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23-03 40th Ave, Long Island City, NY 11101

Local realty services provided by:CENTURY 21 New West Properties
23-03 40th Ave,Long Island City, NY 11101
$2,300,000
  • 0.08 Acres
  • Lots / Land
  • Active
Listed by: xuxin chen
Office: e realty international corp
MLS#:932887
Source:OneKey MLS

Price summary

  • Price:$2,300,000

About this home

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.

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Home facts

  • Listing ID #:932887
  • Added:85 day(s) ago
  • Updated:January 30, 2026 at 06:28 PM

Structure and exterior

  • Lot area:0.08 Acres

Schools

  • High school:Long Island City High School
  • Middle school:Is 204 Oliver W Holmes
  • Elementary school:Ps 112 Dutch Kills

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,300,000
  • Tax amount:$26,800 (2025)
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