23-03 40th Avenue

Long Island City

$2,300,000
Price
3,500 / 0.08
Lot Size / Acres
an aerial view of a house with swimming pool
an outdoor space view with sitting space
a view of a street with cars
a white and white photo of a book

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...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.
  1. Listed by Xuxin Chen • E Realty International Corp
    P: (718)-886-8110 C: (929)-615-2828 sunriseglobalrealty88@gmail.com

Property Details for 23-03 40th Avenue

City/Township
New York
LISTING UPDATED: 11/07/2025 02:14 AM

Property Details for 23-03 40th Avenue

StatusActive
MLS ID932887
Days on Market38
Taxes$26,800 / year
Maintenance-
Min. Down Pymt-
Total Rooms0.0
Compass TypeLand
MLS TypeHouse/Building
Year Built-
Lot Size3,500 SF
CountyQueens County

Location

Listing Courtesy of E Realty International Corp
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Building Information for 23-03 40th Avenue

Lot Size3,500 SFBuilding Age-Building Type-

Payment Calculator

$13,598 per month

30 year fixed, 6.28% Interest

Principal and Interest

$11,365

Property Taxes

$2,233

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 23-03 40th Avenue

Summary
Location and General Information
  • Senior Community YN: No
  • State Or Province: NY
School Information
  • School District: Queens 30
  • Elementary School District: Queens 30
  • Elementary School: Ps 112 Dutch Kills
  • Middle Or Junior School District: Queens 30
  • Middle Or Junior School: Is 204 Oliver W Holmes
  • High School District: Queens 30
  • High School: Long Island City High School
Interior and Exterior Features
Exterior Features
  • Elevation Certificate: No
Lot Information
  • Current Use: Industrial
  • Building Area Units: Square Feet
Utilities
  • Sewer: Public Sewer

Schools near 23-03 40th Avenue

This home is within New York City Geographic District #30.
Rating
School
Type
Grades
Distance
P.S. 112 Dutch Kills
Public - PK to 5
Is 204 Oliver W Holmes
Public - 6 to 8
Long Island City High School
Public - 9 to 12
Newcomers High School
Public - 9 to 12
Rating
School
Distance
P.S. 112 Dutch Kills
PublicPK to 5

Is 204 Oliver W Holmes
Public6 to 8

Long Island City High School
Public9 to 12

Newcomers High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 23-03 40th Avenue, Long Island City

23-03 40th Avenue is a 0.08 ac of land for sale in Long Island City. This property was listed for sale on November 6, 2025 by E Realty International Corp, it's currently listed at $2,300,000. This listing's school district is New York City Geographic District #30. Nearby schools include P.S. 112 Dutch Kills, Is 204 Oliver W Holmes and Long Island City High School. 23-03 40th Avenue is a 0-bed, 0-bath, 2,500 sqft 0.08 ac of land on a 3,500 sq. ft. / 0.08 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of E Realty International Corp

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/14/2025 11:29 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.