$1,399,000
$101K PRICE DROP

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

Long Island City Neighborhood

Estimated payment $8,334/month

Total Views 14,789,561
1 Bed
4 Baths
2,736 Sq Ft
$511 Price per Sq Ft

Highlights

  • Pre War Building
  • 4-minute walk to 21 Street-Queensbridge
  • Garden
  • Intercom
  • Patio

About This Home

Prime Investment Opportunity in Long Island City

12-07 40th Ave, is a multifamily property offering a blend of residential and commercial space.

Building will be delivered vacant.

- Building Size: 25 x 38

- Lot Size: 25 x 100

- Total of 3 Apartments (2 bed, 1 bed, studio configurations all possible)

- Ground Floor Commercial Space

- Private Garden

- Renovated Interiors

- Updated Kitchens and Bathrooms

- Versatile Commercial Space

- A spacious and versatile commercial area on the ground floor perfect for various business ventures, restaurant, retail, cosmetologists etc.

- Located in Long Island City, NY offers a dynamic community and easy access to Manhattan.

12-07 40th Ave presents a unique opportunity for investors seeking both residential and commercial income streams featuring updated interiors, a private garden, and a prime location. Contact us today to schedule a viewing.

Listing Agent

Joshua Sloyer

Sloyer Real Estate Corp License #10991240058 Listed on: 09/15/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,284

Year Built

  • Built in 1901

Lot Details

  • 2,500 Sq Ft Lot
  • Lot Dimensions are 25.00 x 100.00
  • Garden

Home Design

  • Pre War Building

Interior Spaces

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

Bedrooms and Bathrooms

  • 1 Bedroom
  • 4 Full Bathrooms

Outdoor Features

  • Patio

Community Details

  • Long Island City Subdivision

Listing and Financial Details

  • Legal Lot and Block 626 / 472

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,284

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Cross Street: 12th Street/13th Street
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Long Island City
  • Architectural Style: Prewar, Walk-Up
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Equipment (Other): Intercom
  • Living Area: 2736.0
  • Living Area Units: Square Feet
  • Rooms (Total): 5

Beds/Baths

  • Full Bathrooms: 4
  • Bathrooms Integer: 4
  • Bedrooms: 1

Exterior Features

  • Exterior Features: Garden
  • Patio/Porch Features: Patio

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: See Remarks

Condo/Co-op/Association

  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 2500.0
  • Lot Size Dimensions: 25.00 x 100.00

Building Info

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

Tax Info

  • Tax Block: 472
  • Tax Lot: 626
  • Tax Annual: 7284.0

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: RLS11012972

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
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Sloyer Real Estate Corp
(929) 822-6847