New York City » 11101 » Railroad Ave » 3840 Railroad Ave

38-40 Railroad Avenue, Long Island City, NY 11101 - Property report

Also known as: 38-40 Railroad Ave

Property image for 38-40 Railroad Avenue, Long Island City, NY 11101

Property type

Zoned Commercial or Manhattan Residential (V1)

Lot sq. ft.

12,200

Sale price

$1,500,000

General information

Address

Primary address

38-40 Railroad Avenue

ZIP code

11101

Neighborhood

Sunnyside

Borough

Queens

Block & lot

00312-1367

Building

Property type

Zoned Commercial or Manhattan Residential (V1)

Building material

Sales

Sale date

09/26/2016

Sale price

$1,500,000

Tax

Tax year

2026-2027

Property tax

$31,584

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Office sq. ft.

Retail sq. ft.

Lot

Lot dimensions

121 ft x 100 ft

Lot sq. ft.

12,200

Area overview

Walk score

47 /100. Car-Dependent

Transit score

46 /100. Some Transit

Bike score

45 /100. Somewhat Bikeable

School district

Community district

Closest police station

0.93 Miles

Closest fire station

0.42 Miles

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

Ownership

Ownership information for 38-40 Railroad 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 38-40 Railroad Avenue, Long Island City, NY 11101

Sale date	Sale price	Buyer name	Seller name
09/26/2016	$1,500,000	XXXXX XXXXXXXX XXXXXX XXX	XXXXX XXXXXXXXXX XX XXX XXXX X X X
06/27/2013	$1	XXXXX XXXXXXXXXX XX XXX XXXX X X X	XXXXX XXXXXXXXXX XXXXXXXX, XXX. XXX XXXXX XXXXXXXXXX XX XXX XXXXXX, XXX.

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
10/18/2017 - R 07/28/2017 - D	Sundry Agreement (2017101600276001)	XXXXX XXXXXXXXXX XX XXX XXXX X X X	XXXXXX X XXX
10/04/2016 - R 09/26/2016 - D	Deed (2016100301266001)	XXXXX XXXXXXXXXX XX XXX XXXX X X X	XXXXX XXXXXXXX XXXXXX XXX
08/13/2013 - R 06/27/2013 - D	Deed (2013071701297001)	XXXXX XXXXXXXXXX XXXXXXXX XXX	XXXXX XXXXXXXXXX XX XXX XXXX X X X
05/11/2001 - R	Sundry Agreement (4620007659962)	XXXXX XXXXXXXXXX XXXXX XXXX XXX	XXXXXX X XX
04/03/1998 - R	UCC3 Termination (4050005994705)	XXXXXX XXXXXX XXXXXXXXXXX XXX	XXXXXXX XXXXXX
03/10/1998 - R	Power of Attorney (4250005964325)	XXXXX XXXXXXX X	XXXXX XXXXX X
03/10/1998 - R	Satisfaction of Mortgage (4360005965536)
03/10/1998 - R 01/29/1998 - D	Deed (4300005964330)	XXXXXX XXXXXX XXXXXXXXXXX XXX	XXXXX XXXXXXXXXX XXXX XXXX XXX XX
03/05/1996 - R 02/15/1996 - D	Deed (4350005065435)	XXXXXXX XXX (XXXXXXXXXX)	XXXXX XXXXXXXXXX XXXXX XXXX XXXX XX
03/05/1996 - R 02/15/1996 - D	Deed (4180005065418)	XXXXXX XXX XXXXXXXXXXX XXX	XXXXXX XXX XXXXXXXXXXXXX (XXXXXXX)

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 38-40 Railroad 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

$31,584

Municipal exemptions

Recent tax assessments

Market value

$739,000

Assessed value

$332,550

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	$586,000	$263,700	$263,700	10.848%	$28,606	$28,606	-1.74%
2024/25	$617,000	$277,650	$270,510	10.762%	$29,112	$29,112	+6.83%
2023/24	$630,000	$283,500	$257,280	10.592%	$27,251	$27,251	+0.98%
2022/23	$663,000	$298,350	$253,500	10.646%	$26,988	$26,988	-4.45%
2021/22	$584,000	$262,800	$262,620	10.755%	$28,245	$28,245	+8.49%
2020/21	$541,000	$243,450	$243,450	10.694%	$26,035	$26,035	+16.82%
2019/20	$470,000	$211,500	$211,500	10.537%	$22,286	$22,286	-19.89%
2018/19	$588,000	$264,600	$264,600	10.514%	$27,820	$27,820	-3.93%
2017/18	$735,000	$330,750	$275,418	10.514%	$28,957	$28,957	+5.83%
2016/17	$706,000	$317,700	$258,768	10.574%	$27,362	$27,362	+5.43%

Permits

Permit information for 38-40 Railroad Avenue, Long Island City, NY

Filing date	Job type	Job status	Job description	Initial cost
01/28/2020	New building
09/20/1991	Subdivision: unimproved

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

No recently recorded violations for this property.

Listings

Neighborhood

Queens commercial market stats

Review a detailed real estate market overview of Queens and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Queens and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$458

1.2% Y-o-Y

Q1 2026 median price/sq. ft.

$434

-0.5% Y-o-Y

2025 median price/sq. ft.

$452

4.2% 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,AE,X

Hurricane evacuation zones

2,3

Subway & traffic

Closest station

Manhattan Ave & Norman Ave at NE Corner

Station lines

Distance (miles)

0.915

View subway map

Access the detailed traffic volume map for 38-40 Railroad 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

Neighbors for 38-40 Railroad Avenue, Long Island City, NY

Frequently asked questions

What is the market value of 38-40 Railroad Avenue, Long Island City, NY 11101?

The current market value of 38-40 Railroad Avenue, Long Island City, NY 11101 is $739,000.

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.