# 29-26 40th Avenue, Queens

Apartment building · 190 units · built 2024 · Block 402, Lot 32.

On Umarelli: https://umarelli.org/nyc/4004020032/29-24-40-avenue

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

## Building permits

- New Building — Mid-Rise, filed Mar 4, 2022, 190 units, 12 stories, described as “Application filed in order to erect 12-story mixed use new building.”
- Alteration, filed Jun 5, 2026, estimated cost $3K, described as “Installation of a temporary construction fence per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Apr 3, 2025, estimated cost $20K, described as “Tower b: equipment use: dual personnel/material hoists. Car # 3 shall be 7000# & car # 4 shall be 6626# capacity during NB const, filed sep. Hoists shall comply with ch #33 of the NYC bc. No change in use, occ or egress under this app.…”
- Alteration, filed Dec 5, 2024, estimated cost $13K, described as “Installation of a temporary needle beam per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Nov 18, 2024, estimated cost $46K, described as “Installation of a temporarily supported scaffold per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Oct 10, 2024, estimated cost $20K, described as “Equipment use: dual 7000 # capacity personnel/material hoists during NB const, filed sep. Hoists shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application. Elevator application submitted separately”
- Alteration, filed Aug 1, 2024, estimated cost $8K, described as “Installation of a temporary roof protection and overhead protection per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application”
- Alteration, filed Aug 1, 2024, estimated cost $9K, described as “Installation of a temporarily heavy-duty sidewalk shed per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Jan 23, 2023, estimated cost $3K, described as “8' Construction Fence”
- Alteration, filed Jan 23, 2023, estimated cost $3K, described as “8' Construction Fence”
- Alteration, filed Dec 27, 2022, estimated cost $5K, described as “Installation of 300 psf sidewalk shed as per plans. All equipment shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.”
- Alteration, filed Dec 8, 2022, estimated cost $4K, described as “Installation of temporary construction plywood fence as per plans. No change in use, egress or occupancy. Fence shall comply with chapter 33 of NYC building code of 2022.”
- Alteration, filed Dec 8, 2022, estimated cost $4K, described as “Installation of temporary construction plywood fence as per plans. No change in use, egress or occupancy. Fence shall comply with chapter 33 of NYC building code of 2022.”

## Property taxes

- Assessment: $13,250,250
- 2026–27 tax: $1,617,524
- Market value (city estimate): $29,445,000
- Taxable value: $13,003,650
- Assessed land: $1,248,750
- Assessed improvements: $12,001,500

## Zoning

M1-3/R7X: floor area ratio 6.95 built, above the 5.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Jul 27, 2022: $19,000,000, sold with other lots

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

## Flood zone

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

## In the news

[Housing Lottery Launches for DOMI at 29-24 40th Avenue in Long Island City, Queens](https://newyorkyimby.com/2026/10/housing-lottery-launches-for-domi-at-29-24-40th-avenue-in-long-island-city-queens.html), New York YIMBY, Oct 21, 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