12-40 Sage Street, Queens
Two-family · built 1950 · Block 15508, Lot 9.
Building permits
- Major Renovation — Residential, filed Feb 10, 2026, estimated cost $2.1M, 2 units in all, 3 stories, described as “Filing to propose new 2 story +attic+ cellar steel frame building with existing foundation wall at exposure 3 to remain”
Property taxes
- Assessment
- $79,020
- 2026–27 tax
- $8,796
- Market value (city estimate)
- $1,317,000
- Taxable value
- $44,328
- Assessed land
- $15,540
- Assessed improvements
- $63,480
Zoning
R3X: floor area ratio 0.46 built, 0.75 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Apr 5, 2024: $1,200,000
Open-market sales since 2016, from the Department of Finance’s sales files.