901 40th Ave | Long Island City, NY 11101
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
901 40th Ave
Long Island City, NY 11101
10 Family Plus & 2 Stores · Residential Property For Sale · 12 Units
Investment Highlights
- Close to multiple public transit stops
- Corner Building Exposure on 40th Ave/9th St
Executive Summary
The Subject Properties includes the sale of 901 40 Ave and 38-65 9 St in Prime Location in Long Island City. The buildings are located next to each other on the Corner of 9th Street and 40 Ave. The Building with 901 40 Ave includes one Store and Seven (3) bedroom apartments, all rented . The building is rent stabilized with additional 3,120 Buldable Sqft of air rights which gives it a huge upside potential to turn it to free market rent.
The second building on 3865 9 St includes one office and Three (2) bedroom apartments,all rented and the building is not rent stabilized
Prime location on 40 Ave, corner of 9rh St. Close to Subway express F train on 21st Street and many stores and gas stations and highways
Off 21st Street to 40th Ave
The second building on 3865 9 St includes one office and Three (2) bedroom apartments,all rented and the building is not rent stabilized
Prime location on 40 Ave, corner of 9rh St. Close to Subway express F train on 21st Street and many stores and gas stations and highways
Off 21st Street to 40th Ave
PROPERTY FACTS
| Price Per Unit | £330,138 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Net Initial Yield | 5% | Building Size | 8,635 SF |
| No. Units | 12 | Number of Floors | 4 |
| Property Type | Residential | Year Built | 1916 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid Rise |
| Price Per Unit | £330,138 |
| Sale Type | Investment |
| Net Initial Yield | 5% |
| No. Units | 12 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 8,635 SF |
| Number of Floors | 4 |
| Year Built | 1916 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+1 | 12 | - | 1,160 |
PROPERTY TAXES
| Parcel Number | 00475-0008 | Improvements Assessment | £122,088 |
| Land Assessment | £1,672 | Total Assessment | £123,760 |
PROPERTY TAXES
Parcel Number
00475-0008
Land Assessment
£1,672
Improvements Assessment
£122,088
Total Assessment
£123,760
zoning
| Zoning Code | M1-3 |
| M1-3 |
1 of 8
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
