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1209 40th Ave - Long Island CIty Development Site 0.06 Acres of Residential Land Offered at $1,499,000 in Long Island City, NY 11101
Investment Highlights
- 3 Blocks to Queensborough Bridge
Executive Summary
Address: 12-09 40th Ave, LIC, NY, 11101
Block: 00472. Lot 0625
Property Video: https://youtu.be/Xz_f4TQqXyk
Lot Size: 25 x 99.33
Zoning: R6, C1-3
Can Build minimum 5,500 SF
Currently 2 commercial stores combined 25 x 55 Building size.
For more info contact exclusive broker:
*The Victor Weinberger Team at Re/Max Team, Inc
*917-806-7040 (cell)
*917-591-8000 (eFax)
*718-429-4400 (office)
*E-mail: VWremax@gmail.com
*Web: http://www.VictorWeinberger.com
*140,000+ agents / 8,000+ offices / 110+ countries
Financial Summary (Actual - 2025) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$60,000
|
$1,056,338.03
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$20,000
|
$352,112.68
|
| Net Operating Income |
$40,000
|
$704,225.35
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $60,000 |
| Annual Per AC | $1,056,338.03 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $20,000 |
| Annual Per AC | $352,112.68 |
| Net Operating Income | |
|---|---|
| Annual | $40,000 |
| Annual Per AC | $704,225.35 |
Property Facts
| Price | $1,499,000 | Property Subtype | Residential |
| Sale Type | Investment | Total Lot Size | 0.06 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land | ||
| Zoning | R6, C1-3 - R6, C1-3. | ||
| Price | $1,499,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.06 AC |
| Opportunity Zone |
Yes |
| Zoning | R6, C1-3 - R6, C1-3. |
1 Lot Available
Lot
| Price | $1,499,000 | Lot Size | 0.06 AC |
| Price Per AC | $26,403,861.06 |
| Price | $1,499,000 |
| Price Per AC | $26,403,861.06 |
| Lot Size | 0.06 AC |
Address: 12-09 40th Ave, LIC, NY, 11101 00472-0625 Lot Size: 25 x 99.33 (2,475 SF) Zoning: R6, C1-3 Can Build minimum 5,500 SF Currently 2 commercial stores combined 25 x 55 Building size.
Description
For Sale an excellent location Mixed Used Development Site: Address: 12-09 40th Ave, LIC, NY, 11101 00472-0625 Property Video: https://youtu.be/Xz_f4TQqXyk Lot Size: 25 x 99.33 Zoning: R6, C1-3 Can Build minimum 5,500 SF Currently 2 commercial stores combined 25 x 55 Building size. For more info contact exclusive broker: *The Victor Weinberger Team at Re/Max Team, Inc *917-806-7040 (cell) *917-591-8000 (eFax) *718-429-4400 (office) *E-mail: VWremax@gmail.com *Web: http://www.VictorWeinberger.com *140,000+ agents / 8,000+ offices / 110+ countries
Property Taxes
| Parcel Number | 00472-0625 | Improvements Assessment | $79,920 |
| Land Assessment | $67,050 | Total Assessment | $146,970 |
Property Taxes
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1209 40th Ave - Long Island CIty Development Site
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