Homes for Sale with a Basement in Long Island City, NY

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Welcome to your dedicated resource for homes for sale with a basement in Long Island City, NY. This page is your live portal for listings that match the exact homes for sale you demand, filtering out irrelevant properties to save you time. As a local Long Island City, NY agent, Walt Siefert specializes in the unique market dynamics of this area, offering insights into amenities, home values, and investment potential. Start exploring the with a basement properties currently available below, or contact a local agent to discuss the details that matters most to your search.

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All Homes for Sale with a Basement in Long Island City, NY

$58,000

1023193 MLS

Prime LIC Location: Turnkey Bubble Tea & Dessert Shop for Sale! Join a modern, stylish food court in the heart of Long Island City, perfectly situated among luxury residential high-rises and bustling office buildings that provide massive built-in foot traffic and high demand for dining. This premium turnkey space boasts 20-foot ultra-high ceilings for an incredible sense of space, along with unbeatable transit access featuring a bus stop right outside your doors and just a 3-minute walk to the Queens Plaza subway station (E, M, and R trains). Offering highly competitive lease with 4 years remaining plus a 5-year option, this is a rare, ready-to-go opportunity to take over and start operating immediately in a highly lucrative market

2717 42 Road, Long Island City

$735,000

2 Beds ⋅ 2 Baths ⋅ 1016456 MLS

Single-family home situated on a 25x100 R5 lot with approximately 3,151 buildable square feet (FAR). Excellent opportunity for builders, investors, or end users looking to develop in one of NYC’s most desirable neighborhoods. Ideal for tear-down and redevelopment into a larger two-family residence (buyer to verify zoning and buildability). Brand-new two-family homes in the area have achieved sale prices exceeding $2.5M. Bring your architect and general contractor — this is a prime development opportunity with strong upside potential. Cash deal preferred. Property will be VACANT at closing.

33-73 10th Street, Long Island City

$5,580,000

998685 MLS

This property is in the rapidly evolving Dutch Kills section of Long Island City. The property Lot dimensions 75 ft x 85 ft consists of a 6,685 square foot lot, Residential FAR 1.65, Commercial FAR 3,Facility FAR 2, Max buildable area20,055 sqft. Currently It's 5 family houses, Two 25 x 40 Buildings with two car garage. Only $278/per Buildable square foot is a Great chance for developer .

38-12 28th Street, Long Island City

$1,300,000

6 Beds ⋅ 4 Baths ⋅ 982447 MLS

A two-family semi-detached house in Long Island City, featuring 3 bedrooms, living room, kitchen, dinning area, one and half bath on each floor. The property includes a fully finished basement. This presents an excellent opportunity for investors seeking a lucrative property. Strategically located near Long Island Expressway, shopping, restaurants, and more.

5117 34th Street, Long Island City

$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

$1,480,000

10 Beds ⋅ 2 Baths ⋅ 977592 MLS

Large property with fully finished basement.

48-72 37th Street, Long Island City

$1,499,000

949156 MLS

Attention all investors, developers and end-users. In the heart of Long Island City, right off Jackson Avenue, this 6-family building is for sale!!! Each unit has 2 bedrooms, 1 bath, a kitchen and living room. Full unfinished basement with 2 outdoor exits. Income: Unit 1R: $1,424.69/month, lease exp: 4/22/26; 2R: $1,765.00/month, lease exp. 1/31/26; 3R: $1,993.32/month, lease exp. 11/30/25; 1L: in LEGAL; 2L: $1,754.84, lease exp. 2/28/26; 3L: $785.28/month, lease exp. 4/30/26. Annual expenses: Water/Sewer: $4,902. Oil: $4,213. Fire Insurance: $23. Exterminator: $321. Supplies: $4,213. Insurance: $9,832. Taxes: $13,766.84. Five of the 6 units are rent stabilized, Unit 1L is rent controlled.

11-21 47th Road, Long Island City

$1,480,000

2 Beds ⋅ 2 Baths ⋅ 945545 MLS

Welcome home to Unit 10A at 42-62 Hunter Street — a modern two-bedroom, two-bath condo with southeast exposure, stunning city views, and two private outdoor spaces (terrace & balcony). The open-concept living area features engineered hardwood floors, soft ambient lighting, and central heating & A/C throughout. The windowed kitchen offers quartz countertops and premium appliances, including a Blomberg refrigerator, Bertazzoni gas range, and dishwasher. Both bedrooms are generously sized with custom closets, complemented by spa-like bathrooms. Additional highlights include in-unit laundry, smart home features (keyless entry & smart thermostat), and access to a state-of-the-art fitness center on the same floor. Ideally located in Long Island City, just minutes from Manhattan, close to Michelin-rated dining, cafes, shops, Gantry Plaza State Park, Hunter’s Point South Park, multiple subway lines (E/F/M/N/R/G/7), and the NYC Ferry. Photos may be virtually staged. Brokers welcome. CYOF

4262 Hunter Street Unit #10A, Long Island City

$875,000

1 Beds ⋅ 1 Baths ⋅ 896952 MLS

Indulge in sophisticated city living with this stunning one-bedroom, one-bathroom residence in the heart of Long Island City. Built in 2017, this second-floor condo combines modern elegance with thoughtful design, featuring an open chef’s kitchen adorned with marble countertops and top-of-the-line Bosch stainless steel appliances, rich hardwood flooring, and soaring ceilings that create an airy, light-filled ambiance. Residents enjoy boutique-style amenities including a private fitness center, game room, private entertainment-ready backyard, and a secure, stylish lobby. Perfectly positioned just steps from the E and M subway lines and mere minutes to Manhattan, with effortless access to premier dining, shopping, and major thoroughfares, this condo offers the ultimate blend of luxury and convenience.

2110 44th Drive Unit #2B, 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.