
36-48 35th St Long Island City, NY 11106
Long Island City NeighborhoodHighlights
- Property is near public transit
- 4-minute walk to 36 Street (E,G,R Line)
- Walk-In Closet
- P.S. 166Q The Henry Gradstein School Rated A-
- Wood Flooring
- Park
About This Home
As of February 2025Long Island City Multi-Family Investment Opportunity Available!
Total Area: 1600 Sqft
Unused FAR: 933 sqft
Basement: approximately 600+ sqft , Full finished basement (below grade)
Zoning: M1 - Light Industrial
Opportunity Zone: Qualified
Details
1st Floor Unit:
Layout: 1 Bedroom, 1 Bath Apartment
Current Status: Excellent tenant paying $2000/month, or can be delivered vacant
Features: Spacious living area, well-maintained, direct access to indoor/outdoor deck and large backyard, steady rental income.
2nd Floor Unit:
Layout: 2 Bedroom, 1 Bath Apartment
Current Status: Delivered vacant, ideal for short-term rentals or long-term lease
Features: Proven success as a short-term rental, attractive layout.
Basement:
Status: Full finished, below grade
Potential Use: Storage, additional living space, or conversion for other uses, has a 3rd Full Bathroom
Additional Information:
Unused FAR: 933 Sqft available for potential expansion.
Don't miss this rare investment opportunity in a versatile property with significant income potential and development possibilities. Whether you're looking for a steady rental income or a successful short-term rental, this property has it all.
For more information or to schedule a viewing, contact us today!
Last Agent to Sell the Property
Compass Greater NY, LLC Brokerage Phone: (646) 460-5311 License #10401371244 Listed on: 06/17/2024

Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,824
Year Built
- Built in 1901
Parking
- On-Street Parking
Home Design
- Duplex
- Frame Construction
Interior Spaces
- 2-Story Property
- Wood Flooring
Bedrooms and Bathrooms
- 3 Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Schools
- Contact Agent Elementary And Middle School
- Contact Agent High School
Utilities
- Cooling System Mounted To A Wall/Window
- Hot Water Heating System
- Heating System Uses Natural Gas
Additional Features
- Fenced
- Property is near public transit
Community Details
Overview
- 2 Units
Recreation
- Park
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Deed | $1,045,000 | -- | |
Interfamily Deed Transfer | -- | -- | |
Deed | -- | -- | |
Deed | -- | -- | |
Deed | $450,000 | -- | |
Deed | $450,000 | -- | |
Bargain Sale Deed | $235,000 | -- | |
Executors Deed | $160,000 | Chicago Title Insurance Co | |
Executors Deed | $160,000 | Chicago Title Insurance Co |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Open | $836,000 | Purchase Money Mortgage | |
Previous Owner | $6,115 | Purchase Money Mortgage | |
Previous Owner | $405,000 | Purchase Money Mortgage | |
Previous Owner | $188,768 | Unknown | |
Previous Owner | $211,500 | No Value Available | |
Previous Owner | $0 | Purchase Money Mortgage |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
02/07/2025 02/07/25 | Sold | $1,045,000 | -18.0% | $653 / Sq Ft |
11/30/2024 11/30/24 | Pending | -- | -- | -- |
06/17/2024 06/17/24 | For Sale | $1,275,000 | -- | $797 / Sq Ft |
Tax History Compared to Growth
Tax History
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2025 | $7,873 | $41,552 | $8,871 | $32,681 |
2024 | $7,873 | $39,200 | $8,412 | $30,788 |
2023 | $7,428 | $36,983 | $6,993 | $29,990 |
2022 | $7,232 | $84,360 | $15,180 | $69,180 |
2021 | $7,624 | $69,900 | $15,180 | $54,720 |
2020 | $7,330 | $67,320 | $15,180 | $52,140 |
2019 | $6,834 | $68,760 | $15,180 | $53,580 |
2018 | $6,282 | $30,819 | $6,630 | $24,189 |
2017 | $6,154 | $30,190 | $7,152 | $23,038 |
2016 | $6,035 | $30,190 | $7,152 | $23,038 |
2015 | $3,215 | $28,856 | $10,286 | $18,570 |
2014 | $3,215 | $27,223 | $10,661 | $16,562 |
Agents Affiliated with this Home
-
Seller's Agent in 2025
Jessica Meis
Compass Greater NY, LLC
(646) 460-5311
5 in this area
69 Total Sales
-
Buyer's Agent in 2025
Ruri Nagai
Compass Greater NY LLC
(347) 799-6066
1 in this area
19 Total Sales
-
Buyer Co-Listing Agent in 2025
Bianca Colasuonno
Compass Greater NY LLC
(718) 568-5448
9 in this area
126 Total Sales
Map
Source: OneKey® MLS
MLS Number: H6313372

APN: 00634-0056
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