# 45-40 Pearson Street, Queens

Mixed use · 1 unit · built c. 1880 · Block 85, Lot 48.

On Umarelli: https://umarelli.org/nyc/4000850048/45-40-pearson-street

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

## Building permits

- New Building — Mid-Rise, filed Dec 2, 2025, 105 units, 17 stories, described as “Proposed seventeen (17) story mixed-use building.”
- Alteration, filed May 11, 2026, estimated cost $17K, described as “Installation of 7000 lb dual personnel 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 Apr 21, 2026, 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 Apr 18, 2026, 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.”
- Demolition, filed Aug 25, 2025, estimated cost $50K, described as “Full demolition of 1 story high metal structure using hand and mech equipment to assist”
- Demolition, filed Aug 25, 2025, estimated cost $20K, described as “Full demolition of 1 story commercial building”
- Demolition, filed Aug 25, 2025, estimated cost $40K, described as “Full demolition of 2 story commercial building”
- Demolition, filed Aug 25, 2025, estimated cost $50K, described as “Full demolition of 1 story commercial building”
- Demolition, filed Aug 25, 2025, estimated cost $20K, described as “Full demolition of 2 story metal structure”
- Demolition, filed Aug 25, 2025, estimated cost $30K, described as “Full demolition of 2 story wood frame house”
- Alteration, filed Jan 30, 2025, estimated cost $10K, described as “Replacement of Packaged Rooftop Unit (RTU#1) on roof of building.”

## Property taxes

- Assessment: $826,696
- 2026–27 tax: $83,330
- Market value (city estimate): $1,837,102
- Taxable value: $768,161
- Assessed land: $192,337
- Assessed improvements: $634,359

## Zoning

M1-5/R7-3: floor area ratio 0.98 built, 5.00 allowed by base zoning.

## Recent sales

- Dec 5, 2025: $2,293,070
- Apr 10, 2025: $1,150,000
- Jun 21, 2019: $1,100,000

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, moderate risk: a 0.2% chance of flooding each year. FEMA’s preliminary map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 10 ft (NAVD88).

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