Prime Investment Opportunity in Long Island City. 12-07 40th Ave, is a multi-family property offering a blend of residential and commercial spaces in the Long Island City neighborhood. For cash flow or redevelopment. Property Overview: - Building Size: 25 x 38 - Lot Size: 25 x 100 - Total of three Apartments (as currently configured potential to make 4) - Ground FloorCommercial Space/office - Large Private Garden - Updated Kitchens and Bathrooms (needs to be finished but looking good) - A spacious and versatile area on the ground floor - for various business ventures ie. restaurant, retail, cosmetologists etc (must change c of o) - Located in an up-and-coming neighborhood that's on the path of progress. - Long Island City is a dynamic neighborhood with easy access to Manhattan. This property presents a unique opportunity for investors seeking both residential and commercial income streams. Could also be considered for complete redevelopment opportunity into multiple apartments. Contact us today to schedule a viewing of this property.