$10,000 Closing Credit¹
#824543, Listing office: Realty Executives Today
#RLS20005251·
Listing office: Sloyer Real Estate Corp·
Listing agent: Joshua R Sloyer·
Listing agent phone: (212) 960-3437·
Listing office phone: (516) 449-9891
$1,399,000 List price
12-07 40th Ave New York City, NY 11101
$10,000
Closing credit¹
5 beds
5 full
2,736 sqft
$511 / sqft
Multi-Family
Property details
About 12-07 40th Ave
<p>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.</p> <p>Property Overview:</p> <p>Building Size: 25 38</p> <p>Lot Size: 25 100</p> <p>Total of three Apartments (as currently configured potential to make 4)</p> <p>Ground FloorCommercial Space/office</p> <p>Large Private Garden</p> <p>Updated Kitchens and Bathrooms (needs to be finished but looking good)</p> <p>A spacious and versatile area on the ground floor - for various business ventures ie. restaurant, retail, cosmetologists etc (must change c of o)</p> <p>Located in an up-and-coming neighborhood that's on the path of progress.</p> <p>Long Island City is a dynamic neighborhood with easy access to Manhattan.</p> <p>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.</p>
Highlights
Home typeMulti Family
StatusActive
Size2,736 sqft
Year built1901
MLS #RLS20005251
ViewOther
Summary
- Full Bathrooms: 5
- Basement: No
- Interior: Smoke Free
- Total Bedroom Count: 5
- View: Other
- Exterior: Private Outdoor Space Over 60 Sqft
- List Price: $1,399,000
- Price/SqFt: $511
- Year Built: 1901
- Living Area: 2,736 SqFt
- MLS Number: RLS20005251
- MLS Name: RLS
- Office Name: Sloyer Real Estate Corp
- Office Phone: (516) 449-9891
- Listing Agent: Joshua R Sloyer
- Agent Phone: (212) 960-3437
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Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 6/5/2025, 9:45:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,399,000
12-07 40th Ave
$10,000
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
7
PS 384
Public District KG-2
0.4 mi
•2735 Jackson Ave
3
P.S. 112 Dutch Kills School
Public District PK-5
0.4 mi
•2505 37th Ave
8
P.S. 166 Henry Gradstein School
Public District KG-5
0.6 mi
•3309 35th Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $60,366. Most New York City, NY residents have annual incomes between $35k-100k. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
21%
<35k
73%
35k-100k
5%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
47%
Single, No Kids
10%
Single, with Kids
22%
Married, No Kids
21%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
7%
12-17 yrs old
35%
18-34 yrs old
40%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Major League Soccer (MLS)
Music Concerts
Art Museums
Where do the neighbors shop?
Banana Republic
H&M
Bloomingdales
Where do the neighbors go to eat?
Jack In The Box
Chipotle
Starbucks
What do the neighbors drive?
Toyota
Volkswagen
Audi
What do the neighbors listen to?
Jazz
Rhythmic Contemporary Hits
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 12-07 40th Ave
The listing price of 12-07 40th Ave property is $1,399,000.
The property 12-07 40th Ave is a multi located in New York City, New York, 11101.
Active Listing: 12-07 40th Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 12-07 40th Ave are: PS 384 (GreatSchools Rating 7/10), P.S. 112 Dutch Kills School (GreatSchools Rating 3/10), P.S. 166 Henry Gradstein School (GreatSchools Rating 8/10), Growing up Green Charter School (GreatSchools Rating 4/10), I.S. 204 Oliver W. Holmes School (GreatSchools Rating 4/10), P.S. 111 Jacob Blackwell School (GreatSchools Rating 3/10), Academy of American Studies (GreatSchools Rating 7/10), Newcomers High School (GreatSchools Rating 3/10), Energy Tech High School (GreatSchools Rating 7/10).
The property 12-07 40th Ave is 2,736 SqFt (source: MLS/tax record).
The year of construction for 12-07 40th Ave is 1901.
This home is located at 12-07 40th Ave in New York City, NY and zip code 11101 in the Northwestern Queens neighborhood. This 2,736 square foot home was built in 1901. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since February 26, 2025 and is currently priced at $1,399,000.
Over 207 listings were sold over their listed price in May 2025 in New York City, NY. In the same period over 737 listings were sold below the listed price and 936 listings were sold for the listed price. The number of homes for sale in New York City, NY increased by 0.3% between April and May 2025. In May 2025 median list price was $875,081 and the average listing age was 121 days.
From Rocket Homes Real Estate and based on county public records data.