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.
Save
Ask
Tour
Hide
Share
Listing Snapshot
Price
$2,300,000
Days On Site
0 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.08 Acres
Year Built
N/A
MLS® Number
932887
Status
Active
Property Tax
$26,800
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
React
Comment
Invite
No Comments Yet
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.
Recent Activity
10 hours ago
Listing first seen on site
10 hours ago
Listing updated with changes from the MLS®
General Features
Acres
0.08
Additional Property Use
Industrial
Sewer
Public Sewer
Save
Ask
Tour
Hide
Share
Community Features
School District
Queens 30
Schools
School District
Queens 30
Elementary School
Ps 112 Dutch Kills
Middle School
Is 204 Oliver W Holmes
High School
Long Island City High School
Listing courtesy of E Realty International Corp sunriseglobalrealty88@gmail.com
Based on information submitted to the MLS GRID as of 2025-11-06 10:19 PM EST.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently reviewed
and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.