40-14 157th Street, Queens
Commercial · built 2019 · Block 5275, Lot 36.
Building permits
- Alteration, filed Oct 14, 2022, estimated cost $2K, described as “Installation of non-illuminated business accessory sign on building side facade at first floor level.”
- Alteration, filed Feb 10, 2022, estimated cost $15K, described as “Awning installation at 2 story commercial building. No change in use, occupancy, egress and structure under this application.”
- Alteration, filed Oct 27, 2021, estimated cost $10K, described as “Plumbing work at 2 story commercial building. No change in use, occupancy, egress and structure under this application.”
- Alteration, filed Oct 21, 2021, estimated cost $30K, described as “Tenant space fitout interior renovation at 2 story commercial building. No change in use, occupancy, egress and structure under this application.”
- Alteration, filed Apr 17, 2018, estimated cost $5K, described as “Installation of temporary construction fence for demolition (421559904 & 421567628) and new building (421570918).”
Property taxes
- Assessment
- $753,750
- 2026–27 tax
- $40,192
- Market value (city estimate)
- $1,675,000
- Taxable value
- $670,590
- Assessed land
- $325,800
- Assessed improvements
- $427,950
Tax breaks
- ICAP abatement, through Jun 30, 2048, a $32,553 credit this tax year.
Zoning
R2: floor area ratio 0.99 built, above the 0.75 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Nov 8, 2017: $1,260,000
Open-market sales since 2016, from the Department of Finance’s sales files.