# 23-06 40th Avenue, Queens

Two-family · built c. 1915 · Block 408, Lot 23.

On Umarelli: https://umarelli.org/nyc/4004080023/23-06-40-avenue

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

## Building permits

- Alteration, filed Feb 3, 2026, estimated cost $20K, described as “Installation of pipe scaffolding as per plans. All equipment shall comply with chapter # 33 of the 2022 code. No change in use occupancy or egress under this application.”
- Alteration, filed Jun 28, 2025, estimated cost $9K, described as “Installation of 300PSF sidewalk shed as per plans. All equipment shall comply with ch #33 of the NYC code 2022. No change in use, occupancy or egress under this application.”
- Major Renovation — Enlargement, filed Jun 17, 2024, estimated cost $1.8M, 4 units added, 4 stories, described as “Proposed new building with existing elements to remain for a 4 story mixed use building with 6 class a dwelling units”
- Alteration, filed Jun 17, 2024, estimated cost $8K, described as “Proposed construction fence for a new 5 story mixed use building with commercial and 6 dwelling units”

## Property taxes

- Assessment: $102,900
- 2026–27 tax: $7,661
- Market value (city estimate): $1,715,000
- Taxable value: $38,609
- Assessed land: $27,420
- Assessed improvements: $75,480

## Zoning

M1-2/R5D: floor area ratio 0.89 built, 2.00 allowed by base zoning.

## Recent sales

- Jul 23, 2021: $1,350,000

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