer/Dryer Hookup
Basement Walk-Out Access, Full, Finished
Elementary school Contact Agent
Middle school Call Listing Agent
High school Contact Agent
Elementary school district Contact Agent
Middle school district Contact Agent
High school district Contact Agent
Standard status Active
APN 00306-0045
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 5885

Utilities

Utilities Water Available
Sewer type Public Sewer
Heating system Baseboard
Cooling system Ductless, Separate Meters, ENERGY STAR Qualified Equipment, Electric, Central Air
Water source Public

Building Details

Year built 1880
Number of units 2
Flooring type Wood
Building materials Brick
Listing Agency: Keller Williams Landmark II · Keller Williams Realty
Listed By: Carlos Delgado
Added: Aug 15 Changed: Aug 23 Last Checked: Aug 23 at 11:06PM
MLS# 1039374

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 legal two-family duplex at 5142 35th Street is set on a 0.0579-acre lot and dates to 1880. The brick residence has been extensively renovated with wood flooring, custom cabinetry, integrated LED lighting, a stone-slab electric fireplace, full-slab bathroom tile, smart-home controls, and whole-house water filtration. LOW-E windows, Navien heating, ductless split heating and cooling, central air, and separate meters add modern functionality.

The finished basement provides approximately 10-foot ceilings and two independent entrances, expanding the property's usable space. Interior features include a first-floor bedroom, first-floor full bath, entrance foyer, kitchen island, original details, and washer/dryer hookups. Public water and public sewer serve the property, with water available through the municipal utility system.

Key Highlights

  • Legal two‑family duplex on a 0.0579‑acre lot at 5142 35th Street
  • Extensively renovated brick residence originally built in 1880
  • Finished basement with approximately 10‑foot ceilings and two separate entrances

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Pet Grooming Service Tanning Salon Bed & Breakfast Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

2,456
Businesses Nearby

Demographics for 11101, NY

48,867
Population
27,093
Households
1.8
Avg Household Size
33
Median Age
65%
College-Educated
90%
High-School Grad
2.6 sq mi
ZIP Area
18,795
Density / Sq Mi
$116,807
Median Household Income
$83,892
Median Earnings
$2,740
Median Rent
$995,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Updated two-family layout includes a finished basement with separate entrances and flexible occupancy options.
Where is this duplex located?
The property is located at 5142 35th Street Long Island City, NY.
What is the asking price?
The asking price for this property is $1,498,000.
What are key features of this property?
This property features: Legal two‑family duplex on a 0.0579‑acre lot at 5142 35th Street; Extensively renovated brick residence originally built in 1880; Finished basement with approximately 10‑foot ceilings and two separate entrances
More about this property
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