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Six-Unit Apartment Building
For Sale
$1,600,000

50-35 38th Street, Long Island City, NY 11101

Commercial Sale, Long Island City, NY

Property SizeContact for details
Lot Size0.08 Acres
Days on Market80

Property Features for 50-35 38th Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning R4
Rooms Basement
Parking 1
Parking features On Street, Off Street, Driveway
Basement Full
Elementary school district Contact Agent
Middle school district Contact Agent
High school district Contact Agent
Standard status Active
APN 00212-0008
Lot size 0.08 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 17165

Utilities

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

Amenities

Private Driveway
Private Backyard
Full Basement

Building Details

Year built 1931
Number of units 6
Building materials Frame
Architectural style Other
Listing Agency: Coldwell Banker American Homes · Coldwell Banker Real Estate
Listed By: Lili Khachatourian
Added: Jun 3 Changed: Aug 20 Last Checked: Aug 21 at 4:06PM
MLS# 1008766

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 apartment property contains 6 independent units within a frame building constructed in 1931. The improvements include a full basement, private driveway, and private backyard, providing additional functional space and outdoor area. Heating is provided by steam, while cooling is supported by wall/window and window units.

The 0.0803-acre property is located in Long Island City, Queens, with access to public water and public sewer. Cable is available. Parking includes driveway and off-street options, along with on-street parking. The property is designated R4 and is positioned near public transportation, expressways, shopping, dining, and schools.

Key Highlights

  • 6 independent apartment units
  • R4 zoning on a 0.0803‑acre lot
  • Full basement included

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Acupuncture Pet Grooming Service Daycare Center Cosmetic Store

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

6
Residential units

Location Intelligence

Trade Area within ½ mile

2,539
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - R4-zoned property with a full basement, private driveway, backyard, and public water and sewer.
Where is this apartment building located?
The property is located at 50-35 38th Street Long Island City, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 6 independent apartment units; R4 zoning on a 0.0803‑acre lot; Full basement included
More about this property
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