23-03 40th Ave Long Island City, NY $ 2,300,000
23-03 40th Ave
$ 2,300,000
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23-03 40th Ave

Long Island City, NY, 11101
$ 2,300,000
Baths0.0 Sq 3,500

Monthly Estimate*

$ 14,349

23-03 40th Ave, Long Island City, NY 11101 - Image 1
23-03 40th Ave, Long Island City, NY 11101 - Image 2
23-03 40th Ave, Long Island City, NY 11101 - Image 3
23-03 40th Ave, Long Island City, NY 11101 - Image 4
23-03 40th Ave, Long Island City, NY 11101 - Image 5
Studio

Lots and Land for sale in Long Island City, NY

for $2,300,000. This 3,500 square foot property was built on a lot size of 0.08.

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.

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Lots and Land Active

Price

$ 2,300,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 26,800

Style

Lot Size

0.08

Town/City

Long Island City

County/Region

Queens

MLS | Web ID

932887

Features
General
Sewer Public Sewer
Tax Year 2025
Current Use Industrial
County Queens
Property Type Land
High School Long Island City High School
City New York
Senior Community Y/N N
High School District Queens 30
Elementary School Ps 112 Dutch Kills
Tax Annual Amount 26800
Middle/Junior High School Is 204 Oliver W Holmes
Building Area Units Square Feet
Standard Status Active
Middle/Junior School District Queens 30
Elementary School District Queens 30
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Internal Only
Street Number 1 23
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* Excluded Features
List By
Xuxin Chen

Listing Agent

E Realty International Corp

Broker

718-886-8110

Contact

Affordability Calculator

$16,582
Per Month
87%
13%
0%
Monthly Principal & Interest
$14,349
Monthly Property Taxes
$2,233
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4098789 Elementary School
4098725 Middle School
Long Island City High School High School
Pricing History
DatePricePrice ChangeDescription
11/6/2025$2,300,000 Listed Price

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23-03 40th Ave, Long Island City, NY, 11101 is a Lots and Land for sale at $2,300,000 with 3,500 sqft and a lot size of 0.08. 23-03 40th Ave is a studio with 0.0 baths. The property's zip code is 11101 which is in Long Island City, NY