# 27-09 40th Avenue, Queens

Condominium · 46 units · built 2023 · Block 397, Lot 7502.

On Umarelli: https://umarelli.org/nyc/4003977502/27-09-40-avenue

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

## Building permits

No building permits on file for this lot.

## Property taxes

- Assessment: $10,650,158
- 2026–27 tax: $1,156,218
- Market value (city estimate): $23,666,998
- Taxable value: $10,593,826
- Assessed land: $1,319,853
- Assessed improvements: $9,330,305
- Condo units with their own tax lots: 49

## Zoning

M1-2/R5D: floor area ratio 4.41 built, above the 2.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Aug 11, 2026: $816,000, Apt 2C
- Dec 23, 2025: $1,221,900, Apt 5A
- Dec 19, 2025: $1,221,900, Apt 3B
- Nov 6, 2025: $1,041,965, Apt 6C
- Sep 12, 2025: $797,585, Apt 3G
- Aug 28, 2025: $905,001, Apt 2E
- Aug 28, 2025: $1,160,000, Apt 3C
- Aug 27, 2025: $884,136, Apt 6H
- Aug 26, 2025: $870,604, Apt 5H
- Aug 22, 2025: $1,170,000, Apt 5C

The 10 most recent of 36 open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## In the news

[Noble LIC’s Exterior Takes Shape at 27-09 40th Avenue in Long Island City, Queens](https://newyorkyimby.com/2023/11/noble-lics-exterior-takes-shape-at-27-09-40th-avenue-in-long-island-city-queens.html), New York YIMBY, Nov 12, 2023.

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