Prices for multi-family homes in Long Island City generally range from around $1.5 million to over $5 million. The price varies based on factors like the size of the property, the number of units, and the condition of the building.

Multi-family homes in Long Island City can include a variety of building types such as converted brownstones, modern apartment buildings, and mixed-use properties. You might find structures with 2 to 10+ units, including duplexes, triplexes, and larger buildings.

Rental incomes can vary based on the number of units, their size, and their condition. Generally, multi-family homes in Long Island City can generate significant rental income due to the neighborhood's high demand and proximity to Manhattan. Monthly rents for individual units typically range from $2,500 to $5,000 or more.

Managing a multi-family home in Long Island City can involve dealing with tenant needs, property maintenance, and local regulations. Property owners often hire professional property management companies to handle these tasks, ensuring compliance with building codes and rental laws.

Long Island City is considered a strong area for multi-family investments due to its rapid development, growing population, and proximity to Manhattan. The neighborhood features a mix of residential, commercial, and industrial spaces, and has seen significant growth in infrastructure and amenities, making it attractive for investors.