40-37 24 Street, Long Island City, NY 11101 (MLS # 884437)
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Prime Development & Investment Opportunity - 40-37 & 40-39 24th Street, Queens, NY Welcome to 40-37 24th Street, a well-maintained multi-family property that blends residential comfort with excellent connectivity. Each floor features three oversized bedrooms and two full bathrooms, highlighted by high ceilings on the second level, hardwood floors, and modern stainless-steel appliances. Separate electric and gas meters for each unit provide clear utility tracking and lower operating complexity. The property is move-in ready and located just minutes from multiple subway lines"”only a 10-minute ride to Manhattan. This asset can also be acquired as a package with the adjoining parcel at 40-39 24th Street, creating a combined lot of approximately 4,432 square feet. With M1-2/R5B/R6A zoning, the site offers significant residential or mixed-use redevelopment potential, supporting a buildable area of up to 13,296 square feet (subject to verification). The combined asking price for both properties is $3.7 million, offered as-is. Positioned in one of Queens' fastest-growing neighborhoods, the location provides rapid access to Manhattan and key transit hubs, making it an exceptional opportunity for developers, value-add investors, or long-term holders seeking strong appreciation potential. Contact us today to discuss this offering or to arrange a private tour.
| DAYS ON MARKET | 253 | LAST UPDATED | 7/1/2025 |
|---|---|---|---|
| YEAR BUILT | 1910 | COUNTY | Queens |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Ps 112 Dutch Kills |
|---|---|
| Jr. High School | Is 204 Oliver W Holmes |
| High School | Long Island City High School |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| CONSTRUCTION | Frame |
| HEAT | Baseboard |
| INTERIOR | Recessed Lighting |
| LOT | 2426 sq ft |
| SEWER | Public Sewer |
| TAXES | 6596.08 |
| UTILITIES | Natural Gas Available, Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected |
| WATER | Public |
MORTGAGE CALCULATOR
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