45-40 Vernon Boulevard, Queens
Industrial · built c. 1931 · Block 26, Lot 4.
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Building permits
Permit records are unavailable right now; the map lists them once the city responds.
Property taxes
- Assessment
- $1,743,750
- 2026–27 tax
- $179,581
- Assessed land
- $1,043,550
- Assessed improvements
- $700,200
Zoning
M1-6A/R9: floor area ratio 1.94 built, 8.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 10 ft (NGVD29). FEMA’s preliminary map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 11 ft (NAVD88).
Recent sales
- Apr 19, 2024: $47,000,000, sold with other lots
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- Long Island City Neighborhood Plan (City Planning 2024Q0304): Zoning map change, Zoning text change, Urban development action area, Completed, filed Apr 18, 2025, decided Nov 12, 2025. In coordination with its agency partners, DCP is leading a neighborhood study in Long Island City that focuses on areas adjacent to the Special Long Island City Mixed Use District, including the waterfront. This plan seeks to increase the…
- 45-40 Vernon Blvd. Waterfront Certification (City Planning 2023Q0403): Certification, Completed, filed Apr 30, 2024, decided May 21, 2025. A waterfront certification to facilitate 3,560 sf of waterfront open space adjacent to a 21-story, approximately 192,400 sf residential and commercial building is being sought by CSC 4540 Property Co LLC at 45-40 Vernon Blvd in Long Island…
- Long Island City BID Expansion (City Planning 2024Q0254): Business improvement district, Completed, filed Feb 2, 2024. An application from the Small Business Services (SBS) on behalf of the Long Island City Business Improvement District (BID) to modify the existing plan and expand the BID in Community Districts 1 and 2 of Queens.
In the news
Paragon LIC Nears Completion At 45-40 Vernon Boulevard In Long Island City, Queens, New York YIMBY, Aug 4, 2026.