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    3809 24Th St Long Island City, NY 11101

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    For Sale
    $3,499,000

    Located in Long Island City, perfect for redevelopment.

    Property size:
    5,000 SF
    Lot size:
    0.12 Acres

    Property Features for 3809 24Th St

    General Information

    Size
    5,000 SF
    Lot size
    0.12 Acres

    Source: Island Associates Real Estate, Inc. Agent Christopher R. Mayor

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Long Island City Redevelopment Opportunity

    Located in Long Island City, this property offers easy access to subways and mass transit. Currently used as an auto body shop and leased for $7,000 per month, the property is suitable for redevelopment. The property size is 5,000 square feet. There is potential for mixed-use development with the possibility of adding two additional stories to the building. Property values in the area are increasing over 5% per year.
    Insight Report Location Intelligence

    Current Use by Public Records

    P & A Auto Sales Auto Repair Shop

    Suggested Use

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

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

    Similar Places Nearby

    King Royal Auto Repair, fdny fleet maintenance, Srs Auto Repair Shop, Shops, Tire Town Express

    Location Insight

    • Map
    • Local Demand
    City
    Long Island City
    County
    Queens
    State
    New York
    Longitude
    -73.93673
    Latitude
    40.755667

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    FAQs

    What type of property is this?
    Auto shop - Located in Long Island City, perfect for redevelopment.
    Where is this auto shop located?
    The property is located at 3809 24Th St Long Island City, NY.
    What is the asking price?
    The asking price for this property is $3,499,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Long Island City.; - Redevelopment potential with the ability to add 2 additional stories for mixed-use.; - Property values increasing over 5% per year.
    (631) 513-2000
    Request Owner's contact information
    3809 24Th St 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
    3809 24Th St Long Island City, NY 11101
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