# 45-40 Vernon Boulevard, Queens

Industrial · built c. 1931 · Block 26, Lot 4.

On Umarelli: https://umarelli.org/nyc/4000260004/45-40-vernon-boulevard

More construction in Long Island City: https://umarelli.org/nyc/queens/long-island-city.md

## Building permits

- Alteration, filed Dec 5, 2025, estimated cost $1K, described as “Proposed installation of temporary pipe scaffold as per plans. Work shall comply with chapter #33 of 2022 the NYC building code. No change in use, occupancy, or egress under this application.”
- Alteration, filed Dec 4, 2025, estimated cost $359K, described as “Rooftop solar installation. No change to use, occupancy or egress.”
- Alteration, filed Nov 26, 2025, estimated cost $4K, described as “Alt-GC application hereby filed for a Temporary Use Permit for model apartments, pursuant to section AC 28-111 and Buildings Bulletin 2010-002.”
- Alteration, filed Nov 20, 2025, described as “Installation of temporary suspended scaffolds per plan submitted. Work shall comply with 2022 building code chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Nov 17, 2025, estimated cost $1K, described as “Installation and use of temporary mini crane as per plans filed herewith. No change in use, egress, or occupancy.”
- Alteration, filed Sep 22, 2025, estimated cost $1K, described as “Installation and use of temporary mini crane as per plans filed herewith. No change in use, egress, or occupancy.”
- Alteration, filed Feb 1, 2025, estimated cost $1K, described as “Installation of temporary roof protection as per plans. No change in use, egress or occupancy shall comply with CHAPTER#33 of 2022 the ny building code.”
- Alteration, filed Jan 13, 2025, estimated cost $14K, described as “Installation of 6441 lb dual personnel/material hoist car as per plans during construction. Hoist shall comply with chapter #33 of the 2022 code. No change in use, egress, or occupancy under this application.”
- Alteration, filed Dec 11, 2024, estimated cost $1K, described as “Installation of temporary heavy duty sidewalk shed as per plans. No change in use, egress or occupancy. Sidewalk shed shall comply with chapter #33 of 2022 the NYC building code. Live load 300PSF.”
- Major Renovation — Enlargement, filed Jul 23, 2024, estimated cost $40.0M, 182 units added, 22 stories, described as “Proposed twenty-two (22) story mixed-use building. (001-022 construction floors / 001-019, Penthouse 1, Penthouse 2, Penthouse 3 marketing floors.)”
- Alteration, filed May 23, 2024, estimated cost $8K, described as “Installation of shoring as per plan; no change in use, egress or occupancy under this application”
- Alteration, filed Apr 5, 2024, estimated cost $10K, described as “Installation of heavy duty sidewalk shed as per plans. No change in use occupancy or egress under this application. Sidewalk shed shall comply with chapter 33 of the 2022 NYC building code.”
- Alteration, filed Apr 5, 2024, estimated cost $8K, described as “Installation of heavy duty sidewalk shed as per plans. No change in use occupancy or egress under this application. Sidewalk shed shall comply with chapter 33 of the 2022 NYC building code.”
- Demolition, filed Mar 6, 2024, estimated cost $10K, described as “Full demolition of 1 story structure”
- Demolition, filed Feb 23, 2024, estimated cost $50K, described as “Full demolition of 3 story building”
- Alteration, filed Feb 21, 2024, estimated cost $54K, described as “Removal of rear portion of building as per plan using mechanical and non-mechanical means to assist”

## Property taxes

- Assessment: $1,743,750
- 2026–27 tax: $179,581
- Market value (city estimate): $3,875,000
- Taxable value: $1,655,429
- 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.

## 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.

## 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).

## 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](https://newyorkyimby.com/2026/08/paragon-lic-nears-completion-at-45-40-vernon-boulevard-in-long-island-city-queens.html), New York YIMBY, Aug 4, 2026.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology