23-03 40th Ave new Save Request In-Person Tour Request Virtual Tour
Long Island City,NY 11101
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 932887
Annual Tax Amount $26,800
Lot Size 3,484 Sqft
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
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
Special Listing Condition None