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6-Unit Apartment Building
New
For Sale
$1,600,000

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

Residential Income, Long Island City, NY

Property SizeContact for details
Lot Size0.08 Acres
Days on Market2

Property Features for 50-35 38th Street

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Rooms Basement
Parking 1
Parking features Off Street, On Street, Driveway
Interior features First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, Entrance Foyer, Washer/Dryer Hookup
Basement Full
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 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 Window Unit(s), Wall/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: Oct 18 Last Checked: Oct 19 at 7:06AM
MLS# 1062350

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.

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Investment Insights

Based on property information with market context.

This 6-unit apartment building at 50-35 38th Street in Long Island City was built in 1931 with frame construction. The 0.0803-acre property includes a full basement, a private backyard, and a driveway. Interior features include an eat-in kitchen, entrance foyer, first-floor bedroom and full bath, and washer/dryer hookup. Heating is steam, with window or wall/window unit cooling.

The property has public water and public sewer service, with cable available. Parking features include a driveway and on-street parking.

Key Highlights

  • Six independent apartment units
  • 0.0803‑acre property with a private backyard
  • Full basement

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Nursing Home Gym & Fitness Center (Bike/Boat/Book/etc) Store Veterinary Clinic Bed & Breakfast

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
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

3,285
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Six separate apartments, a full basement, and private outdoor space define this residential income property.
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: Six independent apartment units; 0.0803‑acre property with a private backyard; Full basement
More about this property
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