# 12-40 Sage Street, Queens

Two-family · built 1950 · Block 15508, Lot 9.

On Umarelli: https://umarelli.org/nyc/4155080009/12-40-sage-street

More construction in Far Rockaway: https://umarelli.org/nyc/queens/far-rockaway.md

## 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.

## Recent sales

- Apr 5, 2024: $1,200,000

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