About this home

14-45 40th Drive - Long Island City Fully updated two-family home located in the heart of Long Island City/Astoria. The property is currently tenant occupied and offers two spacious units with modern finishes. Both apartments feature kitchen/living room combinations, dishwashers, in-unit laundry, and separate utilities paid by the tenants, providing low operating expenses for ownership. Layout: The first-floor unit is a spacious 3-bedroom, 3-bathroom duplex with direct access to a large private backyard. The second-floor unit features 3 bedrooms and 2 bathrooms. Both units offer functional layouts with kitchen/living room combinations, dishwashers, and in-unit laundry. Conveniently located near transportation, shopping, restaurants, and neighborhood amenities. An excellent opportunity to own a fully updated, income-producing two-family property in a prime LIC/Astoria location. That gives you the same selling points without making promises about future appreciation or investment returns. One thing I would verify before putting it live: make sure the legal use/CO supports the advertised two-family configuration and bedroom/bathroom counts, especially the duplex. Featured Residential Sales.

Facts and features

Schools

• Ps 171 Peter G Van Alst

  elementary · K-5 · 0.2 mi

  6

• Albert Shanker School For Visual And Performing Ar

  middle · 6-8 · 0.2 mi

  8

• Long Island City High School

  high · 9-12 · 0.3 mi

  3

• Ideal Islamic School

  elementary · K-6 · 0.2 mi

• Our Lady of Mount Carmel School

  elementary · K-8 · 0.3 mi

• St Demetrios School

  elementary · K-12 · 0.3 mi

Price history

• Oct 28, 2026 · Price Changed$1,699,999
• Sep 8, 2026 · Listed$1,750,000
• Feb 18, 2016 · Sold$975,000

Tax history

• 2026$6,104 tax · $122,220 assessed
• 2025$8,034 tax · $122,220 assessed
• 2024$7,771 tax · $113,040 assessed
• 2023$7,793 tax · $109,140 assessed
• 2022$7,230 tax · $90,900 assessed
• 2021$7,193 tax · $97,260 assessed
• 2020$7,230 tax · $95,580 assessed
• 2019$6,745 tax · $81,840 assessed

Home value

$1,729,900

• Cotality$1,729,900
• Collateral Analytics$1,732,000
• Quantarium$1,674,128

Where it is