Prime Investment Opportunity in Long Island City, NY – 3-Family Property with Endless Potential!
Located in the heart of Long Island City, this rare three-family property features two separate homes on one lot—offering a single-family home and a two-family home, both with basements for additional space.
Currently tenant-occupied, interior access is limited, and the buyer may need to purchase with tenants in place. While the property requires work, it presents a tremendous upside for investors or end-users looking to renovate and maximize value.
Situated in one of NYC’s fastest-growing neighborhoods, this property offers incredible potential for rental income, redevelopment, or long-term appreciation. Conveniently located near transportation, shops, restaurants, and major highways, this is an opportunity you don’t want to miss!
Contact for details and viewing arrangements.
Pending
$1,100,000
2123 33rd Avenue, Long Island City, NY 11106
--beds
--baths
2,938sqft
Triplex, Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$374/sqft
$-- HOA
What's special
Basements for additional space
- 71 days |
- 101 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Compass Greater NY LLC 516-517-4866,
Jagmeet S. Bedi 646-643-2334,
Jorge A. Garcia SFR 516-585-0828,
Compass Greater NY LLC
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 978854
Facts & features
Interior
Heating
- Natural Gas
Cooling
- None
Features
- First Floor Bedroom, First Floor Full Bath
- Basement: Finished
Interior area
- Total structure area: 2,938
- Total interior livable area: 2,938 sqft
Property
Parking
- Parking features: Open
Lot
- Size: 2,521 Square Feet
Details
- Parcel number: 005550006
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
- Attached to another structure: Yes
Materials
- Frame
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected
Community & HOA
Location
- Region: Astoria
Financial & listing details
- Price per square foot: $374/sqft
- Tax assessed value: $74,700
- Annual tax amount: $7,947
- Date on market: 5/18/2026
- Cumulative days on market: 391 days
- Listing agreement: Exclusive Right To Sell
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/29/2026 | Pending sale | $1,100,000$374/sqft |
Source:  OneKey® MLS as distributed by MLS GRID #978854 Report a problem | ||
| 5/18/2026 | Listed for sale | $1,100,000-21.4%$374/sqft |
Source: OneKey® MLS as distributed by MLS GRID #978854 Report a problem | ||
| 1/25/2026 | Listing removed | $1,400,000$477/sqft |
Source: OneKey® MLS as distributed by MLS GRID #833825 Report a problem | ||
| 9/12/2025 | Price change | $1,400,000-6.7%$477/sqft |
Source: OneKey® MLS as distributed by MLS GRID #833825 Report a problem | ||
| 7/28/2025 | Price change | $1,500,000-6.2%$511/sqft |
Source: OneKey® MLS as distributed by MLS GRID #833825 Report a problem | ||
| 5/23/2025 | Price change | $1,599,000-11.2%$544/sqft |
Source: OneKey® MLS as distributed by MLS GRID #833825 Report a problem | ||
| 3/11/2025 | Listed for sale | $1,800,000+900%$613/sqft |
Source: OneKey® MLS as distributed by MLS GRID #833825 Report a problem | ||
| 12/20/1996 | Sold | $180,000-26.2%$61/sqft |
Source: Public Record Report a problem | ||
| 6/21/1995 | Sold | $244,000$83/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $78,960 +5.7% |
| 2024 | -- | $74,700 -1.3% |
| 2023 | -- | $75,720 +20.1% |
| 2022 | -- | $63,060 +5.8% |
| 2021 | -- | $59,580 +16.3% |
| 2020 | $6,980 | $51,240 +16.8% |
| 2019 | $6,980 +2% | $43,860 +34% |
| 2018 | $6,846 +8.8% | $32,727 +6% |
| 2017 | $6,294 +8.1% | $30,875 +6% |
| 2016 | $5,823 | $29,128 +6% |
| 2015 | $5,823 +58.7% | $27,480 |
| 2014 | $3,669 | $27,480 |
| 2013 | -- | $27,480 +2.3% |
| 2012 | -- | $26,872 +1.2% |
| 2011 | -- | $26,547 +6% |
| 2010 | -- | $25,048 +6% |
| 2009 | -- | $23,638 |
| 2008 | -- | $23,638 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Astoria
Nearby schools
GreatSchools rating
- 9/10Ps 166 Henry GradsteinGrades: PK-5Distance: 0.6 mi
- 8/10Is 204 Oliver W HolmesGrades: 6-8Distance: 0.5 mi
- 3/10Long Island City High SchoolGrades: 9-12Distance: 0.1 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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