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1207 40th Ave, Long Island City, NY 11101

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For Sale

$1,399,000

5 beds • 4 baths • 1 half baths

Estimated Payment

$ 7,892 /mo. †

6.76% APR for 30 yrs.
$7,500 in taxes
Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Over 50 Years Old
    Age

Explore this Property

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 x 38 - Lot Size: 25 x 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.
MLS# 11416931

Courtesy Of Sloyer Real Estate Corp.

(212) 960-3437

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Cooling System
    Central A/C
  • Exterior Type
    Brick
  • Heating System
    Baseboard, Heat Pump
  • Lot Size
    0.06 Acres

Map and Directions

Directions to 1207 40th Ave, Long Island City, NY 11101

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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $7,267
  • Property Taxes
    $625
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $7,892

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

P.s. 111 Jacob Blackwell School

Grades PK-8 Public School

Long Island City, NY 11101 0.2 miles
3715 13th st

324 total students
9:1 Student teacher ratio

School Rating: D

School Details

I.s. 204 Oliver W. Holmes School

Grades 6-8 Public School

Astoria, NY 11106 0.5 miles
3641 28th st

378 total students
9:1 Student teacher ratio

School Rating: C

School Details

Long Island City High School

Grades 9-12 Public School

Astoria, NY 11106 0.8 miles
1430 broadway

2145 total students
14:1 Student teacher ratio

School Rating: C-

School Details
Other Nearby Schools Distance Type Grades School Rating
Voice Charter School Of New York 0.3 miles Public KG-8 C
P.s. 76 William Hallett School 0.3 miles Public PK-5 B-
Growing Up Green Charter School 0.4 miles Public KG-8 C-
Academy Of American Studies 0.4 miles Public 9-12 B+
Newcomers High School 0.4 miles Public 9-12 D+
P.s. 112 Dutch Kills School 0.4 miles Public PK-5 D+
Energy Tech High School 0.5 miles Public 9-12 B+
Queen's Paideia School 0.5 miles Private KG-7
Ps 384 0.6 miles Public KG-2 B+
Information Technology High School 0.6 miles Public 9-12 C-
P.s./i.s. 217 Roosevelt Island School 0.6 miles Public PK-8 B
The Child School - Legacy High School 0.6 miles Private 1-12
Baccalaureate School For Global Education 0.8 miles Public 7-12 A-
High School Of Applied Communications 0.8 miles Public 9-12 B-
Bard High School Early College Queens 0.8 miles Public 9-12 A-
Academy Of Finance And Enterprise 0.8 miles Public 9-12 A
P.s. 166 Henry Gradstein School 0.8 miles Public KG-5 A-

Voice Charter School Of New York

Distance: 0.3 miles

Type Public

Grades: KG-8

C

P.s. 76 William Hallett School

Distance: 0.3 miles

Type Public

Grades: PK-5

B-

Growing Up Green Charter School

Distance: 0.4 miles

Type Public

Grades: KG-8

C-

Academy Of American Studies

Distance: 0.4 miles

Type Public

Grades: 9-12

B+

Newcomers High School

Distance: 0.4 miles

Type Public

Grades: 9-12

D+

P.s. 112 Dutch Kills School

Distance: 0.4 miles

Type Public

Grades: PK-5

D+

Energy Tech High School

Distance: 0.5 miles

Type Public

Grades: 9-12

B+

Queen's Paideia School

Distance: 0.5 miles

Type Private

Grades: KG-7

Ps 384

Distance: 0.6 miles

Type Public

Grades: KG-2

B+

Information Technology High School

Distance: 0.6 miles

Type Public

Grades: 9-12

C-

P.s./i.s. 217 Roosevelt Island School

Distance: 0.6 miles

Type Public

Grades: PK-8

B

The Child School - Legacy High School

Distance: 0.6 miles

Type Private

Grades: 1-12

Baccalaureate School For Global Education

Distance: 0.8 miles

Type Public

Grades: 7-12

A-

High School Of Applied Communications

Distance: 0.8 miles

Type Public

Grades: 9-12

B-

Bard High School Early College Queens

Distance: 0.8 miles

Type Public

Grades: 9-12

A-

Academy Of Finance And Enterprise

Distance: 0.8 miles

Type Public

Grades: 9-12

A

P.s. 166 Henry Gradstein School

Distance: 0.8 miles

Type Public

Grades: KG-5

A-

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Long Island City, NY 11101

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Long Island City, NY 11101

This community’s employment is highest in the administrative support and sales industries. The area’s overall household expenses are above the national average.

84° July
Hottest Average Month
26° January
Coldest Average Month
22,375 Total Households in Area
-5.6% Increase in population since the year 2010
18.4%
of households
have children
32 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Long Island City, NY 11101

Long Island City, NY 11101 has a population of 48,186 people in 22,375 households with a median age of 36.1 years old.

-5.6%
Decrease in population
since the year 2010
Population is Trending down
23,519
Total households as of 2010
0.8%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 36.1 years old. The smallest percentage group is 25-34 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 33%
Asian 30%
Hispanic 23%
Black 13%
Other 12%
Native American <1%
The most prevalent ethnicity is White at 33%, followed by Asian at 30%, Hispanic at 23%, and Black at 13%.

Economics
for Long Island City, NY 11101

16,493 /sq mi
Population Density
$109,231 /yr
Median Household Income
$1,277,000
Median Sales Price
32 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is Over $200k representing 22.25% of the households.

Transportation to Work

  • Public Transit 59%
  • Work from Home 19%
  • Drive 14%
  • Walk or Bike 8%

Occupancy by Type

Rented 18,264 73%
Owned 4,111 16%
Vacant 2,694 11%

White vs Blue Collar Jobs







White Collar 89%
Blue Collar 11%

Family & Education Facts
for Long Island City, NY 11101

36.1 Median Age

Average Household Size

2.1
persons per
household

31.9%

Married Households

Community Population By Education

Bachelors Degree 33%
Graduate Degree 27%
High School Graduate 16%
Some High School 9%
Some College 9%
Associates Degree 5%
Of the total people surveyed, the most prevalent educational attainment level is Bachelors Degree, representing 33.39% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
18.4% of households have children

Weather
for Long Island City, NY 11101

The weather for this area ranges from a high of 84° F in July to a low of 26° F in January

84° July
Hottest Average Month
26° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
26°
39°
Feb
26°
41°
Mar
33°
49°
Apr
43°
60°
May
52°
70°
Jun
62°
79°
Jul
68°
84°
Aug
67°
83°
Sep
60°
76°
Oct
49°
65°
Nov
40°
54°
Dec
30°
43°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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