Active

40-29 23rd Street

Long Island City NY, 11101

$3,900,000


$647.84 per sqft

Active

6,020 sqft

Commercial

Built in 1940

Welcome to a gem in the heart of Long Island City! This turnkey, 90% free market, investment property offers a unique opportunity to own a fully leased, recently renovated 8-unit multi-family building. With tenants already in place, you can start generating income from day one. All eight units are currently leased, providing a stable and consistent income stream for savvy investors. Benefit from the immediate returns of a property that is not only well-maintained but also in high demand in the thriving Long Island City rental market. Seize this opportunity to own a prime piece of Long Island City real estate. HIGHLIGHTS: Modern interior appliances and equipment All units are free market except for unit #6 (rent controlled). Located near Ed Koch Bridge and Queens & Queensboro Plaza station Close to retail corridor of Long Island City ? Easy access to N/W/R/E/7/M/F. Protected Tax Class (2B). Significant upside value. Featured Commercial Sales., Building Size:6020

L3516491

MLS ID

November 14, 2023

Listed

December 9, 2024

Updated

Map

40-29 23rd Street
Long Island City NY, 11101

Interior Features

Total Stories

4


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.05 Acres

Other Property Details

Taxes

$19,382


Tax Frequency

Annually


Days on Market

386


Garage

No


View

No


County

Queens


Pool

No


Zoning

M1-2/R5B

Listed by Luca DiCiero Faisal Gilani with NY Space Finders Inc
Listing Contact: 718-440-8162 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Kleomenis Lagos shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 5:32 PM UTC, 12/9/2024

  

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