$1,500,000
Updated 2 years ago
Off Market

12-07 40th Ave

Long Island City, Queens | 12th Street & 13th Street

5 Rooms1 Bed4 Baths2,736 Square FeetMixed Use

$1,500,000
floors / apts3 / 3
Lot Size25'x100'
Built Size25'x38'
ZoneR6
Building TypeLow-Rise
RE Taxes$7,284
Price Per SF
$548

Outdoor space and views

  • Backyard
  • Garden
  • Patio

Building Amenities

  • Voice Intercom
  • Garden

Property Description for 12-07 40th Ave

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.

Building Details for 12-07 40th Ave

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1901
Floors/Apts3/3
Learn More About the Building

Transit and Citi Bike

Subway

21 St-Queensbridge
0.11 miles
Queensboro Plaza
0.38 miles

Citi Bike

40 Ave & 9 St
0.18 miles
21 St & Queens Plaza N
0.18 miles

Contact Agent

Contact Agent

Joshua Sloyer
Sloyer Real Estate

Long Island City | Queens

Quick Profile

Long Island City, the name does sound a little far away, like it requires a lengthy drive to get to. Think, again. Long Island City, also known as LIC, is nestled in the western corner of Queens along the East River. Midtown Manhattan is closer to Long Island City than it is to downtown Manhattan.

 LIC is bordered by Sunnyside to the east, the East River to the west, Astoria to the north, and Newton Creek which separates Queens from Greenpoint Brooklyn to the south. 

 A once-shabby manufacturing epicenter, the neighborhood is a mix of industrial, commercial and residential. In recent years it’s seen a rise in some seriously cool factors. Populated by young professionals, multi-ethnic immigrants, and hipsters, LIC has a happening nightlife scene, fantastic restaurants (some of them Michelin starred), art museums and galleries. Much of the waterfront access has been redeveloped into sustainable public green spaces with modern design.  

 Although much of the industrial / manufacturing companies have since left LIC, many still reside there. They tend to co-exist with new residential building development the same way they do in other neighborhoods like Williamsburg and Greenpoint.

 Office building developers and business tenants play a vital role in LIC too. It’s considered New York City’s fourth central business district next to Midtown, downtown Manhattan and downtown Brooklyn.

 As you traverse the streets of LIC, you’ll notice the change from block to block. Industrial warehouses on one block, a bustling Main Street, followed by a park block with sleek luxury high-rise buildings. It’s all part of the LIC vibe.

 For a small neighborhood, the transportation links are excellent. For starters, you just can’t beat living one subway stop from Manhattan (7 train). Other train lines include E, M, R, N, Q, and the G lines. There are also less conventional methods of transportation like the NYC Ferry, which offers three ferry landings. There is no shortage of CitiBike’s in LIC either. Many folks commute to work by way of cycling over the Queensboro Bridge.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 92592TH