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$1,500,000
↓ $100K (6.3%)
●
House -
For Sale
12-07 40th Avenue #MULTI
Queens, NY 11101
4 Beds
5 Baths
2736 Sqft
$7,973
Estimated Monthly
$0
HOA / Fees
10.51%
Cap Rate
About This Property
Prime Investment Opportunity in Long Island City
Welcome to 12-07 40th Ave, a fantastic property offering a blend of residential and commercial spaces in the vibrant Long Island City neighborhood.
Property Overview:
- Building Size: 25 x 38
- Lot Size: 25 x 100
- Total of 4 Studio Apartments
- Ground Floor Commercial Space
- Private Garden
- Renovated Interiors
- Updated Kitchens and Bathrooms
- Modern amenities for the comfort of your residents
- Versatile Commercial Space
- A spacious and versatile commercial area on the ground floor.
- Perfect for various business ventures, restaurant, retail, cosmetologists etc. offering excellent visibility and foot traffic.
- Private Garden:
- A serene private garden space, providing a peaceful retreat for potential tenants.
- Great Location:
- Nestled in an up-and-coming neighborhood that's on the path of progress.
- Long Island City, NY offers a thriving community and easy access to Manhattan.
This property presents a unique opportunity for investors seeking both residential and commercial income streams. With updated interiors, a private garden, and a prime location, 12-07 40th Ave is a promising investment in an exciting neighborhood.
Don't miss out on the chance to be a part of the dynamic Long Island City real estate market. Contact us today to schedule a viewing and explore the potential of this property.
This co-exclusive listing with Greiner-Maltz boasts numerous features that make it an exceptional investment.
Welcome to 12-07 40th Ave, a fantastic property offering a blend of residential and commercial spaces in the vibrant Long Island City neighborhood.
Property Overview:
- Building Size: 25 x 38
- Lot Size: 25 x 100
- Total of 4 Studio Apartments
- Ground Floor Commercial Space
- Private Garden
- Renovated Interiors
- Updated Kitchens and Bathrooms
- Modern amenities for the comfort of your residents
- Versatile Commercial Space
- A spacious and versatile commercial area on the ground floor.
- Perfect for various business ventures, restaurant, retail, cosmetologists etc. offering excellent visibility and foot traffic.
- Private Garden:
- A serene private garden space, providing a peaceful retreat for potential tenants.
- Great Location:
- Nestled in an up-and-coming neighborhood that's on the path of progress.
- Long Island City, NY offers a thriving community and easy access to Manhattan.
This property presents a unique opportunity for investors seeking both residential and commercial income streams. With updated interiors, a private garden, and a prime location, 12-07 40th Ave is a promising investment in an exciting neighborhood.
Don't miss out on the chance to be a part of the dynamic Long Island City real estate market. Contact us today to schedule a viewing and explore the potential of this property.
This co-exclusive listing with Greiner-Maltz boasts numerous features that make it an exceptional investment.
Unit Size
2,736Ft²
Days on Market
226 days
Land Size
-
Price per sqft
$548
Property Type
House
Property Taxes
$607
HOA Dues
-
Year Built
1901
Listed By
Last updated: 7 days ago (RLS #COMP-1404297668543746529)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 14, 2024 | Price Decreased |
$1,500,000
↓ $100K
(6.3%)
|
|
| Price Decreased | |||
| Feb 8, 2024 | Price Decreased |
$1,600,000
↓ $190K
(10.6%)
|
|
| Price Decreased | |||
| Sep 15, 2023 | Listed by Compass | $1,790,000 | |
| Listed by Compass | |||
Property Highlights
Parking Details
Parking Features: On Street
Interior Details
Bedroom Information
Bedrooms: 4
Bathroom Information
Full Bathrooms: 5
Interior Information
Living Area: 2736
Room Information
Laundry Features: See Remarks
Rooms: 10
Exterior Details
Property Information
Year Built: 1901
Building Information
Pets Allowed: Building No, Cats O K, Dogs O K
Lot Information
Lot Size Dimensions: 25.000000x100.000000
Land Information
Tax Lot: 0626
Tax Block: 00472
Financial Details
Tax Annual Amount: $7,284
Location Details
Subdivision Name: Long Island City
Stories Total: 2
Association Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
House
4
Beds
3
Baths
3,050 ft²
$492/ft²
$1,500,000
Mar 11, 2021
$1,500,000
Jul 28, 2021
-
Condo
3
Beds
2
Baths
1,317 ft²
$1,196/ft²
$1,575,000
May 29, 2015
$1,575,000
Apr 5, 2017
$668/mo
Condo
3
Beds
2
Baths
1,317 ft²
$1,207/ft²
$1,590,000
Feb 14, 2022
$1,590,000
May 10, 2022
$908/mo
Condo
3
Beds
2
Baths
1,317 ft²
$1,131/ft²
$1,490,000
Mar 28, 2022
$1,490,000
Aug 11, 2022
$861/mo
Active
Co-op
3
Beds
2
Baths
1,859 ft²
$888/ft²
$1,650,000
Feb 5, 2024
-
$2,199/mo
In Contract
Co-op
3
Beds
3
Baths
1,859 ft²
$804/ft²
$1,495,000
Aug 20, 2021
-
$2,199/mo
In Contract
Co-op
3
Beds
2
Baths
1,767 ft²
$840/ft²
$1,485,000
Dec 13, 2021
-
-
Active
Co-op
3
Beds
2
Baths
1,587 ft²
$1,166/ft²
$1,850,000
Jul 17, 2023
-
$2,042/mo
Active
Co-op
3
Beds
2
Baths
1,494 ft²
$937/ft²
$1,400,000
Apr 11, 2022
-
$1,656/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|
Building Info
12-7 40th Avenue
12-7 40th Avenue, Long Island City, NY 11101
- 3 Units
- 1 Unit for Sale
About Northwestern Queens
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Nearby Rentals
Listed by: Joshua Sloyer
Listing Courtesy of Compass
Last Updated: 7 days ago
Last Checked: 8 minutes ago
Data Source: REBNY (©2024 Real Estate Board of New York)
The information is being provided by REBNY Listing Service, Inc. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 REBNY Listing Service, Inc. All rights reserved. RLS Data display by RH Advisors.
Listing Courtesy of Compass
Last Updated: 7 days ago
Last Checked: 8 minutes ago
Data Source: REBNY (©2024 Real Estate Board of New York)
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc.
