40-29 23rd Street, Long Island City, NY
$ 3,900,000
Property Attributes
  • MLS#3516491
  • TypeCommercial
  • CountyQUEENS
  • CityLong Island City
  • Zip11101
  • Style
  • Year Built1940
  • Taxes$ 19382
  • Price$ 3,900,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2146
  • Lot Size0.05 Acres
Data Source:
OneKey® MLS
Property Description

Welcome to a gem in the heart of Long Island City! This turnkey, 90% free market, investment property offers a unique opportunity to own a fully leased, recently renovated 8-unit multi-family building. With tenants already in place, you can start generating income from day one. All eight units are currently leased, providing a stable and consistent income stream for savvy investors. Benefit from the immediate returns of a property that is not only well-maintained but also in high demand in the thriving Long Island City rental market. Seize this opportunity to own a prime piece of Long Island City real estate. HIGHLIGHTS: ? Modern interior appliances and equipment ? All units are free market except for unit #6 (rent controlled) ? Located near Ed Koch Bridge and Queens & Queensboro Plaza station ? Close to retail corridor of Long Island City ? Easy access to N/W/R/E/7/M/F ? Protected Tax Class (2B) ? Significant upside value. Featured Commercial Sales.

Price History
11/14/2023 Listed $3,900,000


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 11101

AVG $2.43M
AVG $32,729
AVG 129
Data Provided by Inside Real Estate®
Year Built
AVG 1948
AVG 92
Data Provided by Walkscore® not using MLS data

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