911 40th Ave, Long Island City, NY 11101

Studio-- baths5,000 sqft

For Sale
$6,000,000
Zestimate®: $1,183,070
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My Notes

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Douglas Elliman Commercial, as exclusive agent for ownership, is offering for sale the development site located at 9-11 40th Avenue which is situated on the northern block of 40th Avenue between 9th Street and 10th Street. The property is located within the Long Island City sub-market of Queens.The parcel, which is zoned M1-3, is comprised of a total area of approximately 10,000 square feet (100' x 100'). The site contains a one-story warehouse building containing 5,000 square feet above grade, with an additional 5,000 square feet of gated parking.The offering presents an opportunity to develop and improve the existing lot with up to 50,000 buildable square feet as per public record. The site would be ideal for a flex-use office building, mixed use retail, mini-storage, hotel, or single-user manufacturing development. Special zoning consideration may be available for a community-use development.  More Less 

Facts

  • Single Family
  • Built in 1930
  • 21 days on Zillow
  • Views: 1,153 all time views
  • Price/sqft: $1,200

Construction

  • Unit count: 0

Other

  • Floor size: 5,000 sqft
  • Zillow Home ID: 2108726528

Zestimate Details

Zestimate
A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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$1,183,070
+$0 Last 30 days
$1.03M
$1.30M
Zestimate range
Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$2,192/mo
+$63 Last 30 days
$1.7K
$4.1K
Zestimate range

Comparable Homes

Homes like this sold for $755K-2.1M.

$660K
$2.2M

Popularity on Zillow

448 views since listing
1,153 all-time (chart)

Mortgages

Neighborhood: Astoria

Zillow predicts Astoria home values will increase 2.1% next year, compared to a 2% rise for New York as a whole. Among Astoria homes, this home is 896% more expensive than the midpoint (median) home, and is priced 106.2% more per square foot.

Foreclosures will be a factor impacting home values in the next several years. In Astoria, the number of foreclosures waiting to be sold is 25% less than in New York, and 94.3% lower than the national average. This lower local number could help Astoria home values rise more quickly than other regions in New York.

Learn more about forecast calculations or Astoria home values.
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Nearby

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    Nearby Schools in New York

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    Data by GreatSchools.org