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    Long Island City, NY Residential Income Properties for Sale

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    Attached Six-Unit Multi-Family Building
    Updated: Mar 13
    Attached Six-Unit Multi-Family Building

    31-51 35th Street, Astoria, NY 11106

    $1,550,000
    5,025 sqft · 0.06 AC lot
    Six‑unit attached multi‑family building in Astoria, Queens
    Built in 1925 with stone construction materials
    All six units offer 2 bedrooms and 1 full bath
    Approx. 5,000 sq ft of living space across the building
    High ceilings and excellent natural light noted for the units
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    This listing looks promising.

    Here's a quick look at some key insights for

    31-51 35th Street, Astoria, NY 11106

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    • Est. Cap Rate

      7.9%
      Above avg (5.9%)

    • Est. NOI

      $123K
      Annual

    • Mortgage

      $710K
      Apr 2020

    • Property Type

      Apartment House
      Built 1925
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    Spacious Two-Family Home in Queens
    Updated: May 31
    Spacious Two-Family Home in Queens

    10-37 BAY 31ST Street, Queens, NY 11691

    $999,000
    2,880 sqft · 0.07 AC lot
    1965 semi‑detached two‑family home with two separate units: a 4‑bed/1.5‑bath and a 3‑bed/1.5‑bath
    Both units include eat‑in kitchens and separate dining rooms, plus primary bedroom en‑suite half bath in the 4‑bedroom unit
    Oversized finished basement with high ceilings, interior access, and a separate entrance for recreation, office, gym, media room, or extra living space
    Huge backyard and private parking, plus a detached 2‑car garage
    Building size 22' x 65' with lot size 30' x 106'
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    Spacious Multifamily Home with Pool
    Spacious Multifamily Home with Pool

    125-11 7th Avenue, Queens, NY 11356

    $1,449,999
    2,631 sqft · 0.16 AC lot

    Multifamily home in Queens with pool and ample parking.

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    Brick Five-Unit Apartment Building
    Brick Five-Unit Apartment Building

    137-16 88th Street, Queens, NY 11417

    $999,000
    3,705 sqft · 0.08 AC lot

    Five 1-bedroom apartments with two currently vacant, plus private driveway, garage, common laundry, and separate utilities.

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    Detached Brick Two-Family Residence
    Detached Brick Two-Family Residence

    1124 128th Street, Queens, NY 11356

    $2,480,000
    4,097 sqft · 0.11 AC lot

    Fully detached two-family brick home with side-by-side living, double-height space, balconies, and a private driveway.

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    Renovated Astoria Multifamily Brick Home
    Renovated Astoria Multifamily Brick Home

    20-49 49th Street, Astoria, NY 11105

    $1,990,000
    3,080 sqft · 0.07 AC lot

    Spacious, renovated 7-bedroom multifamily home in the heart of Astoria.

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    Queens Village Multifamily Investment Property
    Queens Village Multifamily Investment Property

    99-02 212th Street, Queens, NY 11429

    $1,500,000
    1,440 sqft · 0.05 AC lot

    Fully rented, renovated four-family house in Queens Village.

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    Five-Unit Residential Income Building
    Five-Unit Residential Income Building

    1426 30th Dr, Astoria, NY 11102

    $2,000,000
    5,056 sqft · 0.09 AC lot

    Walk-up multifamily with four 2-bedroom units, one 3-bedroom unit, and a detached three-car garage.

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    Mixed-Use Building in South Astoria
    Mixed-Use Building in South Astoria

    3076 Steinway Street, Astoria, NY 11103

    $2,390,000
    4,500 sqft · 0.05 AC lot

    High-visibility mixed-use building with redevelopment potential in a prime location.

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    Astoria Fourplex with Expansion Potential
    Astoria Fourplex with Expansion Potential

    11-51 Welling Court, Astoria, NY 11102

    $1,200,000
    2,600 sqft · 0.03 AC lot

    Fourplex in Astoria, NY, with potential for significant expansion.

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    Upgraded Six-Family Residence, Queens
    Upgraded Six-Family Residence, Queens

    22-08 120th Street, Queens, NY 11356

    $1,680,000
    4,300 sqft · 0.11 AC lot

    Income-producing six-family property with recent upgrades and private parking.

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    Mixed-Use Building with Rear Parking
    Mixed-Use Building with Rear Parking

    198-03 Hollis Ave, Queens, NY 11412

    $1,090,000
    3,000 sqft · 0.04 AC lot

    Two residential units over a ground-floor storefront, with a finished basement and rear parking for up to four cars.

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    Queens Two-Family Home Value-Add Opportunity
    Queens Two-Family Home Value-Add Opportunity

    23-40 124th Street, Queens, NY 11356

    $1,250,000
    2,178 sqft · 0.11 AC lot

    Two-family home on a 48' x 100' lot.

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    Renovated Triplex in Queens, NY
    Renovated Triplex in Queens, NY

    341 Beach 67th Street, Queens, NY 11692

    $900,000
    2,206 sqft · 0.09 AC lot

    Newly renovated triplex with versatile living spaces in Queens.

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    Astoria Three-Family Home
    Astoria Three-Family Home

    21-63 45th Street, Astoria, NY 11105

    $2,299,999
    1,500 sqft · 0.05 AC lot

    Renovated three-family home in Astoria's Ditmars-Steinway neighborhood.

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    Brick Duplex with Two Patio Areas
    Brick Duplex with Two Patio Areas

    1305 34th Avenue, Astoria, NY 11106

    $1,160,000
    0.03 AC lot

    Two-family brick duplex with independent heating thermostats, washer/dryer hook-ups, and private front and back patios.

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    Two-Unit Residential Income Duplex
    Two-Unit Residential Income Duplex

    48-48 45th Street, Sunnyside, NY 11377

    $1,388,000
    0.05 AC lot

    Vacant-at-closing two-unit duplex with separate utilities and multiple legal bathrooms for flexible occupancy or rental use.

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    Medical Office and Residential Building
    Medical Office and Residential Building

    4014 Greenpoint Avenue, Sunnyside, NY 11104

    $2,100,000
    0.02 AC lot

    For sale with a fully equipped doctor’s office and a separate 3-bedroom apartment on the second floor.

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    Residential Income Duplex
    Residential Income Duplex

    12-10 27th Avenue, Astoria, NY 11102

    $1,890,000
    0.06 AC lot

    For sale duplex in Astoria, Queens, offering a residential income building configuration.

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    Two-Family Brick Home with Parking
    Two-Family Brick Home with Parking

    32-63 41st Street, Astoria, NY 11103

    $1,750,000
    2,400 sqft · 0.09 AC lot

    Three-story two-family brick property with private driveway parking and vacant delivery, offering separate apartment layouts.

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    Long Island City Two-Family Home
    Long Island City Two-Family Home

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

    $1,449,000

    Two-family home with buildable potential in a desired location.

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    Two-Family Residential Property
    Two-Family Residential Property

    3113 12th Street, Astoria, NY 11106

    $1,085,000
    0.04 AC lot

    Two income-producing units plus a finished walk-in basement with a separate entrance, delivered vacant on an as-is basis.

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    Legal 7-Unit Multifamily Building
    Legal 7-Unit Multifamily Building

    31-49 33 street, Astoria, NY 11106

    $1,700,000

    Turnkey 7-apartment brick property with brand-new roof near Broadway subway lines.

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    Two-Family Tudor Colonial
    Two-Family Tudor Colonial

    82-41 166th Street, Hillcrest (, Queens, NY 11432

    $1,048,000
    0.08 AC lot

    Legally a two-family home currently configured as one, offering multiple living areas and recent major system updates.

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    Long Island City, NY Residential Income Properties Market Trends and Statistics

    Explore 334 residential income properties for sale in Long Island City, NY, showcased through 334 active listings on our real estate platform. These investment opportunities span a total of 450,764 square feet of properties for sale, with an estimated market value of $228,832,746.

    Sale prices for residential income properties in Long Island City, NY start at $339,000, averaging $2,896,617, and reaching up to $18,888,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 1109
    Apartment buildings 699
    Duplexes 240
    Triplexes 62
    Quadplexes 29

    Demographics Overview

    Population 216K
    Population Growth (5Y) +7.8%
    Median Household Income $101,067
    College Educated 75.1%

    High-Yield Neighborhoods for Investment

    Identify Long Island City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Forest Hills $335K
    Flushing $409.9K
    Bayside $578.5K
    South Ozone Park $1.5M
    East Elmhurst $1.8M

    Taxes & Financing

    Tax Rate (average for all types) 7.14%
    Property Tax per SF $14.71 per SF
    Tax Rate vs County Average 1.91 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Queens County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Queens County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Long Island City fall within the 25,000 to 50,000 square foot range.

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    Popular Searches in Long Island City, NY

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    Most Searched ZIP Codes in Long Island City, NY

    • 11106
    • 11103
    • 11105
    • 11102
    • 11368
    • 11372
    • 11377
    • 11373
    • 11375
    • 11101
    • 11104
    • 11354

    Featured Long Island City Real Estate Agencies

    Realmo connects you with licensed Long Island City CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Pinnacle Realty of New York LLC
    Long Island City, NY 11101
    www.pinaclereny.com/
    DY Realty Group
    Long Island City, NY 11106
    www.dyrealty.com
    Matthew Spiegel - Licensed Independent Broker
    Long Island City, NY 11101

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