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12-07 40th Ave

Hunter's Point, New York City, NY

Features of 12-07 40th Ave

Floors
2
Total Size
1,824 sqft
Lot Size
0 acres
Zoning
R6 C3-4
Year Constructed
1901

About 12-07 40th Ave

The two-story mixed-use property at 12-07 40th Avenue in New York is part of a redevelopment area where two new large hotels have already been completed. Built in 1901, the property comprises of a total size of 1,824 square feet and is perfect for investors and owner-users looking for a rental income rather than having to rent office space and carry all the costs.

12-07 40th Avenue in New York carries zoning for R6 with C3-4 commercial overlay. It is possible to add on to the existing structure with a maximum FAR 2.43. The lot size measures 25 x 100, which allows for an additional 6,000 square feet to be build.

Tenants at 12-07 40th Avenue in New York pay their own electric and heating. The property boasts three units, of which unit A is for retail and Unit B is a two-bedroom apartment. Unit C has three bedrooms.

This income property has the potential to generate $72,000 gross per annum with operating expenses of $10,280.

12-07 40th Avenue in New York features an attractive white and dark blue facade with early 20th century decorative stucco elements such as a cornice with dentils at its roof line.

Internet Providers for 12-07 40th Ave

Provider Technology Max Download Speed Max Upload Speed
25 Mb/s: RCN Cable
1 Gb/s
25 Mb/s
25 Mb/s: Verizon New York Fiber
1 Gb/s
25 Mb/s
6 Mb/s: Time Warner Cable Cable
100 Mb/s
6 Mb/s
25 Mb/s: MegaPath DSL
25 Mb/s
25 Mb/s

The Market: New York City

New York City
Median Rate
$70
/sqft/yr

Median Rate over Time in New York City

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