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    40-37/39 27Th St Long Island City, NY 11101

    Picture of Commercial land at 27Th St 40-37/39, Long Island City, NY
    Pending
    For Sale
    $3,800,000

    Land - Long Island City, NY

    Lot size:
    0.12 Acres
    Days on Market:
    214
    Last Refresh:
    Dec 6 at 8:06 pm

    Property Features for 40-37/39 27Th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Lot size
    0.12 Acres

    Building Details

    Architectural style
    Other

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

    Listing agent Hsin Yuan Yang (718) 886-8110 License #10311205376

    Listing date May 7, 2025

    MLS# 832560 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 Development Land

    This offering features development land in a prime location in Long Island City. The package deal consists of two adjacent lots located at 40-37 27th St and 40-39 27th St. The combined lot size is 5042 square feet, which is approximately 0.1157 acres. The zoning is M1-2, R5B, and R6A, with an estimated buildable area of 14800 square feet. This property is suitable for developers.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    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
    -73.909598
    Latitude
    40.780956

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    FAQs

    What type of property is this?
    Commercial land - Two lots in prime location, ideal for developers.
    Where is this commercial land located?
    The property is located at 40-37/39 27Th St Long Island City, NY.
    What is the asking price?
    The asking price for this property is $3,800,000.
    What are key features of this property?
    This property features: - Prime Long Island City location; - Development land opportunity; - Package deal: two adjacent lots
    (718) 886-8110
    Request Owner's contact information
    40-37/39 27Th 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
    40-37/39 27Th St Long Island City, NY 11101
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