Nicholas Ramsingh
Call: (347) 429-2821
Text: (347) 429-2821
LOT SIZE 0.080 acres
MLS#932887
STATUSActive
PROPERTY TYPELand - Commercial
SCHOOLQueens 30
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.
Property Features
Property Type: Land - Commercial
Lot Size: 0.08 Acres
Taxes: $26,800
Feature Descriptions
Current Use: Industrial
Days on Site: 123
On Market Date: 2025-11-06
Rental Term: Monthly
Seller Concession: Yes
Sewer: Public Sewer
Local Schools
High School: Long Island City High School
Middle School: Is 204 Oliver W Holmes
Elementary School: Ps 112 Dutch Kills
School District: Queens 30
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Estimated Payment
$ 8,022.97 per month $5,118.80 Principal & Interest $2,233.33 Property Tax $670.83 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: E Realty International Corp
Agency Contact: 718-886-8110
Shown By
Agent Name: Nicholas Ramsingh
Agent Phone: (347) 429-2821
Agency Title: Laffey Real Estate
23-03 40th Ave | MLS# 932887
This land located at 23-03 40th Ave, Long Island City, NY 11101 is currently listed for sale with an asking price of $2,300,000. The property has approximately 0.08 Acres. 23-03 40th Ave is located within the Queens 30 school district. Search Long Island City real estate on nicholasramsingh.laffey.com today.