40-11 72nd Street, Queens
Apartment building · 46 units · built 1965 · Block 1304, Lot 25.
Building permits
- Alteration, filed May 27, 2023, estimated cost $21K, described as “Tuck pointing, brick replacemnet, lintel scrape and paint, lintel replacement and window sill replacement work as per plan, no change in use, egress or occupancy.”
- Alteration, filed May 4, 2023, estimated cost $1K, described as “Installation of temporary heavy duty sidewalk shed as per plans. No change in use, egress or occupancy. Sidewalk shed shall comply with chapter #33 of the NYC building code. Live load 300PSF.”
- Alteration, filed Dec 18, 2022, estimated cost $20K, described as “Installation of gas meter , gas piping and gas train to replacement boiler / burner .”
- Alteration, filed Dec 18, 2022, estimated cost $180K, described as “Boiler and burner replacement”
Property taxes
- Assessment
- $1,579,950
- 2026–27 tax
- $153,876
- Market value (city estimate)
- $3,511,000
- Taxable value
- $1,485,180
- Assessed land
- $495,900
- Assessed improvements
- $1,084,050
Tax breaks
- Abatement (city code MCI), through Jun 30, 2027, a $30,865 credit this tax year.
Zoning
R6B (part of the lot is R6): floor area ratio 2.40 built, above the 2.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Mar 8, 2022: $9,600,000, sold with other lots
Open-market sales since 2016, from the Department of Finance’s sales files.