3177 37th St - Apartments FOR SALE


Long Island City, NY 11103
$16,500,000 USD
718-614-8349
3177 37th St, Long Island City, NY for Sale
$16,500,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

3177 37th St
Long Island City, NY 11103


HIGHLIGHTS

  • Between both M/R & N/W subway stations
  • Roof Deck and Fenced Yard With BBQs
  • Elevator, Laundry Room, Storage Room, Garage Parking

OVERVIEW

Welcome to Broadway 37, a 27 unit luxury rental building completed in 2017. This well-maintained brick building, perfectly situated just off Broadway, offers an ideal investment for those seeking a prime location and high rental potential. With its proximity to two subway lines (M/R & N/W), tenants will enjoy easy access to transportation, making this property highly desirable. The building features an elevator for added convenience, along with garage parking, a rare find in the city. Additionally, a laundry room and storage units enhance the building's appeal and value. Outdoor amenities include a fenced-in backyard with landscaping and two BBQs, providing a private outdoor space for tenants to enjoy. The furnished roof deck offers panoramic views, adding to the building's allure. Consisting of one to three-bedroom units, each designed with luxury finishes and modern amenities, this building offers a lucrative investment opportunity. Two penthouse units add prestige and premium rental income potential. There is a 15 year tax abatement in place.

FOR SALE DETAILS

PRICE

$16,500,000 USD

PRICE/SF

$825 USD /SF

# OF UNITS

27

PRICE/UNIT

$611,111

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2017

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,053 SF

ZONING

R6B

APN/PARCEL ID

00657-0010,00657-0012

ASK ABOUT THIS PROPERTY

Anthony Lo VermeBlue Brick Real EstateMore Info
718-614-8349

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Anthony Lo VermeBlue Brick Real EstateMore Info
718-614-8349

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.