This offering presents a rare opportunity to acquire a package deal that includes the adjacent property at 40-39 24th Street, resulting in a combined lot size of approximately 4,432 sq ft. Zoned M1-2/R5B/R6A, the site offers significant potential for residential or mixed-use development, with a possible buildable area of up to 13,296 sq ft. The asking price for both properties (40-37 & 40-39) is $3.7 million, and they are being sold as-is and without tenants.
Ideally located just minutes from multiple subway lines, the site provides quick and convenient access to Manhattan and other major hubs. Situated in one of Queens’ fastest-growing neighborhoods, this is a compelling opportunity for developers and investors. Submit your offer today.
For sale
$1,900,000
40-37 24 Street, Long Island City, NY 11101
6beds
1,610sqft
Duplex, Multi Family
Built in 1910
-- sqft lot
$-- Zestimate®
$1,180/sqft
$-- HOA
What's special
- 60 days
- on Zillow |
- 309 |
- 17 |
Zillow last checked: 7 hours ago
Listing updated: August 20, 2025 at 07:47am
Listing by:
E Realty International Corp 718-886-8110,
Edward V. Kong 917-589-9881
Source: OneKey® MLS,MLS#: 884437

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard
Cooling
- Wall/Window Unit(s)
Features
- First Floor Bedroom, First Floor Full Bath, Quartz/Quartzite Counters, Recessed Lighting
- Basement: Bilco Door(s)
Interior area
- Total structure area: 1,610
- Total interior livable area: 1,610 sqft
Property
Lot
- Size: 2,425 Square Feet
Details
- Parcel number: 004070010
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Condition
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public
Community & HOA
Location
- Region: Long Island City
Financial & listing details
- Price per square foot: $1,180/sqft
- Tax assessed value: $74,880
- Annual tax amount: $6,596
- Date on market: 7/1/2025
- Cumulative days on market: 61 days
- Listing agreement: Exclusive Right To Sell
- Tenant pays: All Utilities
- Electric utility on property: Yes
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