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Map
$3,900,000
●
House -
For Sale
40-29 23rd Street
Long Island City, NY 11101
Studio
0 Bath
$20,765
Estimated Monthly
$0
HOA / Fees
0.51%
Cap Rate
About This Property
Welcome to a gem in the heart of Long Island City! This turnkey,
90% free market, investment property offers a unique opportunity to
own a fully leased, recently renovated 8-unit multi-family
building. With tenants already in place, you can start generating
income from day one. All eight units are currently leased,
providing a stable and consistent income stream for savvy
investors. Benefit from the immediate returns of a property that is
not only well-maintained but also in high demand in the thriving
Long Island City rental market. Seize this opportunity to own a
prime piece of Long Island City real estate.
HIGHLIGHTS: ? Modern interior appliances and equipment ? All
units are free market except for unit #6 (rent controlled) ?
Located near Ed Koch Bridge and Queens & Queensboro Plaza station ?
Close to retail corridor of Long Island City ? Easy access to
N/W/R/E/7/M/F ? Protected Tax Class (2B) ? Significant upside
value. Featured Commercial Sales.
Unit Size
-
Days on Market
168 days
Land Size
0.05 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,615
HOA Dues
-
Year Built
1940
Listed By
Last updated: 5 months ago (OneKey MLS #ONE3516491)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 14, 2023 | Listed by NY Space Finders Inc | $3,900,000 | |
| Listed by NY Space Finders Inc | |||
Property Highlights
Exterior Details
Property Information
Square Footage : 6020
Property Type: Commercial Sale
Property Sub Type: Mixed Use
Year Built: 1940
Building Information
Building Area Units: Square Feet
Lot Information
Lot Size Acres: 0.05
Lot Size Square Feet: 2146
Lot Size Dimensions: 25x85.83
Financial Details
Tax Annual Amount: $19,382
Location Details
Directions: Between 40th and 41st Ave in Long Island City
County or Parish: Queens
Other Details
On Market Date: 2023-11-14
Building Info
Overview
Building
Neighborhood
Zoning
Geography
40-29 23rd Street
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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
Condo
4
Beds
4
Baths
-
$3,565,000
Jun 10, 2022
$3,565,000
Nov 30, 2022
$3,943/mo
Co-op
5
Beds
4
Baths
3,300 ft²
$1,000/ft²
$3,300,000
Jun 5, 2019
$3,300,000
Nov 22, 2019
$6,903/mo
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Nearby Rentals
Last Updated: 5 months ago
Data Source: OneKey MLS
Data Source: OneKey MLS
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc.
