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Property 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 35 ft). The building is notably underbuilt relative to the lot size, creating compelling possibilities for repositioning or redevelopment. Property 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 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.
Full Property Details
Full Property Details for 34-09 37th Ave
General
- Price: $1,850,000
- Taxes: $8,124
- Status: Active
- Type: Multi-Family
- Source: REBNY
- MLS ID: RLS20074400
- Updated: 3/2/2026
- Added to Site: 1 day(s) ago
Interior
- Number of Rooms: 2
- Interior Features: Built-in Features, Crown Molding
- Furnishings: Unfurnished
Rooms
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Common On Floor, Common Area
Exterior
- Exterior Features: Private Outdoor Space Over 60 Sqft
Location
- County: Queens
- Subdivision: Long Island City
Structural Information
- Structure Type: House
- Stories/Levels: 1
- Square Feet: 1,100
- Living Area: 1,100 Sq. Ft.
- Year Built: 1901
Lot Features
- Lot Dimensions: 0.000000 x 0.000000
Financial Considerations
- Assoc Fee Freq.: Monthly
- Tax Amount: $8,124
Disclosures and Reports
- Block: 634
- Lot Number: 5
Listing Courtesy of Compass
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Schools
Schools serving 34-09 37th Ave
School District:New York City Geographic School District 30
| Name | Grades | Distance |
|---|---|---|
Ps 166 Henry Gradstein 33-09 35th Ave, Queens, NY 11106 | K-5 | 0.3 mi |
Is 204 Oliver W Holmes 36-41 28th St, Queens, NY 11106 | 6-8 | 0.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 34-09 37th Ave
Date
Details
Price
Change
Source
3/02/2026
Listed
$1,850,000
236.36%
MLS
10/31/2014
Sold
$550,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 34-09 37th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,233
6%
$40,992
-34%
2024
$7,768
6%
$62,460
71%
2023
$7,328
3%
$36,486
-49%
2022
$7,115
-3%
$71,760
—
2021
$7,373
2%
$71,880
12%
2020
$7,231
6%
$64,380
17%
2019
$6,822
15%
$55,140
81%
2017
$5,952
—
$30,405
4%
2017
$5,952
2%
$29,196
—
2016
$5,837
5%
$29,196
3%
2015
$5,566
14%
$28,467
6%
2014
$4,890
10%
$26,857
6%
2013
$4,429
—
$25,338
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 34-09 37th Ave
34-09 37th Avenue, Astoria, NY 11101 (MLS# RLS20074400) is a Multi-Family property with 1 unit containing 3 bedrooms and 0 full bathrooms. 34-09 37th Avenue is currently listed for $1,850,000 and was received on March 02, 2026. Want to learn more about 34-09 37th Avenue? Do you have questions about finding other Multi-Family real estate for sale in Astoria? You can browse all Astoria real estate or contact a Coldwell Banker agent to request more information.

