29-27 40th Road, Queens
Hotel · built 2012 · Block 402, Lot 12.
Building permits
No building permits on file for this lot.
Property taxes
- Assessment
- $8,987,400
- 2026–27 tax
- $214,595
- Market value (city estimate)
- $19,972,000
- Taxable value
- $1,978,200
- Assessed land
- $607,500
- Assessed improvements
- $8,379,900
Tax breaks
- ICAP/ICIP exemption, through Jun 30, 2037, about $671,269 a year below the full tax.
Zoning
M1-3/R7X: floor area ratio 8.01 built, above the 5.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Board and land use applications
- Appeal (Board of Standards and Appeals 264-08-AII): Appeal, Granted, filed Dec 22, 2010, decided Feb 1, 2011. Extension of Time to complete construction and obtain a Certificate of Occupancy for a previously-granted Common Law vesting application which expires on February 3, 2011. M1-3D previous zoning districts; M1-3/R7X current zoning district.
- Appeal (Board of Standards and Appeals 264-08-A): Appeal, Granted, filed Oct 24, 2008, decided Feb 3, 2009. An appeal seeking a determination that the owner of said premises has acquired a common law vested right to continue development commenced under the prior R7-1/C1-2 Zoning District.
- Extension to finish construction (Board of Standards and Appeals 263-08-BZY): Extension to finish construction, Withdrawn, filed Oct 24, 2008, decided Feb 3, 2009. Extension of time to complete construction (§11-331) of a minor development commenced prior to the amendment of the zoning district regulations. R7B/C1-3.