New York City » 11101 » 51st Ave » 540 51st Ave

5-40 51st Avenue, Long Island City, NY 11101 - Property report

Also known as: 5-40 51st Ave

Property image for 5-40 51st Avenue, Long Island City, NY 11101

Property type

Two Family Converted from One Family (B3)

Year built

1881

Lot sq. ft.

2,500

General information

Address

Primary address

5-40 51st Avenue

ZIP code

11101

Neighborhood

Hunters Point

Borough

Queens

Block & lot

00034-0040

Building

Property type

Two Family Converted from One Family (B3)

Building sq. ft.

2,640

Building dimensions

20 ft x 46 ft

Buildings on lot

Stories

Year built

1881

Last altered

1993

Building material

Brick

Exterior wall

Brick/Masonary

Basement

Tax

Tax year

2026-2027

Property tax

$9,320

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Commercial units

Office sq. ft.

Retail sq. ft.

Lot

Frontage(s)

51 Avenue (narrow)

Nearest wide street

Queens Midtown Tunnel

Distance to wide street

Lot dimensions

25 ft x 100 ft

Lot sq. ft.

2,500

Area overview

Walk score

96 /100. Walker's Paradise

Transit score

100 /100. Rider's Paradise

Bike score

86 /100. Very Bikeable

School district

Community district

Closest police station

1.03 Miles

Closest fire station

0.26 Miles

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for 5-40 51st Avenue, Long Island City, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 5-40 51st Avenue, Long Island City, NY 11101

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
10/18/2023 - R 10/04/2023 - D	Deed (2023101600850001)	XXXXXX XXXX XXXXXXXXX	XXXXXX XXXXXX X
08/03/2018 - R 08/01/2018 - D	Satisfaction of Mortgage (2018080300120001)	XXXXXX XXXX XXXXXXXXX	XXXXXXXX XXXXX XXXX XX
02/11/2016 - R 01/29/2016 - D	Satisfaction of Mortgage (2016012901148001)	XXXXXXXXX XXXXXX XXXX	XXXXXXXX XXXXX XXXX X X
01/13/2011 - R 12/14/2010 - D	Subordination of Mortgage (2011010500557004)	XXXXXXXX XXXXX XXXX X X	XXXXXXXX XXXXX XXXX X X
01/13/2011 - R 12/14/2010 - D	Agreement (2011010500557003)	XXXXXXXXXXXXXXX XXXX	XXXXXXXX XXXXX XXXX X X
01/13/2011 - R 12/14/2010 - D	Mortgage (2011010500557002)	XXXXXXXXXXXXXXX XXXX	XXXXXXXX XXXXX XXXX X X
01/13/2011 - R 12/14/2010 - D	Assignment, Mortgage (2011010500557001)	XXXXX XXXX XXXXXXX XXX	XXXXXXXX XXXXX XXXX X X
10/05/2006 - R 09/12/2006 - D	Satisfaction of Mortgage (2006092602198001)	XXXXXX XXXX X	XXXXXXXX XXXXX XXXX XX
09/19/2006 - R 08/30/2006 - D	Mortgage (2006090601512001)	XXXXXX XXXX XXXXXXXXX	XX XXXXXX XXXXX XXXX XX
09/20/2004 - R 03/04/2004 - D	Agreement (2004042301508002)	XXXXXXXXX XXXXXX XXXX	XXXXXXXX XXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 5-40 51st Avenue, Long Island City, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax

Tax year

2025-2026

Property tax

$9,320

Municipal exemptions

Recent tax assessments

Market value

$2,277,000

Assessed value

$136,620

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year	Market value	Assessed value	Taxable amount	Tax rate	Base tax	Property tax	Y-o-Y change
2025/26	$2,524,000	$151,440	$44,309	19.843%	$8,792	$8,792	+4.72%
2024/25	$2,444,000	$146,640	$41,803	20.085%	$8,396	$8,396	0.00%
2023/24	$2,354,000	$141,240	$41,803	20.085%	$8,396	$8,396	+3.84%
2022/23	$1,961,000	$117,660	$39,812	20.309%	$8,085	$8,085	+3.49%
2021/22	$1,625,000	$97,500	$39,139	19.963%	$7,813	$7,813	+0.54%
2020/21	$1,663,000	$99,780	$36,924	21.045%	$7,771	$7,771	+5.38%
2019/20	$1,424,000	$85,440	$34,836	21.167%	$7,374	$7,374	+1.19%
2018/19	$1,443,000	$86,580	$34,836	20.919%	$7,287	$7,287	+7.75%
2017/18	$1,052,000	$63,120	$33,177	20.385%	$6,763	$6,763	+3.72%
2016/17	$874,000	$52,440	$32,616	19.991%	$6,520	$6,520	+8.37%

Permits

Permit information for 5-40 51st Avenue, Long Island City, NY

Filing date	Job type	Job status	Job description	Initial cost
06/15/2015	Alteration type 2
05/28/1993	Alteration type 2

*Most recent permits on record for this property.

More about New York City property records

Violations

HPD Violations

No recently recorded violations for this property.

Neighborhood

Hunters Point, Sunnyside, West Maspeth residential market stats

Access a detailed real estate market overview of Hunters Point, Sunnyside, West Maspeth so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in Hunters Point, Sunnyside, West Maspeth and compare it to other neighborhoods in Queens.

Median sale price

—

Median price/sq. ft.

—

Queens median sale price

$595,000

1.7% Y-o-Y

Check out recently sold homes in Queens and see how their prices compare.

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

FEMA flood zones

0.2

Hurricane evacuation zones

Subway & traffic

Closest station

Vernon Blvd & 50th Ave at SW Corner

Station lines

Distance (miles)

0.068

View subway map

Access the detailed traffic volume map for 5-40 51st Avenue, Long Island City, NY 11101 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Schools

Nearest elementary schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
P.S. 78	8	Yes	Public	PK, K-8	725	0.22
P.S. 78	8	Yes	Public	PK, K-8	725	0.22
Hunters Point Elementary School	7	No	Public	PK, K-4	302	0.37
Hunters Point Elementary School	7	No	Public	PK, K-4	302	0.37
Evangel Christian School	NR	No	Private	PK-12	437	0.72
Evangel Christian School	NR	No	Private	PK-12	437	0.72
Queens Paideia School	NR	No	Private		28	0.74
Lagcc Early Childhood Learning	NR	No	Private	PK, K-3	0	0.89
Lagcc Early Childhood Learning	NR	No	Private	PK, K-3	0	0.89
River School (The)	8	No	Public	PK, K-5	459	0.91

Nearest middle schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Is 204 Oliver W Holmes	4	Yes	Public	6-8	341	1.56
Hunters Point Community Middle	6	No	Public	6-8	365	0.22
P.S. 78	8	No	Public	PK, K-8	725	0.22
Evangel Christian School	NR	No	Private	PK-12	437	0.72
Queens Paideia School	NR	No	Private		28	0.74
Robert F Wagner Junior Secondary School-Arts and Technology	7	No	Public	6-12	611	0.98
Aaron School	NR	No	Private	K-12	169	1.02
British International School of NY	NR	No	Private	PK, K-8	0	1.02
Aaron School K - 12	NR	No	Private	K-12	185	1.03

Nearest high schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Academy for Careers In Television and Film	7	No	Public	9-12	540	0.22
Information Technology High School	4	No	Public	9-12	823	0.64
Evangel Christian School	NR	No	Private	PK-12	437	0.72
Queens Paideia School	NR	No	Private		28	0.74
Academy of Finance and Enterprise	8	No	Public	9-12	905	0.98
High School Of Applied Communications	5	No	Public	9-12	362	0.98
Robert F Wagner Junior Secondary School-Arts and Technology	7	No	Public	6-12	611	0.98
Bard High School Early College Queens	8	No	Public	9-12	671	0.99
Aaron School	NR	No	Private	K-12	169	1.02
Aaron School K - 12	NR	No	Private	K-12	185	1.03

Neighbors for 5-40 51st Avenue, Long Island City, NY

Frequently asked questions

What is the year built for 5-40 51st Avenue, Long Island City, NY 11101?

The development at 5-40 51st Avenue, Long Island City, NY 11101 was built in 1881.

What is the total square footage of 5-40 51st Avenue, Long Island City, NY 11101?

5-40 51st Avenue, Long Island City, NY 11101 has a total of 2,640 square feet.

What is the assessed value of 5-40 51st Avenue, Long Island City, NY 11101?

5-40 51st Avenue, Long Island City, NY 11101 is currently assessed at $136,620.

What are the property taxes for 5-40 51st Avenue, Long Island City, NY 11101?

The property taxes for 5-40 51st Avenue, Long Island City, NY 11101 total $9,319.

How many residential units does this building have?

This building has 2 residential unit(s).

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.