# 40-16 73rd Street, Queens

Co-op · 43 units · built c. 1926 · Block 1304, Lot 49.

On Umarelli: https://umarelli.org/nyc/4013040049/40-16-73-street

More construction in Elmhurst: https://umarelli.org/nyc/queens/elmhurst.md

Every lot on block 1304: https://umarelli.org/nyc/queens/1304.md

## Building permits

- Alteration, filed Oct 14, 2022, estimated cost $1K, described as “Proposed installation of temporary pipe scaffold as per plans. Work shall comply with chapter #33 of the NYC building code. No change in use, occupancy, or egress under this application.”

## Property taxes

- Assessment: $1,195,200
- 2026–27 tax: $98,557
- Market value (city estimate): $2,656,000
- Taxable value: $982,570
- Assessed land: $387,000
- Assessed improvements: $808,200

## Tax breaks

- Co-op and condo abatement, with no end date, a $24,313 credit this tax year.

## Zoning

R5 (part of the lot is R6B): floor area ratio 1.86 built, above the 1.50 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- May 19, 2025: $351,000
- Jan 31, 2024: $213,457
- Jan 26, 2024: $220,000
- Jan 18, 2024: $225,000
- Nov 9, 2023: $225,000
- Jun 29, 2023: $289,000
- Feb 3, 2023: $217,500
- May 20, 2019: $260,000
- May 3, 2019: $250,000
- Dec 18, 2018: $250,000

The 10 most recent of 11 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