5
See all 5 photos
$2,300,000
Est. payment /mo
3,484 Sqft Lot
New
23-03 40th Ave Long Island City, NY 11101
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 932887
Rental Info No
Annual Tax Amount $26,800
Lot Size 3,484 Sqft
Acres 0.08
Source onekey2
Property Description
23-03 40th Ave presents a compelling opportunity for investors and developers to unlock value in a rapidly evolving Queens submarket. With M1-2, R5D zoning and a sizable lot footprint, the property is well-suited for redevelopment into multifamily housing or a mixed-use concept that aligns with the neighborhood's growth trajectory. Its proximity to major transit lines and local amenities enhances its appeal for future residents and tenants. This is a strategic acquisition for those seeking to build or reposition in a high-demand, low-supply corridor. The property with tenant pay for $8000/monthly, the lease end on 09/30/2026.
Location
State NY
County Queens
Interior
Fireplace No
Building
Sewer Public Sewer
Schools
Elementary Schools Ps 112 Dutch Kills
Middle Schools Is 204 Oliver W Holmes
High Schools Queens 30
School District Queens 30
Others
Senior Community No
Special Listing Condition None
Listed by E Realty International Corp • Xuxin Chen
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