Check Availability
$3,900,000
House - For Sale

40-29 23rd Street

Long Island City, NY 11101
bedrooms
Studio
bathrooms
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
165 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

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Commercial
Loft
-
-
$2,650,000 Feb 1, 2021
$2,650,000 Jun 9, 2022
-
Commercial
Loft
-
-
$3,250,000 Dec 14, 2020
$3,250,000 Aug 11, 2021
-
Other
Loft
3 Baths
-
$4,500,000 Dec 4, 2019
$4,500,000 Jul 16, 2020
-
Townhouse
7 Beds
6 Baths
-
$3,880,000 Mar 4, 2015
$3,880,000 Aug 2, 2016
-
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
Commercial
Loft
-
-
$3,495,000 Jul 1, 2023
-
$5,747/mo
Commercial
Loft
-
-
$4,399,000 Mar 21, 2023
-
$888/mo
Condo
4 Beds
3 Baths
-
$3,850,000 Sep 12, 2023
-
$3,353/mo
Condo
3 Beds
4 Baths
-
$4,290,000 Jan 24, 2022
-
$8,328/mo
Condo
3 Beds
4 Baths
-
$4,375,000 Jul 27, 2023
-
$9,762/mo
Condo
3 Beds
3 Baths
-
$3,298,000 Aug 4, 2023
-
$2,198/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

40-29 23rd Street 40-29 23rd Street, Long Island City, NY 11101
  • 8 Units
  • 1 Unit for Sale
More about this Building
40-29 23rd Street
Want to find out who owns 40-29 23rd Street, Long Island City, NY 11101? Get detailed property transactions here .

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