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Zoned Development Land
For Sale
$1,900,000
Pending

40-39 27th Street, Long Island City, NY 11101

Commercial land offered as a package with an adjoining parcel and multiple zoning designations.

Property SizeContact for details
Days on Market572

Property Features for 40-39 27th Street

General Information

Standard status Pending
Property subtype Multi Family

Taxes and HOA fees

Annual Taxes $6,476

Building Details

Year Built 1920
Listing Agency: E Realty International Corp
Listed By: Hsin Yuan Yang · License #10311205376
Source: Exitrealty
Added: Mar 24, 2025 Changed: Oct 6 Last Checked: Oct 11 at 4:11AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of E Realty International Corp

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Investment Insights

Based on property information with market context.

Commercial land at 40-39 27th Street is offered together with the adjoining property at 40-37 27th Street. The combined offering totals 5,042 square feet and carries M1-2, R5B, and R6A zoning designations.

An estimated 14,800 square feet of buildable area is identified for the combined site. The property is located in Long Island City, New York, and is presented for sale as a development land package.

Key Highlights

  • Combined lot size of 5,042 sqft with adjoining 40‑37 27th St parcel
  • Estimated buildable area of 14800sqft
  • M1‑2, R5B, and R6A zoning designations

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Nursing Home Acupuncture Adult Day Care (Bike/Boat/Book/etc) Store Pet Grooming Service Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,062
Businesses Nearby

Demographics for 11101, NY

48,867
Population
27,093
Households
1.8
Avg Household Size
33
Median Age
65%
College-Educated
90%
High-School Grad
2.6 sq mi
ZIP Area
18,795
Density / Sq Mi
$116,807
Median Household Income
$83,892
Median Earnings
$2,740
Median Rent
$995,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025

Frequently Asked Questions

What type of property is this?
Commercial land - Commercial land offered as a package with an adjoining parcel and multiple zoning designations.
Where is this commercial land located?
The property is located at 40-39 27th Street 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: Combined lot size of 5,042 sqft with adjoining 40‑37 27th St parcel; Estimated buildable area of 14800sqft; M1‑2, R5B, and R6A zoning designations
More about this property
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