Active For Sale • Multi Family

$1,399,000

$511 per sq ft

12-07 40th Avenue

Long Island City, Queens

MLS® #RLS11012972

Listing by Sloyer Real Estate Corp

1

Bedroom

4

Baths

2,736

Sq. Ft.

1901

Year Built

Quick Summary

Bedrooms 1

Bathrooms 4

Living Area 2,736 sq ft

Lot Size 2,500 sq ft

Year Built 1901

Ownership None

Property Taxes $7,284/yr

Neighborhood Long Island City

Property Highlights

• Outdoor Space: Patio
• Style: Prewar,WalkUp architecture
• Character: Pre-war building (1901)

Property Details

Type Multi Family

Ownership None

Total Rooms 5

Baths 4 Full

Pets Yes

Cross Street 12th Street/13th Street

Year Built 1901

Living Area 2,736 sq ft

Architectural Style Prewar,WalkUp

Lot Size 2,500 sq ft

Block/Lot 472/626

Description

Prime Investment Opportunity in Long Island City

12-07 40th Ave, is a multifamily property offering a blend of residential and commercial space.

Building will be delivered vacant.
- Building Size: 25 x 38
- Lot Size: 25 x 100
- Total of 3 Apartments (2 bed, 1 bed, studio configurations all possible)
- Ground Floor Commercial Space
- Private Garden
- Renovated Interiors
- Updated Kitchens and Bathrooms
- Versatile Commercial Space
- A spacious and versatile commercial area on the ground floor perfect for various business ventures, restaurant, retail, cosmetologists etc.

- Located in Long Island City, NY offers a dynamic community and easy access to Manhattan.

12-07 40th Ave presents a unique opportunity for investors seeking both residential and commercial income streams featuring updated interiors, a private garden, and a prime location. Contact us today to schedule a viewing.

Features & Amenities

Interior Features

See Remarks

Exterior Features

Garden Private Outdoor Space Under60 Sqft Patio

Building Information

Stories 3

Style Prewar,WalkUp

Financial Details

RE Taxes $7,284/yr ($607/mo)

Original Price $1,500,000

Previous Price $1,500,000

About Long Island City

View All Long Island City Listings

Long Island City (LIC) is one of New York’s fastest-growing residential neighborhoods, offering a modern urban lifestyle just one stop from Manhattan. Famous for its stunning waterfront parks and the iconic Pepsi-Cola sign, LIC is a hub for contemporary art and luxury living. The real estate market is dominated by sleek, new construction glass towers that offer world-class amenities and breathtaking, unobstructed views of the Manhattan skyline.

Long Island City Live Market Data

View Neighborhood

Active Listings

132

Median Asking Price

$1.19M

Median $/Sqft

$1,541

Avg Days on Market

N/A

New This Week

9

Price Reduced

10%

Sold (30 Days)

9

Median Sale Price

$1.25M

Live data from RLS at REBNY • Updated 3/11/26, 5:01 PM EST

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Location

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12-07 40th Avenue, Long Island City, Queens County • Near 12th Street/13th Street

NYC Zoning • Google Maps • Street View

Floor Plans

Data Sources & Methodology

Listing Data

RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.

Market Data

RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.

Map & Location

OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.

All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.

MLS® ID: RLS11012972

First Listed: 10/1/2024

On Market: 9/15/2023

Price Changed: 1/29/2025

Contract Date: 9/15/2023

Listing Courtesy of Sloyer Real Estate Corp - Joshua R Sloyer

Listing Contact: (212) 960-3437

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

RLS Data display by Keller Williams NYC. Data last updated on 3/11/2026 at 9:01 PM UTC