88-40 54th Avenue, Queens
Apartment building · 7 units · Block 1840, Lot 17.
Building permits
- New Building — Multi-Family, filed Jan 24, 2024, 7 units, 4 stories, described as “Herewith filed a 4-story 7-family new building.”
- Alteration, filed Mar 5, 2025, estimated cost $25K, 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.”
- Alteration, filed Feb 7, 2025, estimated cost $5K, described as “Proposed installation of heavy duty sidewalk shed as per plans. Live load 300 lbs per square feet. Sidewalk shed shall comply with chapter #33 of the NYC building code. No change in use, occupancy, or egress under this application.”
- Demolition, filed Dec 2, 2023, described as “This job is filed for demolition of one story garage.”
- Demolition, filed Dec 2, 2023, estimated cost $2K, described as “This job is filed for demolition of two story house.”
- Alteration, filed Dec 2, 2023, estimated cost $1K, described as “File temporary construction fence.”
Property taxes
- Assessment
- $325,800
- 2026–27 tax
- $28,473
- Market value (city estimate)
- $724,000
- Taxable value
- $228,898
- Assessed land
- $130,500
- Assessed improvements
- $195,300
Zoning
R6B: floor area ratio 2.06 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
- Aug 7, 2023: $1,225,000
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
Permits Filed for 88-40 54th Avenue in Elmhurst, Queens, New York YIMBY, Jun 7, 2025.