Property profile

1003 40th Ave Long Island City, NY 11101

OFF-MARKET
Industrial properties
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Property ID
US63-2613924
12,426 SF 0.2 ac Built 1941
Last sale Mar 2026·$22,229,214
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$59k
Tax billed · 2024
Assessed value$673k
Assessed land$194k
Assessed improvement$478k
Effective rate8.83%

Value estimate

· Nov 2026
$14.00M
$12.60M – $15.40M

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$335/SF
ZIP average, outlier-cleaned · 31 recorded sales of this use type
Observed band · Q1–Q3$277 – $485
Qualifying comparables7

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?
M1-3
This district is designed for a wide range of manufacturing and related uses which can conform to a high level of performance standards
General categoryINDUSTRIAL
JurisdictionQUEENS

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm41.0
Realty agency23.3
Spa & Massage22.8

Location

1003 40th Ave Long Island City, NY 11101-6105
County assessor Recorded deeds · 3 transfers 7 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4315 36th, Long Island City, NY 11101-1703 $4,150,000 Feb 2026 10,900 SF
1102 37th, Long Island City, NY 11101-6027 $4,900,000 Feb 2026 15,000 SF
4330 33rd, Long Island City, NY 11101-2317 $4,950,000 Jan 2026 12,500 SF
3906 Cres, Long Island City, NY 11101-3802 $3,300,000 Jan 2026 10,000 SF
3545 41st, Long Island City, NY 11101 $26,839,858 May 2025 15,700 SF
4220 13th, Long Island City, NY 11101 $7,500,000 Oct 2024 17,000 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
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Includes: Price & PSF · Cap rate · Location · Zoning

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