Under Contract – Backup offers may be accepted
12-07 40TH Avenue
MLS® #RLS20005251
Listing by Sloyer Real Estate Corp
5
Bedrooms
5
Baths
2,736
Sq. Ft.
1901
Year Built
Quick Summary
Property Highlights
- Views: Other
- Character: Pre-war building (1901)
Property Details
Description
Prime Investment Opportunity in Long Island City. 12-07 40th Ave, is a multi-family property offering a blend of residential and commercial spaces in the Long Island City neighborhood. For cash flow or redevelopment.
Property Overview:
Building Size: 25 38
Lot Size: 25 100
Total of three Apartments (as currently configured potential to make 4)
Ground FloorCommercial Space/office
Large Private Garden
Updated Kitchens and Bathrooms (needs to be finished but looking good)
A spacious and versatile area on the ground floor - for various business ventures ie. restaurant, retail, cosmetologists etc (must change c of o)
Located in an up-and-coming neighborhood that's on the path of progress.
Long Island City is a dynamic neighborhood with easy access to Manhattan.
This property presents a unique opportunity for investors seeking both residential and commercial income streams. Could also be considered for complete redevelopment opportunity into multiple apartments. Contact us today to schedule a viewing of this property.
Features & Amenities
Interior Features
Exterior Features
Building Amenities
Building Information
Financial Details
About Long Island City
View All Long Island City ListingsLong 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 NeighborhoodActive Listings
124
Median Asking Price
$1.19M
Median $/Sqft
$1,540
Avg Days on Market
N/A
New This Week
8
Price Reduced
11%
Sold (30 Days)
9
Median Sale Price
$1.23M
Live data from RLS at REBNY • Updated 3/2/26, 8:42 AM EST
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Location
12-07 40TH Avenue, Long Island City, Queens County
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.
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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 3/2/2026 at 1:42 PM UTC