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3177 37th St 27 Unit Apartment Building $22,065,070 CAD ($817,225 CAD/Unit) Long Island City, NY 11103

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INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Price $22,065,070 CAD
Price Per Unit $817,225 CAD
Sale Type Investment
No. Units 27
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class B
Lot Size 0.23 AC
Building Size 20,000 SF
No. Stories 5
Year Built 2017
Zoning R6B - Medium density residential district

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 31303864

  • Date on Market: 2024-03-22

  • Last Updated:

  • Address: 3177 37th St, Long Island City, NY 11103

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