Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Long Island City Two-Family Home Title is generated by Realmo AI

    3-08 26th Avenue, Long Island City, NY 11102

    View on Map
    Claim this Listing
    New
    For Sale
    $1,449,000

    MULTI_FAMILY - Long Island City, NY

    Added:
    May 23, 2026
    Days on Market:
    4
    Last Refresh:
    May 26 at 9:06 pm

    Property Features for 3-08 26th Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Interior features
    First Floor Bedroom, Eat-in Kitchen
    Basement
    Finished, Full
    Standard status
    Active
    APN
    00910-0021

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    3148

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Window Unit(s), Wall/Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1890
    Number of units
    2
    Flooring type
    Hardwood
    Building materials
    Frame

    We can help!

    Listing Contact
    June H. Chang

    Listing agent June H. Chang

    Listing office E Realty International Corp 3907 Prince St Ste 4D, Flushing, NY

    Listing date May 23, 2026

    MLS# 1003801 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.

    HighLights

    • Low annual property tax: $3,148
    • Buildable potential and future development opportunities with R6 zoning
    • Prime Long Island City location with easy access to public transportation, parks, schools, grocery stores, cafes, and restaurants
    • Minutes from Manhattan via NYC Ferry and Queensboro Bridge
    • Two‑family home with a private backyard
    • Features 3 bedrooms and 2 bathrooms

    Overview

    This two-family home is located in a desired area of Long Island City. The property features 3 bedrooms, 2 bathrooms, and a private backyard suitable for entertaining, barbecues, and outdoor gatherings. Zoned R6, the property offers buildable potential and future development opportunities in one of Queens' fastest-growing neighborhoods. The location provides convenient access to Vernon Boulevard, public transportation, parks, schools, grocery stores, cafes, and restaurants. Residents can easily access the NYC Ferry, Queensboro Bridge, Gantry Plaza State Park, and other Long Island City attractions. Manhattan is also just minutes away. The property has very low grandfathered property taxes of $3,148 annually.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    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
    -73.9333
    Latitude
    40.776137

    Nearby Similar for Sale

    • $3,999,999

      Long Island City Commercial Building

      Industrial building with commercial kitchen and office space for sale.
      8-07 38th Avenue, Long Island City, NY 11101
      View Details
    • $2,750,000
      4,265 SF

      Long Island City Development Opportunity

      Queens warehouse with development potential in a mixed-use district.
      33-67 11th Street, Long Island City, NY 11106
      View Details
    • $2,075,000
      2,000 SF

      Two-Family Home in Long Island

      Vacant two-family home with customization potential in prime location.
      44-66 23rd Street, Long Island City, NY 11101
      View Details
    • $1,750,000
      2,400 SF

      3263 41st Street, Astoria, Long Island City NY 11103 Multi Family Apartments

      Two-family house near Steinway Street subways, delivered fully vacant.
      32-63 41St St, Astoria, NY 11103
      View Details
    • $4,000,000
      4,300 SF

      Long Island City Retail Property

      Retail property near subway and LIRR in Long Island City.
      21-01 49th Ave, Long Island City, NY 11101
      View Details
    • $1,696,000

      Retail Storefront in Long Island

      Prime retail storefront unit for sale in Long Island City.
      28-09 39th Avenue, Long Island City, NY 11101
      View Details
    • $1,590,000

      Astoria Development Opportunity

      2,651 SF corner lot in prime Astoria location.
      31-15 14th Street, Long Island City, NY 11106
      View Details
    • $1,499,000

      Long Island City Multifamily Building

      Six-family building in Long Island City, right off Jackson Avenue.
      11-21 47th Road, Long Island City, NY 11101
      View Details
    • $1,100,000

      Long Island City Triplex Opportunity

      Three-family property in Long Island City with investment potential.
      2123 33rd Avenue, Long Island City, NY 11106
      View Details
    • $1,588,000

      Long Island City Multifamily Property

      Multifamily property in Long Island City, Queens.
      48-72 37th Street, Long Island City, NY 11101
      View Details
    • $855,600

      Long Island City Duplex

      Duplex with three bedrooms, eat-in kitchen, and garage.
      24-11 37th Avenue, Long Island City, NY 11101
      View Details
    • $5,800,000
      2,400 SF

      Queens Retail Property For Sale

      Commercial property in Queens, New York, available for purchase.
      121-01 121st Ave, Queens, NY
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-family home with buildable potential in a desired location.
    Where is this duplex located?
    The property is located at 3-08 26th Avenue Long Island City, NY.
    What is the asking price?
    The asking price for this property is $1,449,000.
    What are key features of this property?
    This property features: Low annual property tax: $3,148; Buildable potential and future development opportunities with R6 zoning; Prime Long Island City location with easy access to public transportation, parks, schools, grocery stores, cafes, and restaurants
    (917) 657-5198
    We can help!
    Listing Contact
    June H. Chang
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3-08 26th Avenue, Long Island City, NY 11102
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!