24-02 40th Avenue, Queens

Commercial · built c. 1931 · Block 407, Lot 21.

Building permits

No building permits on file for this lot.

Property taxes

Assessment
$693,450
2026–27 tax
$65,997
Market value (city estimate)
$1,541,000
Taxable value
$608,380
Assessed land
$270,000
Assessed improvements
$423,450

Zoning

M1-2/R5D: floor area ratio 2.00 built, 2.00 allowed by base zoning.

Flood zone

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

Recent sales

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

More construction in Long Island City

Every lot on block 407

Umarelli: construction in New York City and Jersey City