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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

$780,000
1049037 MLS
Tucked into the heart of Long Island City, this fully renovated 1500-square-foot standalone building offers a rare opportunity to own — not lease — your commercial space. Exposed brick walls, wide-plank wood flooring, and a sleek updated kitchen create a warm, loft-like interior that's move-in ready for studio, office, tech workspace, while the M1-1 zoning and existing Lodge Room (P2) classification open the door to flexible as-of-right commercial uses including: Yoga/Meditation/Fitness studio and Private banquet/meeting hall, Creative production space, tech workspace, real estate office, contractor or design studio, restaurant, caf&#233;, catering kitchen, non-profit meeting space, religious or fraternal clubs. High-Value Features: • Fully detached, single-story building on its own 1,324 sq. ft. lot with two floors • Renovated interior: exposed brick, engineered wood flooring, updated kitchen with stainless appliances • M1-1 zoning supports office, studio, eating/drinking, and recreation/assembly uses • Existing Lodge Room (P2) use — ideal foundation for a private event, meeting, or creative hall concept • Steps from Long Island City’s transit corridors and just over a mile to the nearest police precinct • Low Taxes Whether you're an owner-operator seeking a distinctive home base or an investor eyeing a flexible-use asset with upside, this property rewards a closer look. Schedule your private tour today — before this one-of-a-kind space is gone. Please confirm with an architect or code consultant to confirm occupancy for your specific use.

5224 35th Street, Long Island City
$84,000
1043110 MLS
New Stores, New Location At Northen Blvd. Shoping District. Great For Food With Side Walk Cafe, Beauty Salon, Boutique Services, Etc. , Additional information: Office Pct.:100,vac_perc:100, Building Size:200X20 Position your business in one of Queens' most vibrant and fast-growing commercial corridors. Joining neighborhood heavyweights like Nonna’s 1977, Homemade Taqueria, and a local celebrity barbershop"coming soon. This high-visibility corner, 50'x20' space offers unmatched foot traffic and synergy with HearthStone Building and the shopping area of H-mart, Marshalls, Burlington, Bjs, Home Goods, Home Depot, Best Buy and more. Outdoor Experience: Ideal setup for food, beverage, or boutique concepts with sidewalk caf&#233; potential. High-End Infrastructure: Features 10 ft. ceiling heights and a finished partial basement. Unbeatable Location: Situated in the heart of the Northern Blvd shopping district with convenient access to the M and R subway lines. This turnkey space places you directly alongside top-tier co-tenants in a bustling district.

45-01 34th Avenue, Long Island City
$1,495,000
1041269 MLS
Welcome to 37-22-27th Street! A meticulously renovated, 3 story two family nestled on a beautiful, picturesque block of Long Island City. Offering a 2 bedroom 1 bath rental over the owners duplex. Both units enjoy expansive sun drenched, modern, open concept living/dining areas which provides great space for entertaining. The chefs kitchen features floor to ceiling custom cabinetry, adorned with a full fleet of stainless steel appliances, and equipped with island for bar stool seating. Fully tiled bathrooms adorned with state of the art wall & floor tiles. Renovations include brand new herring bone wood flooring, recessed lighting, updated electrical, heating, plumbing and central AC systems throughout. This masterfully reimagined townhouse is conveniently located with close proximity to major transportation which makes commuting a breeze. Conveniently located with close proximity to major transportation which makes commuting a breeze. Just off 21 Street, 38th, Crescent street. Quick easy access to schools, shopping centers, restaurants, cafes, parks and many other vibrant neighborhood amenities.

3722 27th Street, Long Island City
$1,498,000
2 Beds ⋅ 3 Baths ⋅ 1039374 MLS
A rare, fully renovated legal two-family residence in the heart of Long Island City, combining sophisticated design, modern technology, and exceptional versatility. Finished to a high standard throughout, the home features European white oak flooring, custom millwork and cabinetry, integrated LED lighting, a dramatic stone-slab electric fireplace, spa-inspired bathrooms with full-slab tile, smart home controls, and whole-house water filtration. Upgrades include Navien heating, energy-efficient split heating and cooling, and LOW-E windows. The fully finished basement is equally impressive, offering approximately 10-foot ceilings and two separate entrances, creating an expansive and highly flexible additional space. As a legal two-family, the property offers the option for rental income, multi-generational living, or an exceptional owner-occupied residence with a separate unit. Turnkey, meticulously renovated, and ideally positioned in Long Island City an outstanding opportunity for a buyer seeking luxury, flexibility, and location without compromise.

5142 35th Street, Long Island City
$2,150,000
1038219 MLS
Prime corner redevelopment site located in the Dutch Kills section of Long Island City. Excellent for end-users or developers.

39-49 29th Street, Long Island City
$380,000
1034252 MLS
Exceptional restaurant opportunity available in the heart of Long Island City. This fully built-out hotpot restaurant offers approximately 2,800 SF on the main floor, plus an additional 2,000 SF of basement space ideal for storage, prep, or private dining. The premises are equipped with a hard liquor license, modern infrastructure, and a layout designed for high-volume operations. The business demonstrates consistently high sales performance and benefits from a long lease term, providing both stability and future growth potential for a new operator. Surrounded by luxury residential towers, offices, and a dynamic population of young professionals, this location enjoys steady foot traffic and strong neighborhood demand for dining and nightlife options. This is a rare chance to step into a turnkey restaurant in one of New York’s fastest-growing waterfront communities. With its strong fundamentals and prime location, this opportunity is perfectly suited for an experienced restaurateur looking to establish or expand their presence in Long Island City.

47-30 Vernon Boulevard, Long Island City
$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
$5,380,000
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
$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
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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.