Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
34-09 37th Avenue
Interested in this property?
Active For Sale Multi Family

$1,850,000

$1,682 per sq ft

34-09 37th Avenue

Long Island City, Queens

MLS® #RLS20074400

RLS at REBNY

Listing by Compass

3

Bedrooms

2

Baths

1,100

Sq. Ft.

1901

Year Built

Quick Summary

Bedrooms 3
Bathrooms 2
Living Area 1,100 sq ft
Year Built 1901
Ownership None
Property Taxes $8,124/yr
Neighborhood Long Island City
Floor 1 of 1

Property Highlights

  • Character: Pre-war building (1901)

Property Details

Type Multi Family
Ownership None
Total Rooms 2
Baths 0 Full
Floor 1 of 1
Pets Yes
Year Built 1901
Living Area 1,100 sq ft
Structure Type House
Furnished Unfurnished
Block/Lot 00634/0005

Listing History

Event Date Price Change
Listed Mar 2, 2026 $1,850,000 -
Currently May 4, 2026 $1,850,000 -

Description

Prime M1-1 Zoned Opportunity in the Heart of Long Island City Located in the vibrant and rapidly evolving neighborhood of Long Island City, 34-09 37th Avenue presents a rare opportunity to acquire a 25-foot-wide property with flexible M1-1 zoning in one of Queens’ most dynamic corridors. Set on a 25 ft x 98.08 ft lot (2,452 SF), this property offers significant potential for investors, developers, or end-users seeking a well-positioned asset with long-term upside. The existing structure is a 1-story building (built in 1901) currently classified as a Two-Family converted from One-Family (B3), measuring approximately 1,100 square feet (22 ft x 50ft). The building is notably underbuilt relative to the lot size, creating compelling possibilities for repositioning or redevelopment. Property Highlights: • Lot Size: 2,452 SF • Lot Dimensions: 25 ft x 98.08 ft • Zoning: M1-1 (Manufacturing District – Zoning Map 9b) • Building Size: 1,100 SF • Stories: 1 • Roof Height: 16 ft • Regular lot configuration • Built in 1901 M1-1 zoning allows for a range of uses including light manufacturing, warehouse, commercial, office, and certain community facility uses. Buyers are encouraged to consult with their architect to explore development potential. Positioned near major transportation, thriving residential developments, and expanding commercial activity, Long Island City continues to attract strong demand from businesses and investors alike. Whether you are looking to develop, occupy, or hold for long-term appreciation, 34-09 37th Avenue offers flexibility, scale, and strategic location in one of New York City’s most active submarkets. For additional information or to schedule a viewing, please reach out directly.

Features & Amenities

Interior Features

Built In Features Crown Molding Common On Floor Common Area

Exterior Features

Private Outdoor Space Over60 Sqft

Building Information

Building Data View Compliance & Permits
Total Units 1
Stories 1
Structure House

Financial Details

RE Taxes $8,124/yr ($677/mo)

Long Island City sits directly across the East River from Midtown Manhattan, reachable in one stop on the 7 train. LIC has added more than 12,000 residential units since 2015, transforming former industrial blocks into a corridor of glass-tower condos, converted loft co-ops, and rental high-rises along the waterfront. Gantry Plaza State Park, MoMA PS1, and the Hunters Point Library anchor the neighborhood’s cultural identity. Median condo prices run roughly 30-40% below comparable Manhattan waterfront units, drawing both first-time buyers and investors looking for appreciation in one of the city’s highest-growth zip codes.

Long Island City Live Market Data

View Neighborhood

Active Listings

171

Median Asking Price

$1.20M

Median $/Sqft

$1,518

Avg Days on Market

N/A

New This Week

21

Price Reduced

20%

Sold (30 Days)

5

Median Sale Price

$1.21M

Live data from RLS at REBNY • Updated 5/4/26, 4:49 PM EST

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Location

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34-09 37th Avenue, Long Island City, Queens County

Building Information

Official NYC property records for this building

1901
Year Built
125 years old
1
Floors
2
Residential Units
M1-1
Zoning District
Two Family Dwellings

Tax & Assessment

Assessed Value: $85,200
Land Value: $14,820
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 2,452 SF
Building Area: 1,100 SF
Built FAR: 0.45

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $0 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $8,124, or roughly $677 per month. Verify the current assessment with your attorney before closing.

This property has 3 bedrooms and 0 full bathrooms.

The listed interior living area is 1,100 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1901, making it approximately 125 years old.

This listing is None

Pet policy requires confirmation with the listing broker.

At the current list price of $1,850,000 for 1,100 sq ft, the asking price per square foot is approximately $1,682. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20074400
First Listed: 3/2/2026
On Market: 3/2/2026
Price Changed: 3/2/2026
Contract Date: 3/1/2026

Listing Courtesy of Compass - Erion Ahmetaj

Listing Contact: (917) 597-5736

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/4/2026 at 8:49 PM UTC

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