407 Elk Drive, Queens
Apartment building · 82 units · built 1957 · Block 15767, Lot 1.
Building permits
- Alteration, filed Dec 12, 2025, estimated cost $25K, described as “Propose to remove one (1) abandoned 4,000 gallon fuel oil tank. No change to use, egress or occupancy.”
- Alteration, filed Feb 17, 2022, estimated cost $18K, described as “Installation of heavy duty sidewalk shed as per plans. No change in use occupancy or egress under this application. Sidewalk shed shall comply with chapter 33 of the 2014 NYC building code.”
- Alteration, filed Nov 29, 2021, estimated cost $6K, described as “Faade repair, brick repointing, brick replacment, replace/reset coping stone, balcony concrete patch repair. No roof work, no change in egress, no change in occupancy.”
Property taxes
- Assessment
- $2,409,750
- 2026–27 tax
- $259,717
- Market value (city estimate)
- $5,355,000
- Taxable value
- $2,306,610
- Assessed land
- $229,950
- Assessed improvements
- $2,179,800
Tax breaks
- Abatement (city code MCI), through Jun 30, 2027, a $27,202 credit this tax year.
Zoning
R5: floor area ratio 2.86 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.