Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,550,000

· Closed June 4, 2020

40 27TH Street #NA
Closed For Sale Multi Family

$1,550,000

40 27TH Street #NA

Long Island City, Queens

MLS® #RLS10592537

RLS at REBNY

Listing by Halstead dba Brown Harris Stevens Residential Sales LLC

5

Bedrooms

2

Baths

N/A

Sq. Ft.

N/A

Year Built

Quick Summary

Bedrooms 5
Bathrooms 2
Year Built N/A
Neighborhood Long Island City

Property Highlights

  • Location: Long Island City, Queens
  • Property Type: Multi Family

Property Details

Listing History

Event Date Price Change
Listed Jan 22, 2020 $1,700,000 -
Currently Apr 22, 2026 $1,550,000 -8.8%

Description

Seize the opportunity of this LIC multi-family home which sits on a lot of 25 x100.83. Remove the home and build up the potential FAR of 5,042 Sf! The site is ideal for development and is zoned M1-2/R5B. Near the N W E M R 7 trains at Queens Plaza/Queensboro Plaza Stations and many trendy spots of Long Island City and Astoria Queens. Offered vacant and as is. Visit 40-37 27th Street in Long Island City, NY 11101.

Features & Amenities

Appliances

Washer Dryer Allowed

Building Information

Total Units 2
Stories 2

Long Island City sits directly across the East River from Midtown Manhattan, reachable in one stop on the 7 train. LIC has added more than 12,000 residential units since 2015, transforming former industrial blocks into a corridor of glass-tower condos, converted loft co-ops, and rental high-rises along the waterfront. Gantry Plaza State Park, MoMA PS1, and the Hunters Point Library anchor the neighborhood’s cultural identity. Median condo prices run roughly 30-40% below comparable Manhattan waterfront units, drawing both first-time buyers and investors looking for appreciation in one of the city’s highest-growth zip codes.

Long Island City Live Market Data

View Neighborhood

Active Listings

167

Median Asking Price

$1.20M

Median $/Sqft

$1,526

Avg Days on Market

N/A

New This Week

11

Price Reduced

17%

Sold (30 Days)

13

Median Sale Price

$1.24M

Live data from RLS at REBNY • Updated 4/22/26, 1:31 PM EST

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Location

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40 27TH Street #NA, Long Island City, Queens County

Building Information

Official NYC property records for this building

2014
Year Built
12 years old
10
Floors
M1-2/R6A
Zoning District

Tax & Assessment

Assessed Value: $2,638,800
Land Value: $270,000
Exemptions: $2,368,800

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 5,000 SF
Building Area: 31,383 SF
Built FAR: 6.28
Allowed FAR: 3

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

This property has 5 bedrooms and 2 full bathrooms.

Pet policy requires confirmation with the listing broker.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10592537
First Listed: 1/22/2020
Closed: 6/4/2020
Contract Date: 1/22/2020

Listing Courtesy of Halstead dba Brown Harris Stevens Residential Sales LLC - George Arana

Listing Contact: (212) 381-6568

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 4/22/2026 at 5:31 PM UTC

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