NOT LISTED FOR SALE

1111 40th Ave Long Island City, NY 11101

Long Island City Neighborhood

Estimated Value: $4,706,482

-- Bed
-- Bath
15,000 Sq Ft
$314/Sq Ft Est. Value

About This Home

This home is located at 1111 40th Ave, Long Island City, NY 11101 and is currently priced at $4,706,482, approximately $313 per square foot. 1111 40th Ave is a home located in Queens County with nearby schools including P.S. 111 - Jacob Blackwell, I.S. 204 Oliver W. Holmes, and Long Island City High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 12, 2021
Sold by
40 Ave Corner Llc
Bought by
1111 40Th Llc and Hhw Capital Llc
Current Estimated Value
$4,706,482

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,300,000
Outstanding Balance
$3,937,476
Interest Rate
3.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 17, 2019
Sold by
11-11 Lic Development Llc
Bought by
40 Ave Corner Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,685,000
Interest Rate
4.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 21, 2018
Sold by
Peachy Enterprise Llc
Bought by
11-11 Lic Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,000,000
Interest Rate
4.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 23, 2004
Sold by
11-11 40Th Assoc Llc
Bought by
Peachy Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,347,000
Interest Rate
6.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 26, 1999
Sold by
Lehan Properties Corp
Bought by
11-11 40Th Avenue Assoc Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.53%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 11, 1996
Sold by
Ianvil Associates Inc
Bought by
Lehan Properties Corp
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
1111 40Th Llc $4,500,000 --
1111 40Th Llc $4,500,000 --
40 Ave Corner Llc -- --
40 Ave Corner Llc -- --
11-11 Lic Development Llc $10,500,000 --
11-11 Lic Development Llc $10,500,000 --
Peachy Enterprises Llc $2,500,000 --
Peachy Enterprises Llc $2,500,000 --
11-11 40Th Avenue Assoc Llc -- First American Title Ins Co
11-11 40Th Avenue Assoc Llc -- First American Title Ins Co
Lehan Properties Corp $195,000 First American Title Ins Co
Lehan Properties Corp $195,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1111 40Th Llc $4,300,000
Closed 1111 40Th Llc $4,300,000
Previous Owner 40 Ave Corner Llc $1,685,000
Previous Owner 11-11 Lic Development Llc $8,000,000
Previous Owner Peachy Enterprises Llc $1,347,000
Previous Owner 11-11 40Th Avenue Assoc Llc $400,000
Source: Public Records

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $91,858 $896,130 $276,750 $619,380
2024 $91,858 $867,240 $249,750 $617,490
2023 $89,151 $841,680 $216,000 $625,680
2022 $76,124 $715,050 $303,750 $411,300
2021 $76,904 $734,400 $168,750 $565,650
2020 $87,786 $900,450 $168,750 $731,700
2019 $36,393 $728,100 $135,000 $593,100
2018 $65,178 $619,920 $90,000 $529,920
2017 $61,497 $584,910 $90,000 $494,910
2016 $58,546 $584,910 $90,000 $494,910
2015 $25,263 $604,890 $90,000 $514,890
2014 $25,263 $597,240 $90,000 $507,240
Source: Public Records

Map

New York Queens County Long Island City 11101 Long Island City

1111 40th Ave, Long Island City, NY

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