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

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$1,399,000 Sale Pending

For Sale
Pending
Multi-Family
5 Total Beds

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Property Description

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. Property Overview: Building Size: 25 38 Lot Size: 25 100 Total of three Apartments (as currently configured potential to make 4) Ground FloorCommercial Space/office Large Private Garden Updated Kitchens and Bathrooms (needs to be finished but looking good) A spacious and versatile area on the ground floor - for various business ventures ie. restaurant, retail, cosmetologists etc (must change c of o) Located in an up-and-coming neighborhood that's on the path of progress. Long Island City is a dynamic neighborhood with easy access to Manhattan. 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.

Full Property Details

Full Property Details for 12-07 40th Ave

General

Price: $1,399,000
Taxes: $7,440
Status: Pending
Type: Multi-Family
Source: REBNY
MLS ID: RLS20005251
Updated: 10/21/2025
Added to Site: 327 day(s) ago

Interior

Number of Rooms: 5
Interior Features: Smoke Free

Rooms

Bathrooms

Total Bathrooms: 5
Full Bathrooms: 5

Bedrooms

Total Bedrooms: 5

Other Rooms

Laundry: Building Other

Exterior

Exterior Features: Private Outdoor Space Over 60 Sqft

Location

County: Queens
Subdivision: Long Island City

Community

Pets Allowed: Yes

Structural Information

Structure Type: Townhouse
Basement Desc.: Other
Stories/Levels: 3
Square Feet: 2,736
Living Area: 2,736 Sq. Ft.
Year Built: 1901
Other Struct. Feat.: Green Building

Lot Features

Property View: Other
Lot Size: 2500
Lot Dimensions: 100.00 x 25.00

Financial Considerations

Tax Amount: $7,440

Disclosures and Reports

Special Conditions: Standard
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

2/25/2025

Listed

$1,399,000

55.44%

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# RLS20005251) is a Multi-Family property with 4 units containing 5 bedrooms and 5 full bathrooms. 12-07 40th Avenue is currently listed for $1,399,000 and was received on February 25, 2025. 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