Prime Investment Opportunity in Long Island City, NY – 3-Family Property with Endless Potential!
Located in the heart of Long Island City, this rare three-family property features two separate homes on one lot—offering a single-family home and a two-family home, both with basements for additional space.
Currently tenant-occupied, interior access is limited, and the buyer may need to purchase with tenants in place. While the property requires work, it presents a tremendous upside for investors or end-users looking to renovate and maximize value.
Situated in one of NYC’s fastest-growing neighborhoods, this property offers incredible potential for rental income, redevelopment, or long-term appreciation. Conveniently located near transportation, shops, restaurants, and major highways, this is an opportunity you don’t want to miss!
Contact for details and viewing arrangements.
Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected
SEWER
Public Sewer
WATER SOURCE
Public
Year Built
1920
Basement
Finished
Parking Features
Open
CITY
Long Island City
COUNTY
Queens
STATE
NY
SENIOR COMMUNITY
No
TAX AMOUNT
7947.84
LATEST UPDATE
2026-05-19T09:09:31.407Z
DAYS ON MARKET
1
PRICE CHANGE(S)
$1,100,000 May 19, 2026
CUMULATIVE DAYS ON MARKET
321
Property Details
Property TypeResidential Income
StatusActive
Property Sub TypeTriplex
MLS #978854
HeatingNatural Gas
CoolingNone
Utility FeaturesCable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected
SEWERPublic Sewer
WATER SOURCEPublic
Year Built1920
BasementFinished
Parking FeaturesOpen
CITYLong Island City
COUNTYQueens
STATENY
SENIOR COMMUNITYNo
TAX AMOUNT7947.84
LATEST UPDATE2026-05-19T09:09:31.407Z
DAYS ON MARKET1
PRICE CHANGE(S)
$1,100,000 May 19, 2026
CUMULATIVE DAYS ON MARKET321
Market Trends
New Properties On Market
13
8%
Increase In New Listings
Average Asking Price
$2,235,838
$245,755 Increase In Avg Asking Price
Average Asking Price / Sq. Ft.
$2,789
$2004 Increase In List Price/Sq. Ft.
Average Days On Market
2
13 Day
Decrease In Days On Market
Data as of Jun 04, 2026.
Remaining statistics above are calculated on activity within the period from Apr 01, 2026 to May 31, 2026.
Mortgage Calculator
The information provided by this calculator is for illustrative purposes only and accuracy is not guaranteed. The values and figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. This calculator does not have the ability to pre-qualify you for any mortgage or loan program. Qualification for mortgages or loans requires additional information such as credit scores and existing debts which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. All information such as interest rates, taxes, insurance, monthly mortgage payments, etc. are estimates and should be used for comparison only.
Purchase Price
Loan Type
Down Payment
HOA Dues
Interest Rate
Estimated Property Taxes
Homeowner's Insurance
Private Mortgage Insurance
Details provided by OneKey and may not match the public record. Information Copyright 2025, All Rights Reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.