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1209 40th Ave - Long Island CIty Development Site 0.06 Acres of Residential Land Offered at $2,087,867 CAD in Long Island City, NY 11101
Investment Highlights
- 3 Blocks to Queensborough Bridge
Executive Summary
Address: 12-09 40th Ave, LIC, NY, 11101
Block: 00472. Lot 0625
Property Video: https://youtu.be/Xz_f4TQqXyk
Lot Size: 25 x 99.33
Zoning: R6, C1-3
Can Build minimum 5,500 SF
Currently 2 commercial stores combined 25 x 55 Building size.
For more info contact exclusive broker:
*The Victor Weinberger Team at Re/Max Team, Inc
*917-806-7040 (cell)
*917-591-8000 (eFax)
*718-429-4400 (office)
*E-mail: VWremax@gmail.com
*Web: http://www.VictorWeinberger.com
*140,000+ agents / 8,000+ offices / 110+ countries
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per AC (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$83,570
|
$1,471,309.89
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$27,857
|
$490,436.63
|
| Net Operating Income |
$55,714
|
$980,873.26
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $83,570 |
| Annual Per AC | $1,471,309.89 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $27,857 |
| Annual Per AC | $490,436.63 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $55,714 |
| Annual Per AC | $980,873.26 |
Property Facts
| Price | $2,087,867 CAD | Property Subtype | Residential |
| Sale Type | Investment | Total Lot Size | 0.06 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land | ||
| Zoning | R6, C1-3 - R6, C1-3. | ||
| Price | $2,087,867 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.06 AC |
| Opportunity Zone |
Yes |
| Zoning | R6, C1-3 - R6, C1-3. |
1 Lot Available
Lot
| Price | $2,087,867 CAD | Lot Size | 0.06 AC |
| Price Per AC | $36,776,354.57 CAD |
| Price | $2,087,867 CAD |
| Price Per AC | $36,776,354.57 CAD |
| Lot Size | 0.06 AC |
Address: 12-09 40th Ave, LIC, NY, 11101 00472-0625 Lot Size: 25 x 99.33 (2,475 SF) Zoning: R6, C1-3 Can Build minimum 5,500 SF Currently 2 commercial stores combined 25 x 55 Building size.
Description
For Sale an excellent location Mixed Used Development Site: Address: 12-09 40th Ave, LIC, NY, 11101 00472-0625 Property Video: https://youtu.be/Xz_f4TQqXyk Lot Size: 25 x 99.33 Zoning: R6, C1-3 Can Build minimum 5,500 SF Currently 2 commercial stores combined 25 x 55 Building size. For more info contact exclusive broker: *The Victor Weinberger Team at Re/Max Team, Inc *917-806-7040 (cell) *917-591-8000 (eFax) *718-429-4400 (office) *E-mail: VWremax@gmail.com *Web: http://www.VictorWeinberger.com *140,000+ agents / 8,000+ offices / 110+ countries
Property Taxes
| Parcel Number | 00472-0625 | Improvements Assessment | $111,316 CAD |
| Land Assessment | $93,390 CAD | Total Assessment | $204,706 CAD |
Property Taxes
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1209 40th Ave - Long Island CIty Development Site
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