Financial
Distress signals
Property profile

2709 40th Ave Long Island City, NY 11101

OFF-MARKET
Retail residential properties
Property ID
US63-5744737
88,362 SF 0.4 ac lot Built 2023
Last sale Oct 2025 · $797,585
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is commercial land in the Dutch Kills area of Long Island City, within walking distance of the N/W/R, E/M, and 7 subway lines. It is associated with permit-ready plans for a proposed six-story mixed-use condominium development totaling approximately 53,000 square feet: about 35,000 square feet of residential space arranged as 46 one- and two-bedroom units (with plans providing balconies or terraces, and two full bathrooms in every two-bedroom unit), about 12,500 square feet of

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$346k
Tax billed · 2024
Assessed value$3.09M
Assessed land$1.32M
Assessed improvement$1.77M
Effective rate11.22%

Value estimate

· Sep 2026
$985k
$887k – $1.08M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$377/SF
ZIP average, outlier-cleaned · 63 recorded sales of this use type
Observed band · Q1–Q3$113 – $644
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
M12R5D
JurisdictionQUEENS

Location intelligence

Which uses thrive at this corner?
Best fit: Nursing Home
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Nursing Home9.6
Assisted Living Facility8.3
Acupuncture7.6

Location

2709 40th Ave Long Island City, NY 11101-3724
County assessor Recorded deeds · 26 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4262 Hunter, Long Island City, NY 11101-4118 $929,285 Apr 2025 37,231 SF
2720 42nd, Long Island City, NY 11101-6791 $712,775 Oct 2024 49,314 SF
1155 45th, Long Island City, NY 11101-5153 $14,775,000 Jul 2022 45,707 SF
3203 39th, Long Island City, NY 11101-2203 $19,104,257 Jun 2022 67,949 SF
39 Ave, Long Island City, NY 11101 $9,520,743 Jun 2022 61,258 SF
4330 24th, Long Island City, NY 11101-4610 $176,000,000 Mar 2022 50,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2709 40th Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message