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Renovated Two-Family Duplex
For Sale
$1,448,000

5142 35th Street, Long Island City, NY 11101

Residential Income, Long Island City, NY

Property SizeContact for details
Lot Size0.06 Acres
Days on Market52

Property Features for 5142 35th Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 4
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 3, Basement, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 4
Interior features First Floor Bedroom, First Floor Full Bath, Entrance Foyer, Kitchen Island, Original Details, Washer/Dryer Hookup
Basement Walk-Out Access, Finished, 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 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 Separate Meters, Electric, Central Air, ENERGY STAR Qualified Equipment, Ductless
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: Oct 3 Last Checked: Oct 5 at 7:06PM
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 residence at 5142 35th Street in Long Island City includes 4 bedrooms, 3 bathrooms, and a fully finished basement with approximately 10-foot ceilings and two separate entrances. The 0.0579-acre property was built in 1880 and has been extensively renovated with European white oak flooring, custom cabinetry, integrated LED lighting, a stone-slab electric fireplace, full-slab bathroom tile, smart home controls, and whole-house water filtration.

Mechanical improvements include Navien heating, energy-efficient split heating and cooling, LOW-E windows, central air, ductless systems, and separate meters. The brick residence also offers a first-floor bedroom and full bath, entrance foyer, kitchen island, washer/dryer hookup, public water, and public sewer. Its two-family configuration supports separate-unit occupancy, multigenerational use, or an owner residence with additional living space.

Key Highlights

  • Legal two‑family residence with 4 bedrooms and 3 bathrooms
  • Fully finished basement with approximately 10‑foot ceilings
  • Basement includes two separate entrances

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Pet Grooming Service Tanning Salon Adult Day Care 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

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Duplex - Legal two-family layout with a finished basement, separate entrances, and extensive interior and mechanical upgrades.
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 $1,448,000.
What are key features of this property?
This property features: Legal two‑family residence with 4 bedrooms and 3 bathrooms; Fully finished basement with approximately 10‑foot ceilings; Basement includes two separate entrances
More about this property
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