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    40-39 24Th St Long Island City, NY 11101

    Picture of Duplexes at 24Th St 40-39, Long Island City, NY
    For Sale
    $1,800,000

    Duplex - Long Island City, NY

    Type:Duplex
    Days on Market:
    110
    Last Refresh:
    Dec 7 at 4:06 pm

    Property Features for 40-39 24Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Basement
    Interior features
    First Floor Bedroom, First Floor Full Bath
    Basement Y/N
    1

    Utilities

    Heating system
    Radiant
    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 Aug 20, 2025

    MLS# 884410 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 Opportunity

    This offering presents a rare opportunity to acquire a package deal that includes the adjacent property at 40-37 24th Street, resulting in a combined lot size of approximately 4,432 sq ft. Zoned M1-2/R5B/R6A, the site offers significant potential for residential or mixed-use development, with a possible buildable area of up to 13,296 sq ft. The properties are being sold as-is. Situated in one of Queens’ fastest-growing neighborhoods, this is a compelling opportunity for developers and investors. Ideally located just minutes from multiple subway lines, the site provides quick and convenient access to Manhattan and other major hubs.
    Property Profile 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 - Development opportunity in a rapidly growing Queens neighborhood.
    Where is this duplex located?
    The property is located at 40-39 24Th St Long Island City, NY.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: - Combined lot size of approximately 4,432 sq ft with significant development potential.; - Zoned M1-2/R5B/R6A, allowing for residential or mixed-use development.; - Possible buildable area of up to 13,296 sq ft.
    (718) 886-8110
    Request Owner's contact information
    40-39 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
    40-39 24Th St Long Island City, NY 11101
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