Commercial For Sale near East River

23-03 40th Ave presents a compelling opportunity for investors and developers to unlock value in a rapidly evolving Queens submarket. With M1-2, R5D zoning and a sizable lot footprint, the property is well-suited for redevelopment into multifamily housing or a mixed-use concept that aligns with the neighborhood's growth trajectory. Its proximity to major transit lines and local amenities enhances its appeal for future residents and tenants. This is a strategic acquisition for those seeking to build or reposition in a high-demand, low-supply corridor. The property with tenant pay for $8000/monthly, the lease end on 09/30/2026.

Property Details

  • Beds: 0
  • Baths: 0.0
  • Year Built: 0
  • Location: East River
  • Acres: 0.080
  • County: Queens County
  • Roof:
  • Property Taxes: $26,800
  • MLS #: 932887

Location

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Contact Information:

Contact Agent
Listing Agent: Xuxin Chen, E REALTY INTERNATIONAL CORP., 929-615-2828, 718-886-8110 Listing Site, Listing Status: Active
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Ad Statistics:

Lake Commercial For Sale in Long Island City, New York
Ad Number : 7171297
Viewed: 24 times
Added: Jan 08, 2026
Updated on: Jan 08, 2026
All information provided is deemed reliable but is not guaranteed and should be independently verified.