40-39 24th St Long Island City, NY 11101
Long Island City NeighborhoodEstimated payment $9,967/month
Total Views
459
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Bed
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Bath
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Price per Sq Ft
About This Home
This offering presents a rare opportunity to acquire a package deal that includes the adjacent property at 40-37 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.
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.
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
- $2,821
Year Built
- Built in 1910
Home Design
- Duplex
- Frame Construction
Bedrooms and Bathrooms
- Main Floor Bedroom
Utilities
- Cooling System Mounted To A Wall/Window
- Radiant Heating System
Community Details
- 2 Units
Listing and Financial Details
- Legal Lot and Block 9 / 407
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 | $2,520 | $34,655 | $8,866 | $25,789 |
| 2024 | $2,624 | $32,695 | $8,703 | $23,992 |
| 2023 | $2,520 | $32,695 | $9,341 | $23,354 |
| 2022 | $2,549 | $76,440 | $21,720 | $54,720 |
| 2021 | $2,562 | $74,100 | $21,720 | $52,380 |
| 2020 | $5,817 | $68,820 | $21,720 | $47,100 |
| 2019 | $5,407 | $58,920 | $21,720 | $37,200 |
| 2018 | $5,256 | $27,246 | $14,273 | $12,973 |
| 2017 | $5,205 | $27,003 | $15,155 | $11,848 |
| 2016 | $4,790 | $27,003 | $15,155 | $11,848 |
| 2015 | $2,853 | $24,066 | $12,183 | $11,883 |
| 2014 | $2,853 | $22,705 | $13,793 | $8,912 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/01/2025 07/01/25 | For Sale | $1,800,000 | -- | -- |
Source: OneKey® MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Bargain Sale Deed | $250,500 | Fidelity National Title Ins | |
| Bargain Sale Deed | $250,500 | Fidelity National Title Ins | |
| Bargain Sale Deed | $210,000 | -- | |
| Bargain Sale Deed | $210,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $900,000 | No Value Available | |
| Closed | $329,000 | No Value Available | |
| Previous Owner | $280,500 | No Value Available | |
| Previous Owner | $248,100 | FHA |
Source: Public Records
Similar Homes in Long Island City, NY
Source: OneKey® MLS
MLS Number: 884410
APN: 00407-0009
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