# 40-12 Crescent Street, Queens

Parking · Block 407, Lot 27.

On Umarelli: https://umarelli.org/nyc/4004070027/40-12-crescent-street

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

## 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.

## 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.

## Flood zone

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

## 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](https://newyorkyimby.com/2026/10/permits-filed-for-40-12-crescent-street-in-long-island-city-queens.html), New York YIMBY, Oct 16, 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