$2,300,000

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

Land
Built in ——
3,485sqft lot
—— car garage
$——/sqft
Listed 1 day ago

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.

Listing Status:: Active
Listing Office:: E Realty International Corp : 718-886-8110
MLS ID:: 932887

Originating MLS: onekey2
School District: Queens 30
County: Queens

Current Use: Industrial

Sewer: Public Sewer

Source: onekey2

This listing courtesy of E Realty International Corp

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Principal & Interest $
Property Taxes $
Home Insurance $
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