40-29 23rd St, Queens, NY 11101

Building Details

Year Built

1940

Listing office NY SPACE FINDERS INC, l***@nyspacefinders.com Show Phone

Listing date Nov 28, 2023

Source Crexi

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 NY SPACE FINDERS INC,

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Overview

Located in Long Island City, this investment property features a recently renovated, fully leased 8-unit multifamily building. The property offers a unique opportunity to own a 90% free market building with tenants already in place, providing immediate income. All eight units are currently leased, ensuring a stable and consistent income stream. The property size is 6,020 square feet. The property is located in the thriving Long Island City rental market. The zoning is M1-2/R5B. The annual property tax is $19,382.

Suggested Use

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

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

Location Insight

• Map
• Local Demand

City

Queens

County

Queens

State

New York

Longitude

-73.912635

Latitude

40.782759

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FAQs

What type of property is this?

Apartment building - Turnkey, fully leased 8-unit multifamily building in Long Island City.

Where is this apartment building located?

The property is located at 40-29 23rd St Queens, NY.

What is the asking price?

The asking price for this property is $3,900,000.

What are key features of this property?

This property features: Turnkey, fully leased 8‑unit multi‑family building for immediate income generation.; 90% free market property, offering significant investment upside.; Recently renovated, ensuring minimal maintenance and high tenant appeal.