40-21 159th Street, Queens
Commercial · built 2009 · Block 5278, Lot 9.
Building permits
- Alteration, filed Jan 23, 2026, estimated cost $78K, described as “Mechanical work for HVAC system”
- Alteration, filed Jan 23, 2026, estimated cost $93K, described as “Applicarion filed for structural work for mezzanine level.”
- Alteration, filed Jun 6, 2025, estimated cost $621K, described as “New certificate of occupancy with conversion from retail store to a community school including installation of partitions & new floor area. Plumbing filed under # Q01207542”
- Alteration, filed May 28, 2025, estimated cost $48K, described as “Application filed herewith to file plan for work modification to the existing sprinkler system to accomodate the new space . DOB#Q01217358”
- Alteration, filed Apr 9, 2025, estimated cost $69K, described as “Application filed for minor interior partitions work; create a glass partition; remove a spiral stairs and create an door opening. Painting and replace floors”
Property taxes
- Assessment
- $404,100
- 2026–27 tax
- $36,712
- Market value (city estimate)
- $898,000
- Taxable value
- $404,100
- Assessed land
- $74,700
- Assessed improvements
- $329,400
Tax breaks
- ICAP abatement, through Jun 30, 2027, a $7,125 credit this tax year.
Zoning
R5B: floor area ratio 1.98 built, above the 1.50 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 3, 2025: $3,590,000
- Apr 10, 2017: $2,700,000
Open-market sales since 2016, from the Department of Finance’s sales files.