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1207 40th Ave, Long Island City, NY 11101

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For Sale

$1,399,000

5 beds4 baths1 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

Home seller CENTURY 21 Scope Realty

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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

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

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

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-

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
18.4%
of households
have children
32 minutes
Median Commute Time

Household Expenses vs 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.

Down -5.6%
Decrease in population
since the year 2010

Population is Trending down
23,519
Total households as of 2010
Up
0.8%

Community Population By Age

Community Population By Ethnicity

White 33%
Asian 30%
Hispanic 23%
Black 13%
Other 12%
Native American <1%

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

Household by Income

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%

Household Family Expenses vs 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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