# 24-02 40th Avenue, Queens

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

On Umarelli: https://umarelli.org/nyc/4004070021/24-02-40-avenue

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

Every lot on block 407: https://umarelli.org/nyc/queens/407.md

## 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.

## Recent sales

- Aug 15, 2016: $3,400,000

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

## Flood zone

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

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