RealtyLens
for saleRealtyLens property overview
$1,400,000

40-21 27th St Unit 3W

Queens, NY, 11101
View more Queens, NY property pages
2Beds
2Baths
940Sqft
$1489$/sqft

Listing Notes

A Rare Terrace Masterpiece Iconic Indoor-Outdoor Living in the Heart of Long Island City Now Offering a Limited-Time Live For Free Incentive: One Year of Common Charges & Real Estate Taxes Covered. Introducing Residence #3W, an elevated 2-bedroom, 2-bathroom home featuring a one-of-a-kind sprawling private terrace. This sun-drenched residence offers a thoughtfully designed and flexible layout, with the potential to convert to a three-bedroom, all framed by floor-to-ceiling windows that flood the home with natural light throughout the day. The interiors are both warm and refined, featuring Canadian maple wood flooring and an expansive open-concept living and dining area. The chef's kitchen is elegantly appointed with soft-close cabinetry, premium quartz countertops, and a suite of Bosch and Samsung appliances, including an externally vented range hood. A true centerpiece of the home is the sprawling private terrace spanning over 1, 100 square feet a rare outdoor sanctuary ideal for entertaining, al fresco dining, or cultivating a lush garden retreat. Seamlessly extending the living space outdoors, this exceptional terrace offers a level of scale and versatility rarely found in condominium living. Additional features include individually controlled heating and cooling in every room, an in-unit Bosch washer and dryer, and a beautifully finished bathroom with large-format tile and a sleek floating vanity. Parking and private storage are available for separate purchase. Residents enjoy access to a landscaped rooftop deck with sweeping city views, all just moments from Queensboro Plaza, Queens Plaza, and Queensbridge subway lines, offering effortless access to Manhattan and beyond. The complete Offering Terms are available in an Offering Plan from the Sponsor. File No. CD 24-0284. Listing photography may include virtual staging to illustrate potential layouts and design possibilities. Incentives are discretionary, subject to sponsor approval, and may be modified, suspended, or withdrawn at any time without notice. Offers are available for a limited time and apply only upon fully-executed contract. All terms are subject to the provisions of the offering plan and final contract of sale.

Market Insights

Above nearby median+18%

$1489/sqft vs a nearby median of $1258/sqft.

Nearby median$1258/sqft
Nearby properties12
Property size940 sqft
  • +18% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 940 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$1.21M$1.15M$1.28M · 87% confidence
vs ask $1.40M+$186k (+13.3%)

Asking price is about 13.3% above where comps + adjustments land — there is room to negotiate.

$1,254/sqft median across 8 tight comps × 940 sqft= $1.18M
  • Transit access+$29k +2.5%
  • Modern construction+$18k +1.5%
  • Virtually staged−$12k −1.0%
Cumulative NYC adjustments+$35k+3.0%

Property Read

FreshnessCurrent market data

The listing facts are current enough for an initial property review.

Market Position+18% vs nearby

The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read2 items to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
29 days
Last price change
No change recorded
Listed
Apr 13, 2026
Photos
16 photos
Property type
condos
Status
for sale

Features & Amenities

City ViewOutdoor SpaceDining RoomLaundry RoomNew ConstructionPets AllowedViewWasher DryerTwo Or More StoriesGarage 1 Or MoreViewsChefs KitchenOpen ConceptHardwood FloorsDen

Photos

Building Facts

Year built
2025
Stories
6
Building area
30,249 sqft
Lot size
5,042 sqft
Building class
R0

From NYC public records where available.

Price History

May 4, 2026Initial record
$1,400,000for sale

Public Records

DOB violations0 open

5 total recorded against the building

HPD violations0 open

0 total recorded

ACRIS documents0

Tax-lot deed, mortgage, and transfer records on file

311 calls (12 mo)40,635

Top: illegal parking

Top complaint types in ZIP 11101

  • Illegal Parking18,125
  • Noise - Residential2,768
  • Blocked Driveway1,880
  • Street Condition1,740
  • Traffic Signal Condition1,182

Recent DOB

  • Aug 22, 2019V*-DOB VIOLATION - DISMISSED · AEUHAZ1-FAIL TO CERTIFY CLASS 1 NONE
  • Aug 22, 2019V*-DOB VIOLATION - DISMISSED · AEUHAZ1-FAIL TO CERTIFY CLASS 1 NONE
  • Aug 22, 2019V*-DOB VIOLATION - DISMISSED · AEUHAZ1-FAIL TO CERTIFY CLASS 1 NONE
  • Aug 22, 2019V*-DOB VIOLATION - DISMISSED · AEUHAZ1-FAIL TO CERTIFY CLASS 1 NONE

Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.

You can also find this listing on StreetEasy.

Listing data sourced from streeteasy.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.