40-25 Crescent Street, Queens
Industrial · built 1957 · Block 406, Lot 12.
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Building permits
Permit records are unavailable right now; the map lists them once the city responds.
Property taxes
- Assessment
- $1,807,200
- 2026–27 tax
- $183,890
- Market value (city estimate)
- $4,016,000
- Taxable value
- $1,695,150
- Assessed land
- $813,600
- Assessed improvements
- $993,600
Tax breaks
- ICAP/ICIP exemption, through Jun 30, 2028, about $7,010 a year below the full tax.
Zoning
M1-2/R6A: floor area ratio 0.53 built, 3.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Board and land use applications
- 40-25 Crescent Street Rezoning (City Planning 2020Q0105): Zoning map change, Zoning text change, Completed, decided Oct 20, 2022. A rezoning from M1-2/R5D and M1-2/R5B to M1-2/R6A, and related zoning text amendment to enable and establish MIH provisions within the Special LIC Mixed Use District, to facilitate a new seven-story mixed-use building with 175,000 sf,…
In the news
Permits Filed for 40-25 Crescent Street in Long Island City, Queens, New York YIMBY, Apr 22, 2023.