903 35th Ave - Apartments FOR SALE


Long Island City, NY 11106
$2,500,000 USD
929-600-4648
903 35th Ave, Long Island City, NY for Sale
$2,500,000 USD
Apartments - FOR SALE
1/14
null | 7.37% Cap Rate

903 35th Ave
Long Island City, NY 11106


OVERVIEW

BID DEADLINE - SEPTEMBER 15, 2025 . DEAL PAGE & DATA ROOM LINKS BELOW . Stonefield Real Estate has been retained on an exclusive basis to sell 9-03 35th Avenue, a fully occupied, rent-stabilized, mixed-use building located in the Long Island City neighborhood of Queens, NY. . The four-story walk-up consists of 14 residential apartments and 1 retail storefront, totaling approximately 16,157 square feet. Situated on a 3,835 square foot corner lot, the building features a classic pre-war brick façade and a well-maintained structural foundation. The property benefits from recent capital improvements and efficient management, delivering stable cash flow and minimal deferred maintenance. . MIXED-USE TENANCY • 14 residential units, each with 2-bedroom / 1-bathroom layouts • 1,247 SF commercial unit leased to Doc Flow Medical PC, a primary care physician’s office • Commercial unit is fully renovated and compliant with the Certificate of Occupancy • 100% occupied with strong rental performance . ADDITIONAL LEASEHOLD INTEREST – ROOF RIGHTS • T-Mobile holds a long-term leasehold interest in the building’s roof for cellular equipment, with a remaining term of approximately 49 years. • The lease grants T-Mobile the right to install and operate existing cellular equipment. • Should T-Mobile add additional cellular equipment in the future, the landlord is entitled to receive 40% of the associated revenue. . UTILITIES • Electric: Separately Metered – Tenant’s Responsibility • HVAC: Window AC Units – Tenant’s Responsibility • Heat: Oil Tank – Landlord’s Responsibility • Water: Boiler – Landlord’s Responsibility

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$155 USD /SF

# OF UNITS

15

PRICE/UNIT

$166,667

CAP RATE

7.37%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BID DEADLINE - SEPTEMBER 15, 2025

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

R5

APN/PARCEL ID

00324-0001

ASK ABOUT THIS PROPERTY

Adam YakubovStonefield Real EstateMore Info
929-600-4648

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Adam YakubovStonefield Real EstateMore Info
929-600-4648

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