There probably are, but they are going to be really hard to find. I think Long Island city has a lot of residents and the demand in cities is always high when it comes to apartments. I think it would be best if you just looked for a place to buy, or a place to rent. It really only depends on how long you want to be there.
Zach | http://www.ucciproperties.com/apartments-for-rent/Gaylord-Apartments-3899... more
This is a common scenario. There are some things you need to investigate beforehand - whether the condo allows for the units to be rented, the taxes and insurance for investment properties in the area you are looking, and whether or not you can acquire financing on the condo. Also make sure that there are no current liens against the property or the condo complex.... more