Long Island City Homes with Finished Basement

Long Island City Homes with Finished Basement

Long Island City, located in Queens, New York, is a vibrant neighborhood known for its mix of residential and commercial spaces. Home to a diverse community, Long Island City offers a range of housing options, including homes with finished basements.

Homes with finished basements in Long Island City provide additional living space, storage, or recreational areas, adding value and versatility to the property. Finished basements are popular among homeowners looking to maximize their living space without the cost of an addition. Whether used as a cozy family room, a home office, a gym, or a guest suite, a finished basement can cater to various needs and preferences.

Investing in a home with a finished basement in Long Island City not only offers practical benefits but also enhances the overall appeal and value of the property. With easy access to amenities, transportation, and cultural attractions, Long Island City continues to attract residents seeking a dynamic urban lifestyle with the convenience of a suburban setting.

Newest Long Island City Homes with Finished Basement

$5,000,000
980250 MLS
Multifamily Investment Offering 35-52 Steinway Street | Astoria, Queens, NY Property Overview---------------------------- Rare opportunity to acquire a 20-unit rent-stabilized multifamily building located on the highly desirable Steinway Street corridor in Astoria, Queens. This income-producing asset offers stable, predictable cash flow in one of New York City’s strongest rental markets. The property consists of 20 residential units, including 15 spacious two-bedroom apartments and 5 additional units with efficient layouts. The asset is well-suited for investors seeking long-term stability with upside potential in a high-demand location. Financial Overview------------------------ Asking Price: $5,500,000 Gross Scheduled Income: $404,040 Operating Expenses: $144,500 Net Operating Income (NOI): $259,540 Cap Rate: 5.19% Gross Rent Multiplier (GRM): 13.61 Price Per Unit: $275,000 Investment Highlights------------------- 20-unit rent-stabilized building Strong, consistent in-place income Majority two-bedroom unit mix Located on a prime commercial corridor High tenant demand and low vacancy area Long-term hold with stable returns Location Overview---------------------Astoria, Queens Positioned in the heart of Astoria along the vibrant Steinway Street corridor, the property benefits from immediate access to a wide range of retail, restaurants, and neighborhood amenities. Astoria is one of Queens’ most desirable residential neighborhoods, known for its diverse dining scene, cultural attractions, and convenient access to public transportation with a short commute to Midtown Manhattan. The area continues to attract steady renter demand, making it a proven and resilient multifamily submarket.

3552 Steinway Street, Long Island City

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Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.