Listed by Compass Commercial
$1,850,000
34-09 37th Avenue
Details
APN 4006340005
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,100
Price per SqFt $1,682
Year Built 1901
Stories 1
Lot Size (SqFt) 2,452
Zoning M1-1 (Manufacturing District – Zoning Map 9b)
Multifamily
Marketing 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.
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.
Investment 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
Listing Contacts
Listed by Compass Commercial
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