40-12 Crescent Street, Queens
Parking · Block 407, Lot 27.
Building permits
- New Building — Multi-Family, filed Aug 20, 2025, 22 units, 6 stories, described as “New 6-story mixed-use building. Obtain a new certificate of occupancy.”
- Alteration, filed May 30, 2026, estimated cost $5K, described as “Installation of construction fence as per the plan filed herewith. No change in use, occupancy or egress.”
Property taxes
- Assessment
- $440,550
- 2026–27 tax
- $37,871
- Market value (city estimate)
- $979,000
- Taxable value
- $349,110
- Assessed land
- $440,550
Zoning
M1-2/R5D: floor area ratio 0.00 built, 2.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Dec 10, 2024: $4,600,000, sold with other lots
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- 40-08 CRESCENT STREET (City Planning P2003Q0311): Completed, decided Sep 14, 2012. 04DCP015Q: ZONING AUTHORIZATION OPURSUANT TO ZR SECTION 42-47 TO ALLOWR ESIDENTIAL DEVELOPMENT IN AN M1-D ZONING DISTRICT
In the news
Permits Filed for 40-12 Crescent Street in Long Island City, Queens, New York YIMBY, Oct 16, 2026.