40-37 24th St Long Island City, NY 11101
Long Island City NeighborhoodEstimated payment $10,882/month
Total Views
559
6
Beds
4
Baths
1,610
Sq Ft
$1,180
Price per Sq Ft
Highlights
- Main Floor Bedroom
- 3-minute walk to 21 Street-Queensbridge
- Baseboard Heating
- Recessed Lighting
About This Home
This offering presents a rare opportunity to acquire a package deal that includes the adjacent property at 40-39 24th Street, resulting in a combined lot size of approximately 4,432 sq ft. Zoned M1-2/R5B/R6A, the site offers significant potential for residential or mixed-use development, with a possible buildable area of up to 13,296 sq ft. The asking price for both properties (40-37 & 40-39) is $3.7 million, and they are being sold as-is and without tenants.
Ideally located just minutes from multiple subway lines, the site provides quick and convenient access to Manhattan and other major hubs. Situated in one of Queens’ fastest-growing neighborhoods, this is a compelling opportunity for developers and investors. Submit your offer today.
Listing Agent
E Realty International Corp Brokerage Phone: 718-886-8110 License #10401385208 Listed on: 07/01/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,596
Year Built
- Built in 1910
Home Design
- Duplex
- Frame Construction
Bedrooms and Bathrooms
- 6 Bedrooms
- Main Floor Bedroom
- 4 Full Bathrooms
Schools
- Ps 112 Dutch Kills Elementary School
- Is 204 Oliver W Holmes Middle School
- Long Island City High School
Utilities
- Cooling System Mounted To A Wall/Window
- Baseboard Heating
Additional Features
- Recessed Lighting
- 2,425 Sq Ft Lot
Community Details
- 2 Units
Listing and Financial Details
- Legal Lot and Block 10 / 407
- Assessor Parcel Number 00407-0010
Map
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Home Values in the Area
Average Home Value in this Area
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 | $6,195 | $34,180 | $12,133 | $22,047 |
| 2024 | $6,207 | $32,246 | $12,422 | $19,824 |
| 2023 | $6,195 | $32,246 | $11,031 | $21,215 |
| 2022 | $6,092 | $78,780 | $26,580 | $52,200 |
| 2021 | $6,052 | $74,700 | $26,580 | $48,120 |
| 2020 | $5,733 | $67,800 | $26,580 | $41,220 |
| 2019 | $5,329 | $61,620 | $26,580 | $35,040 |
| 2018 | $5,180 | $26,872 | $16,465 | $10,407 |
| 2017 | $5,129 | $26,630 | $17,097 | $9,533 |
| 2016 | $4,715 | $26,630 | $17,097 | $9,533 |
| 2015 | $3,030 | $23,736 | $12,817 | $10,919 |
| 2014 | $3,030 | $22,394 | $14,520 | $7,874 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/01/2025 07/01/25 | For Sale | $1,900,000 | -- | $1,180 / Sq Ft |
Source: OneKey® MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- | |
| Deed | -- | -- | |
| Bargain Sale Deed | $195,000 | First American Title Ins Co | |
| Deed | $157,000 | Stewart Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $499,000 | Purchase Money Mortgage | |
| Previous Owner | $7,778 | New Conventional | |
| Previous Owner | $499,000 | No Value Available | |
| Previous Owner | $150,000 | No Value Available | |
| Previous Owner | $150,000 | No Value Available | |
| Previous Owner | $152,505 | FHA |
Source: Public Records
Similar Homes in the area
Source: OneKey® MLS
MLS Number: 884437
APN: 00407-0010
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The data relating to real estate for sale or lease on this web site comes in part from OneKey® MLS. Real estate listings held by brokerage firms other than Ten-X are marked with the OneKey® MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.
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