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40-29 23rd Street, Long Island City, NY 11101
$3,900,000
40-29 23rd Street, Long Island City, NY 11101View this property at 40-29 23rd Street, Long Island City, NY 11101
40-29 23rd StreetLong Island CityNY11101
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Property Description
Welcome to a gem in the heart of Long Island City! This turnkey, 90% free market, investment property offers a unique opportunity to own a fully leased, recently renovated 8-unit multi-family building. With tenants already in place, you can start generating income from day one. All eight units are currently leased, providing a stable and consistent income stream for savvy investors. Benefit from the immediate returns of a property that is not only well-maintained but also in high demand in the thriving Long Island City rental market. Seize this opportunity to own a prime piece of Long Island City real estate. HIGHLIGHTS: ? Modern interior appliances and equipment ? All units are free market except for unit #6 (rent controlled) ? Located near Ed Koch Bridge and Queens & Queensboro Plaza station ? Close to retail corridor of Long Island City ? Easy access to N/W/R/E/7/M/F ? Protected Tax Class (2B) ? Significant upside value. Featured Commercial Sales.
Full Property Details
Full Property Details for 40-29 23rd St
General
- Price: $3,900,000
- Taxes: $19,382
- Status: Active
- Type: Commercial
- MLS ID: 3516491
- Updated: 11/27/2023
- Added to Site: 183 day(s) ago
Business
- Business Type: Other
Location
- County: Queens
- Township: Queens
- Cross Streets: 41st Ave
- Driving Directions: Between 40th and 41st Ave in Long Island City
Structural Information
- Detached/Attached: Detached
- Stories/Levels: 4
- Stories in Building: 4
- Building Size: 6020
- Square Feet: 6,020
- Sq. Ft. Source: Floor Plan
- Current Bldg. Use: Other
- Year Built: 1940
Lot Features
- Lot Size (Acres): 0.05
- Lot Size (Sq. Ft.): 2,146
- Lot Size Source: Other
- Lot Dimensions: 25 x 85.83
- Zoning: M1-2/R5B
Financial Considerations
- Tax Amount: $19,382
Disclosures and Reports
- Property ID: 00408-0013
- Block: 408
- Lot Number: 13
Listed by NY Space Finders Inc
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Schools
Schools serving 40-29 23rd St
School District:New York City Geographic District #30
Rating | Name | Grades | Distance |
---|---|---|---|
2505 37th Ave, Long Is City, NY 11101 | PK-5 | 0.4 mi | |
3641 28th St, Long Is City, NY 11106 | 6-8 | 0.5 mi | |
1430 Broadway, Long Is City, NY 11106 | 9-12 | 0.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 40-29 23rd St
Date
Details
Price
Change
Source
11/14/2023
Listed
$3,900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 40-29 23rd St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$19,753
10%
$157,998
-74%
2022
$17,949
8%
$600,750
25%
2021
$16,626
6%
$480,600
-9%
2020
$15,653
—
$527,850
4%
2019
$15,653
2%
$509,400
319%
2018
$15,328
7%
$121,537
8%
2017
$14,316
7%
$112,556
8%
2016
$13,441
8%
$104,257
8%
2015
$12,437
—
$96,535
—
2015
$12,410
7%
$96,535
3%
2013
$11,631
—
$93,490
—
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 40-29 23rd St
40-29 23rd Street, Long Island City, NY 11101 (MLS# 3516491) is a Commercial property. 40-29 23rd Street is currently listed for $3,900,000 and was received on November 14, 2023. Want to learn more about 40-29 23rd Street? Do you have questions about finding other Commercial 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.