Date
Details
Price
Change
Source
11/06/2025
Listed
$2,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/5
$2,300,000
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1/5
Property Description
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.
Full Property Details
Full Property Details for 23-03 40th Ave
General
- Price: $2,300,000
- Taxes: $26,800
- Status: Active
- Type: Lots/Land
- Source: Long_Island
- MLS ID: 932887
- Updated: 11/6/2025
- Added to Site: 91 day(s) ago
Location
- County: Queens
School Information
- High School District: Queens 30
- Elementary School: Ps 112 Dutch Kills
- Middle School: Is 204 Oliver W Holmes
- High School: Long Island City High School
Utilities
- Sewer: Public Sewer
Structural Information
- Detached/Attached: Detached
- Current Bldg. Use: Industrial
Lot Features
- Lot Size (Acres): 0.08
- Lot Size (Sq. Ft.): 3,500
Financial Considerations
- Tax Amount: $26,800
Disclosures and Reports
- Special Conditions: None
Listed by E Realty International Corp
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Listing agent
— 23-03 40th Ave —
E Realty International Corp
718-886-8110
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 23-03 40th Ave
School District:New York City Geographic School District 30
| Name | Grades | Distance |
|---|---|---|
Ps 112 Dutch Kills 25-05 37th Ave, Queens, NY 11101 | PK-5 | 0.3 mi |
Is 204 Oliver W Holmes 36-41 28th St, Queens, NY 11106 | 6-8 | 0.4 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 23-03 40th Ave
Estimate the Cost
Estimate the Cost for 23-03 40th Ave
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23-03 40th Ave, Long Island City, NY 11101 (MLS# 932887) is a Lots/Land property with a lot size of 0.08 acres. 23-03 40th Ave is currently listed for $2,300,000 and was received on November 06, 2025. Want to learn more about 23-03 40th Ave? Do you have questions about finding other Lots/Land real estate for sale in Long Island City? You can browse all Long Island City real estate or contact a Coldwell Banker agent to request more information.