2 months on rocket

12-07 40th Ave, New York City, NY, 11101

$1,500,000

Home List Price

$10,000*

Closing Credit

1 Bedroom
4 Full Baths
2,736 SqFt
$548/SqFt
Multi

Location

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12-07 40th Ave, New York$1,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1901
MLS #OLRS-00010092592
StatusActive

About 12-07 40th Ave

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.

Property Details

Property Features

Property Information:

  • Architectural Style: Prewar, Walk-Up
  • Year Built: 1901
  • Living Area: 2,736 SqFt

Listing Office:

  • Office Name: Sloyer Real Estate Corp
  • Office Phone: (516) 449-9891
  • Listing Agent: Joshua Sloyer
  • Agent Phone: (516) 449-9891

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Exterior: Garden

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,500,000
  • Price Per SqFt: $548/SqFt
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Housing Market Comparison

See how this home compares to others in New York, NY.

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New York, NY

City

Med. Sold Price

$850.1K

Med. Price/SqFt

$667

Avg. Days On Market

85

# of Sold Homes

1747

12-07 40th Ave vs New York

72 DAYS ON ROCKET

-13 Days

$1,500,000

+$649.8K More

$548/SqFt

-$120 Less

KEY TAKEAWAY

This property is $649.8K more than the Median Sold Price and $120/SqFt less than other homes in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: REBNY
  • MLS Number: #OLRS-00010092592

Listing Office:

  • Office Name: Sloyer Real Estate Corp
  • Office Phone: (516) 449-9891
  • Listing Agent: Joshua Sloyer
  • Agent Phone: (516) 449-9891

IDX ©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services.

Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.

This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 12/22/2024, 1:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$7,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,564

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-982121
7
/10

  • PS 384

  • 2735 Jackson Ave

  • 0.37 miles

  • Public District Grades KG-2

school-card-donut-982122
3
/10

  • P.S. 112 Dutch Kills School

  • 2505 37th Ave

  • 0.39 miles

  • Public District Grades PK-5

school-card-donut-982123
8
/10

  • P.S. 166 Henry Gradstein School

  • 3309 35th Ave

  • 0.60 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $60,366. Residents of New York, NY typically earn between $35k-100k each year. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Queens County›New York›11101›12-07 40th Ave

This home is located at 12-07 40th Ave in New York City, NY and zip code 11101 in the Northwestern Queens neighborhood. This 2,736 square foot home was built in 1901. Features: 1 bedroom, 4 bathrooms. It has been listed on Rocket Homes since October 11, 2024 and is currently priced at $1,500,000.

While more than 220 listings in New York, NY in November 2024 were sold above asking price, there were more than 769 listings sold at asking price, and more than 758 were sold below. In November 2024 in New York, NY there were 7.2% less homes for sale than in October 2024. In November 2024 median list price was $850,115 and the average listing age was 85 days.

From Rocket Homes Real Estate and based on county public records data.

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