12-07 40th Avenue
Long Island City, New York
$1,399,000 Price
3 Bedrooms   2.0 Baths

12-07 40th Avenue, Long Island City, New York

  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...

  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.  

Courtesy of Sloyer Real Estate Corp

Floorplan for 12-07 40th Avenue

Floorplan for 12-07 40th Avenue

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

New Listing
Long Island City, New York
Type: House
Price: $1,399,000
Re Tax: $7,284
Date Listed: 2/25/2025
Last Updated: 3/10/2025
Web ID: 1107759700

Info & Amenities

Type: Single Family
Rooms: 5.0
Bedrooms: 3
Bathrooms: 2.0
Built: 1901
Pets allowed: Yes

Map of Area for 12-07 40TH Avenue

Get to Know Long Island City

Long Island City (LIC), nestled along the East River in Queens, New York, offers a unique blend of industrial charm and modern living. Its stunning skyline views of Manhattan make it a sought-after destination for both residents and visitors. LIC boasts a thriving arts scene, with museums like MoMA PS1 and the Sculpture Center, making it a hub for creative minds. The neighborhood also offers a range of parks, waterfront promenades, and cultural events throughout the year.

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