$1,750,000

Estimated payment $10,326/month

-- Beds
-- Baths
3,216 Sq Ft
$544 Price per Sq Ft

Highlights

  • Central Air
  • Heating Available
  • 3-minute walk to Van Alst Playground
  • I.S. 126Q Albert Shanker School Community School Rated A-

About This Home

14-45 40th Drive – Long Island City

Fully updated two-family home located in the heart of Long Island City/Astoria. The property is currently tenant occupied and offers two spacious units with modern finishes. Both apartments feature kitchen/living room combinations, dishwashers, in-unit laundry, and separate utilities paid by the tenants, providing low operating expenses for ownership.

Layout: The first-floor unit is a spacious 3-bedroom, 3-bathroom duplex with direct access to a large private backyard. The second-floor unit features 3 bedrooms and 2 bathrooms. Both units offer functional layouts with kitchen/living room combinations, dishwashers, and in-unit laundry.

Conveniently located near transportation, shopping, restaurants, and neighborhood amenities. An excellent opportunity to own a fully updated, income-producing two-family property in a prime LIC/Astoria location.

That gives you the same selling points without making promises about future appreciation or investment returns.

One thing I would verify before putting it live: make sure the legal use/CO supports the advertised two-family configuration and bedroom/bathroom counts, especially the duplex. Featured Residential Sales.

Listing Agent

Rocco Pasquariello

NY Space Finders Inc Brokerage Phone: 718-440-8162 License #10401361255 Listed on: 09/08/2026

Co-Listing Agent

Luca DiCiero

NY Space Finders Inc Brokerage Phone: 718-440-8162 License #10311202240

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,034

Year Built

  • Built in 1905

Lot Details

  • 3,794 Sq Ft Lot

Home Design

  • Triplex
  • Brick Exterior Construction

Schools

  • Ps 17 Henry David Thoreau Elementary School
  • Is 141 Steinway Middle School
  • Long Island City High School

Utilities

  • Central Air
  • Heating Available
  • Separate Meters
  • Natural Gas Connected

Additional Features

  • Finished Basement

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 00535-0002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,034

Year Built

Built in 1905

Lot Details

3,794 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property SubType: Triplex
  • Year Built: 1905
  • Attribution Contact: 718-440-8162
  • Co List Office Mls Id: KEYNYSP01
  • Co List Office Phone: 718-440-8162
  • Carport Y N: No
  • CurrentPrice: 1750000.00
  • MlsMajorChangeType: New Listing
  • ListPrice_By_OriginalListPrice: 1.00000
  • ListPrice_By_LotSizeAcres: 20091848.4501
  • CurrentPrice_By_BuildingAreaTotal: 544.15423
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Other
  • Basement: Finished
  • Basement YN: Yes

Exterior Features

  • Construction Materials: Brick
  • Waterfront: No

Garage/Parking

  • Garage: No
  • Parking Description: None

Utilities

  • Cooling: Central Air, Separate Meters
  • Heating: Ducts, Separate Meters, Other
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Is 141 Steinway (The)

Lot Info

  • Lot Size Acres: 0.0871
  • Lot Size Sq Ft: 3794
  • Parcel Number: 00535-0002
  • Property Attached: No

Multi Family

  • Units Total: 2

Tax Info

  • Tax Annual Amount: 8034.12
  • Tax Year: 2025

MLS Schools

  • Elementary School: Ps 17 Henry David Thoreau
  • High School: Long Island City High School
  • Middle School District: Queens 30

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $8,232 $41,016 $4,289 $36,727
2025 $7,772 $40,988 $4,634 $36,354
2024 $7,772 $38,695 $5,243 $33,452
2023 $7,707 $38,372 $4,493 $33,879
2022 $7,231 $90,900 $12,780 $78,120
2021 $7,193 $97,260 $12,780 $84,480
2020 $7,230 $95,580 $12,780 $82,800
2019 $6,746 $81,840 $12,780 $69,060
2018 $6,518 $31,977 $6,186 $25,791
2017 $6,153 $30,184 $8,006 $22,178
2016 $5,384 $30,184 $8,006 $22,178
2015 $3,215 $28,464 $10,114 $18,350
2014 $3,215 $26,872 $9,548 $17,324
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/08/2026 09/08/26 For Sale $1,750,000 -- $544 / Sq Ft
Source: OneKey® MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Deed -- --
Deed $975,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $682,500 Purchase Money Mortgage
Closed $856,000 Reverse Mortgage Home Equity Conversion Mortgage
Source: Public Records

About the Listing Agent

Rocco Pasquariello

NY Space Finders Inc

(929) 684-0566

Section Image

Rocco is an Astoria native and has practiced real estate throughout New York City. While finding his clients the perfect place to live, he also is a property manager throughout Astoria.

He prides himself on the rapport he builds with his clients and makes sure they receive a personable experience with him. Rocco is full-time Realtor with a lot of experience and ready to assist you with your next real estate transaction.

Born and raised in New York, Rocco’s vast knowledge of the

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Source: OneKey® MLS

MLS Number: 1047874

OneKey® MLS

APN: 00535-0002

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