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    40-37 24Th St Long Island City, NY 11101

    Sponsored
    For Sale
    $1,900,000

    Duplex - Long Island City, NY

    Type:Duplex
    Property size:
    1,610 SF
    Lot size:
    0.06 Acres
    Days on Market:
    113
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 40-37 24Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    4
    APN
    00407-0010
    Interior features
    First Floor Bedroom, First Floor Full Bath, Quartz/Quartzite Counters, Recessed Lighting
    Basement Y/N
    1
    Size
    1,610 SF
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Baseboard
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1910
    Number of units
    2
    Building materials
    Frame
    Architectural style
    Other

    E REALTY INTERNATIONAL CORP. (718) 886-8110 [email protected]

    Listing agent Edward V. Kong (718) 886-8110 License #10401385208

    Listing date Sep 15, 2025

    MLS# 884437 Listing URL

    Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Long Island City Duplex Opportunity

    Located in Long Island City, Queens, the property at 40-37 24th Street is a multi-family property offering residential comfort and connectivity. Each floor includes three bedrooms and two full bathrooms. The second level features high ceilings, hardwood floors, and stainless-steel appliances. Each unit has separate electric and gas meters. The property is move-in ready and located near multiple subway lines, providing access to Manhattan. The lot size is approximately 0.0557 acres. The property size is 1,610 square feet. The property can be acquired with the adjoining parcel at 40-39 24th Street, creating a combined lot of approximately 4,432 square feet. With M1-2/R5B/R6A zoning, the site offers residential or mixed-use redevelopment potential, supporting a buildable area of up to 13,296 square feet. Positioned in one of Queens’ neighborhoods, the location provides access to Manhattan and key transit hubs, making it an opportunity for developers, value-add investors, or long-term holders seeking appreciation potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Long Island City
    County
    Queens
    State
    New York
    Longitude
    -73.912002
    Latitude
    40.782137

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    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex with redevelopment potential in a growing neighborhood.
    Where is this duplex located?
    The property is located at 40-37 24Th St Long Island City, NY.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Significant Redevelopment Potential: M1-2/R5B/R6A zoning allows for residential or mixed-use development with a buildable area up to 13,296 sq ft (subject to verification).; - Prime Location: Situated in a fast-growing Queens neighborhood with rapid access to Manhattan and key transit hubs.; - Multi-Family Property: Well-maintained with three oversized bedrooms and two full bathrooms per floor.
    (917) 589-9881
    Request Owner's contact information
    40-37 24Th St Long Island City, NY 11101
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    Long Island City, NY 11101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    40-37 24Th St Long Island City, NY 11101
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