# 407 Elk Drive, Queens

Apartment building · 82 units · built 1957 · Block 15767, Lot 1.

On Umarelli: https://umarelli.org/nyc/4157670001/407-elk-drive

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

Every lot on block 15767: https://umarelli.org/nyc/queens/15767.md

## 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.

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