23-03 40th Ave Ave, Long Island City, NY 11101 (MLS # 932887)
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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.
| DAYS ON MARKET | 2 | LAST UPDATED | 11/6/2025 |
|---|---|---|---|
| YEAR BUILT | 0 | COUNTY | Queens |
| STATUS | Active | PROPERTY TYPE(S) | Lot/Land/Acreage |
| Elementary School | Ps 112 Dutch Kills |
|---|---|
| Jr. High School | Is 204 Oliver W Holmes |
| High School | Long Island City High School |
| ADDITIONAL DETAILS | |
| LOT | 3485 sq ft |
|---|---|
| SEWER | Public Sewer |
| TAXES | 26800 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with E Realty International Corp
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