3617 Greenpoint AVE new Save Request In-Person Tour Request Virtual Tour
Long Island City,NY 11101
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 930973
Bedrooms 7
Full Baths 6
Rental Info No
Year Built 1931
Annual Tax Amount $40,928
Property Sub-Type Quadruplex
Source onekey2
Property Description
Prime Mixed-Use Investment Opportunity in Long Island City / Sunnyside Border!
Introducing 36-15 and 36-17 Greenpoint Avenue, a well-maintained mixed-use property featuring three renovated residential apartments and one ground-floor commercial space. Building area consists of TWO BUILDINGS totaling 3,200 sq ft within one tax lot. Gut renovated in year 2013. The property is 100% occupied, generating strong and consistent rental income with room for future upside.
Two residential units offer bright two-bedroom one bath and one unit with three-bedroom two bath, each layouts with updated kitchens, hardwood flooring, and individual heating controls. The ground-floor commercial unit is leased to a stable local business with multi-year term remaining, providing reliable cash flow.
Located minutes from the 7 train at 40th Street and major bus routes, this property sits in a high-demand corridor surrounded by shops, schools, and new developments. Excellent visibility along Greenpoint Avenue makes it ideal for both investors and owner-users.
Highlights:
- Four total income-producing units (3 residential + 1 commercial)
- Gross annual rent approx. $150,385 with stable tenancy
- Separate utilities / low operating expenses
- Proximity to Queens Blvd, BQE, and Queens Midtown Tunnel
- Potential to increase rents with light value-add improvements
This is a turn-key asset with immediate income and long-term appreciation potential in one of western Queens' most desirable investment pockets.
Location
State NY
County Queens
Rooms
Basement Finished,Storage Space
Interior
Interior Features First Floor Bedroom,First Floor Full Bath,Entrance Foyer,High Ceilings,High Speed Internet
Heating Baseboard
Cooling None
Fireplace No
Exterior
Parking Features None
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Phone Available,Water Available
Garage false
Building
Sewer Public Sewer
Water Public
Structure Type Frame,Vinyl Siding
Others
Senior Community No
Special Listing Condition None