$1,399,000
PENDING

12-07 40th Ave Long Island City, NY 11101

Long Island City Neighborhood

Estimated payment $8,347/month

Total Views 295,818
5 Beds
5 Baths
2,736 Sq Ft
$511 Price per Sq Ft

About This Home

Prime Investment Opportunity in Long Island City. 12-07 40th Ave, is a multi-family property offering a blend of residential and commercial spaces in the Long Island City neighborhood. For cash flow or redevelopment.

Property Overview:

Building Size: 25 38

Lot Size: 25 100

Total of three Apartments (as currently configured potential to make 4)

Ground FloorCommercial Space/office

Large Private Garden

Updated Kitchens and Bathrooms (needs to be finished but looking good)

A spacious and versatile area on the ground floor - for various business ventures ie. restaurant, retail, cosmetologists etc (must change c of o)

Located in an up-and-coming neighborhood that's on the path of progress.

Long Island City is a dynamic neighborhood with easy access to Manhattan.

This property presents a unique opportunity for investors seeking both residential and commercial income streams. Could also be considered for complete redevelopment opportunity into multiple apartments. Contact us today to schedule a viewing of this property.

Listing Agent

Joshua Sloyer

Sloyer Real Estate Corp License #10991240058 Listed on: 02/25/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,440

Year Built

  • Built in 1901

Lot Details

  • 2,500 Sq Ft Lot
  • Lot Dimensions are 100.00x25.00

Interior Spaces

  • 2,736 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Utilities

  • No Cooling

Community Details

  • 4 Units
  • Long Island City Subdivision

Listing and Financial Details

  • Legal Lot and Block 0626 / 00472

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,440

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Long Island City
  • Entry Level: 1
  • Structure Type: Townhouse
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Interior Features: Smoke Free
  • Fireplace: No
  • Living Area: 2736.0
  • Living Area Units: Square Feet
  • Rooms (Total): 5
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 5
  • Bathrooms Integer: 5
  • Bedrooms: 5

Exterior Features

  • View: Other
  • View: No
  • Exterior Features: Private Outdoor Space Over 60 Sqft
  • Patio/Porch Features: None

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Other
  • Green Building Features: Green Building
  • Cooling: No

Condo/Co-op/Association

  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 2500.0
  • Lot Size Dimensions: 100.00x25.00

Rental Info

  • Land Lease: No

Building Info

  • New Construction: No
  • Units: 4
  • Total Stories: 3
  • Year Built: 1901

Tax Info

  • Tax Block: 00472
  • Tax Lot: 0626
  • Tax Annual: 7440.0

Multi Family

  • Building Area Units: Square Feet

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2025 07/10/25 Pending -- -- --
02/25/2025 02/25/25 For Sale $1,399,000 0.0% $511 / Sq Ft
01/30/2025 01/30/25 Price Changed $1,399,000 -6.7% $511 / Sq Ft
01/22/2025 01/22/25 Price Changed $1,500,000 +7.2% $548 / Sq Ft
01/22/2025 01/22/25 Price Changed $1,399,000 -6.7% $511 / Sq Ft
09/15/2023 09/15/23 For Sale $1,500,000 -- $548 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS20005251

Real Estate Board of New York (REBNY)

New York Queens County Long Island City 11101 Long Island City

12-07 40th Ave, Long Island City, NY

This home is located at 12-07 40th Ave, Long Island City, NY 11101 and is currently priced at $1,399,000, approximately $511 per square foot. This property was built in 1901. 12-07 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.

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Joshua Sloyer
Listing Agent
Joshua Sloyer
Section Image
Sloyer Real Estate Corp
(929) 429-2405