12-07 40th Avenue, New York City, NY 11101
Listing Courtesy of Sloyer Real Estate Corp
$1,399,000
Potential Rebate: $20,985
Overview
Prime Investment Opportunity in Long Island City<br><br>12-07 40th Ave, is a multifamily property offering a blend of residential and commercial space.<br><br>Building will be delivered vacant.<br>- Building Size: 25 x 38<br>- Lot Size: 25 x 100<br>- Total of 3 Apartments (2 bed, 1 bed, studio configurations all possible)<br>- Ground Floor Commercial Space<br>- Private Garden<br>- Renovated Interiors<br>- Updated Kitchens and Bathrooms<br>- Versatile Commercial Space<br>- A spacious and versatile commercial area on the ground floor perfect for various business ventures, restaurant, retail, cosmetologists etc. <br><br>- Located in Long Island City, NY offers a dynamic community and easy access to Manhattan.<br><br>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.
Home Features
- •See Remarks
- •Garden
- •Private Outdoor Space Under 60 Sqft
Estimated Monthly Payment
$7,520 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$20,985
Monthly savings impact
$58/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Why Buy With Us
Rebates Up To
2.5%
25+ Years
Experience
REBNY & NAR
Member
Verified
Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Sloyer Real Estate Corp
Data Source: TRESTLE #RLS11012972
Price Analysis
Compare average listing prices and value metrics for 12-07 40th Avenue against the surrounding Long Island City market.
Average List Price
Price Per SqFt
65.47% Lower
than the Long Island City price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Long Island City
Overview of Long Island City
Long Island City (LIC) is the skyline of Queens. Once an industrial powerhouse, it is now a shimmering wall of glass towers facing Manhattan. For buyers seeking Long Island City Queens real estate, it offers luxury high-rise living with the best commute in the borough.
Living in LIC is modern and fast. It is a 24/7 neighborhood with waterfront parks, breweries, and art museums. As a Queens NYC neighborhood, it rivals Downtown Brooklyn for density and amenities.
Real Estate & Housing Market
The market for homes for sale in Long Island City is dominated by luxury condos. Gleaming towers like Skyline Tower offer resort-style amenities.
There are also converted lofts in the Hunter's Point and Dutch Kills sections.
Lifestyle & Community
The lifestyle in LIC is convenient. Residents can be in midtown Manhattan in 5 minutes.
The community is a mix of young professionals, artists in the remaining lofts, and families enjoying the waterfront.
Transportation & Accessibility
LIC is a transit hub. Served by the 7, N, W, R, M, E, F, and G trains, plus the NYC Ferry. It is arguably the most connected neighborhood in NYC outside of Manhattan.
Parks, Schools & Amenities
Gantry Plaza State Park is one of the best parks in the city, famous for its Pepsi-Cola sign and Manhattan views.
Amenities: A exploding restaurant scene on Vernon Blvd and breweries like Fifth Hammer.
Who This Neighborhood Is Best For
LIC is best for Manhattan commuters, view seekers, and lovers of modern luxury.
