12-07 40th Avenue, New York City, NY 11101 - Photo 1

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$1,399,000

For Sale
Active
Multi-Family
1 Total Beds

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Property Description

Prime Investment Opportunity in Long Island City12-07 40th Ave, is a multifamily property offering a blend of residential and commercial space.Building will be delivered vacant.- Building Size: 25 x 38- Lot Size: 25 x 100- Total of 3 Apartments (2 bed, 1 bed, studio configurations all possible)- Ground Floor Commercial Space- Private Garden- Renovated Interiors- Updated Kitchens and Bathrooms- Versatile Commercial Space- A spacious and versatile commercial area on the ground floor perfect for various business ventures, restaurant, retail, cosmetologists etc. - Located in Long Island City, NY offers a dynamic community and easy access to Manhattan.12-07 40th Ave presents a unique opportunity for investors seeking both residential and commercial income streams featuring updated interiors, a private garden, and a prime location. Contact us today to schedule a viewing.

Full Property Details

Full Property Details for 12-07 40th Ave

General

Price: $1,399,000
Taxes: $7,284
Status: Active
Type: Multi-Family
Source: REBNY
MLS ID: RLS11012972
Updated: 10/21/2025
Added to Site: 855 day(s) ago

Interior

Number of Rooms: 5

Rooms

Bathrooms

Total Bathrooms: 4
Full Bathrooms: 4

Bedrooms

Total Bedrooms: 1

Other Rooms

Laundry: See Remarks

Additional Information

Equipment: Intercom

Exterior

Exterior Features: Garden, Private Outdoor Space Under 60 Sqft
Porch/Patio/Deck: Patio

Location

County: Queens
Subdivision: Long Island City
Cross Streets: 12th Street/13th Street

Community

Pets Allowed: Yes

Structural Information

Architectural Style: Prewar, Walk-Up
Stories/Levels: 3
Square Feet: 2,736
Living Area: 2,736 Sq. Ft.
Year Built: 1901

Lot Features

Lot Size: 2500
Lot Dimensions: 25.00 x 100.00

Financial Considerations

Tax Amount: $7,284

Disclosures and Reports

Block: 472
Lot Number: 626

Listing Courtesy of Sloyer Real Estate Corp

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— 12-07 40th Ave —

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Schools

Schools serving 12-07 40th Ave

School District:New York City Geographic School District 30

Name	Grades	Distance
Ps 111 Jacob Blackwell 37-15 13th St, Queens, NY 11101	PK-8	0.2 mi
Is 204 Oliver W Holmes 36-41 28th St, Queens, NY 11106	6-8	0.5 mi
Long Island City High School 14-30 Broadway, Queens, NY 11106	9-12	0.8 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 12-07 40th Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

1/29/2025

Price Reduced

$1,399,000

-6.73%

MLS

1/22/2025

Price Reduced

$1,500,000

—

MLS

9/15/2023

Listed

$1,500,000

66.67%

MLS

7/23/2015

Sold

$900,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 12-07 40th Ave

Year

Property Taxes

Change

Tax Assessment

Change

2025

$7,772

2%

$38,695

-48%

2024

$7,636

6%

$75,060

109%

2023

$7,204

5%

$35,868

-53%

2022

$6,873

1%

$75,900

8%

2021

$6,786

-1%

$70,440

-7%

2020

$6,826

2%

$75,840

2%

2019

$6,706

17%

$74,400

149%

2017

$5,749

—

$29,890

6%

2017

$5,749

7%

$28,200

5%

2016

$5,372

2%

$26,872

—

2015

$5,255

4%

$26,872

2%

2015

$5,058

18%

$26,403

6%

2013

$4,278

—

$24,909

—

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Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 12-07 40th Ave

12-07 40th Avenue, New York City, NY 11101 (MLS# RLS11012972) is a Multi-Family property with 0 units containing 1 bedroom and 4 full bathrooms. 12-07 40th Avenue is currently listed for $1,399,000 and was received on September 15, 2023. Want to learn more about 12-07 40th Avenue? Do you have questions about finding other Multi-Family real estate for sale in New York City? You can browse all New York City real estate or contact a Coldwell Banker agent to request more information.

12-07 40th Ave New York City, NY 11101