12-07 40th Avenue, Unit MULTI



Description
Welcome to 12-07 40th Ave, a fantastic property offering a blend of residential and commercial spaces in the vibrant Long Island City neighborhood.
Property Overview:
- Building Size: 25 x 38
- Lot Size: 25 x 100
- Total of 4 Studio Apartments
- Ground Floor Commercial Space
- Private Garden
- Renovated Interiors
- Updated Kitchens and Bathrooms
- Modern amenities for the comfort of your residents
- Versatile Commercial Space
- A spacious and versatile commercial...Prime Investment Opportunity in Long Island City
Welcome to 12-07 40th Ave, a fantastic property offering a blend of residential and commercial spaces in the vibrant Long Island City neighborhood.
Property Overview:
- Building Size: 25 x 38
- Lot Size: 25 x 100
- Total of 4 Studio Apartments
- Ground Floor Commercial Space
- Private Garden
- Renovated Interiors
- Updated Kitchens and Bathrooms
- Modern amenities for the comfort of your residents
- Versatile Commercial Space
- A spacious and versatile commercial area on the ground floor.
- Perfect for various business ventures, restaurant, retail, cosmetologists etc. offering excellent visibility and foot traffic.
- Private Garden:
- A serene private garden space, providing a peaceful retreat for potential tenants.
- Great Location:
- Nestled in an up-and-coming neighborhood that's on the path of progress.
- Long Island City, NY offers a thriving community and easy access to Manhattan.
This property presents a unique opportunity for investors seeking both residential and commercial income streams. With updated interiors, a private garden, and a prime location, 12-07 40th Ave is a promising investment in an exciting neighborhood.
Don't miss out on the chance to be a part of the dynamic Long Island City real estate market. Contact us today to schedule a viewing and explore the potential of this property.
This co-exclusive listing with Greiner-Maltz boasts numerous features that make it an exceptional investment.
Amenities
- Ground Floor
- Private Yard
- Walk Up
- Street Parking
- Renovated Bath
- Renovated Kitchen
- Renovated Kitchen and Bath
- Video Security
Property Details for 12-07 40th Avenue, Unit MULTI
| Status | Temporarily Off Market |
|---|---|
| MLS ID | H6277267 |
| Days on Market | 226 |
| Taxes | $607 / month |
| Maintenance | - |
| Min. Down Pymt | 10% |
| Total Rooms | 10.0 |
| Compass Type | Townhouse |
| MLS Type | Multi Family |
| Year Built | 1901 |
| Lot Size | 2,500 SF / 25' x 100' |
| County | Queens County |
| Buyer's Agent Compensation | 2% |
Building
12-07 40th Ave
Location
Building Information for 12-07 40th Avenue, Unit MULTI
Payment Calculator
$8,832 per month
30 year fixed, 6.15% Interest
$8,225
$607
$0
Property History for 12-07 40th Avenue, Unit MULTI
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| May 3, 2024 | Temporarily Off Market Manual | — | |
| Mar 14, 2024 | Price Change Manual | $1,500,000 | — |
| Feb 7, 2024 | Price Change Manual | $1,600,000 | — |
| Sep 20, 2023 | Listed (Active) Manual | $1,790,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 05/03/2024 | Temporarily Off Market Manual | — |
| 03/14/2024 | Price Change Manual | $1,500,000 |
| 02/07/2024 | Price Change Manual | $1,600,000 |
| 09/20/2023 | Listed (Active) Manual | $1,790,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 12-07 40th Avenue, Unit MULTI
Schools near 12-07 40th Avenue, Unit MULTI
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 8 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
P.S. 111 Jacob Blackwell PublicPK to 8 | ||
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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This 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. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2026, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY 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 information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2026 The Real Estate Board of New York, Inc., All rights reserved.


