Queens » 11101 » 40th Ave » 2505 40th Ave

25-05 40th Avenue, Long Island City, NY 11101 - Property report

Also known as: 25-05 40th Ave

Property image for 25-05 40th Avenue, Long Island City, NY 11101

Property type

Over Six Families without Stores (C1)

Year built

1931

Lot sq. ft.

3,000

General information

Address

Primary address

25-05 40th Avenue

Alternate address(es)

25-05 - 25-07 40th Ave

ZIP code

11101

Neighborhood

LIC

Borough

Queens

Block & lot

00396-0002

Building

Property type

Over Six Families without Stores (C1)

Building sq. ft.

8,500

Building dimensions

30 ft x 89 ft

Buildings on lot

Stories

Year built

1931

Building material

Tax

Tax year

2026-2027

Property tax

$39,351

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

30 ft x 100.08 ft

Lot sq. ft.

3,000

Area overview

Walk score

97 /100. Walker's Paradise

Transit score

100 /100. Rider's Paradise

Bike score

87 /100. Very Bikeable

School district

Community district

Closest police station

0.65 Miles

Closest fire station

0.43 Miles

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

Ownership

Ownership information for 25-05 40th 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 25-05 40th 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
11/15/2023 - R	UCC3 Continuation (2023111400657001)	XXXXXXXX XXXXXXXXXX XXXX	XXXXXXXX XXXX
11/09/2018 - R	UCC3 Continuation (2018110101050001)	XXXXXXXX XXXXXXXXXX XXXX	XXXXXXXX XXXX
04/02/2014 - R	Initial UCC1 (2014032100188003)	XXXXXXXX XXXXXXXXXX XXXX	XXXXXXXX XXXX
04/02/2014 - R 03/17/2014 - D	Assignment of Leases and Rents (2014032100188002)	XXXXXXXX XXXXXXXXXX XXXX	XXXXXXXX XXXX
04/02/2014 - R 03/17/2014 - D	Mortgage (2014032100188001)	XXXXXXXX XXXXXXXXXX XXXX	XXXXXXXX XXXX
04/30/2007 - R 04/13/2007 - D	Satisfaction of Mortgage (2007042500570001)	XXXXXXXX XXXXXXXXXX XXXX	XXXXXX XXXXXXXXXXX X
09/10/1987 - R	Satisfaction of Mortgage (4910002371291)	XXXXXX XXXXXXXXXXXX	XXXXXXX XXX XX XXXX
05/05/1987 - R	Mortgage (4020002321002)	XXXXXXXX XXXXXXXXXXXXXX	XXXXXX XXXXXXXXXXXX
05/05/1987 - R	Deed (4010002321001)	XXXXXX XXXXXXXXXXXX	XXXXXXXX XXXXXXXXXXXXXX
05/22/1984 - R	Mortgage (4680002016968)	XXXXXX XXXXXXXXXXXX	XXXXXXX XXX XX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 25-05 40th 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

$39,351

Municipal exemptions

Recent tax assessments

Market value

$813,000

Assessed value

$365,850

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	$770,000	$346,500	$298,980	12.439%	$37,190	$37,190	+2.73%
2024/25	$673,000	$302,850	$289,620	12.5%	$36,203	$36,203	+21.87%
2023/24	$528,000	$237,600	$237,600	12.502%	$29,705	$29,705	-14.31%
2022/23	$731,000	$328,950	$282,600	12.267%	$34,667	$34,667	+11.60%
2021/22	$620,000	$279,000	$253,890	12.235%	$31,063	$31,063	+9.31%
2020/21	$666,000	$299,700	$231,660	12.267%	$28,418	$28,418	+12.41%
2019/20	$548,000	$246,600	$202,680	12.473%	$25,280	$25,280	+11.03%
2018/19	$575,000	$258,750	$180,540	12.612%	$22,770	$22,770	+20.19%
2017/18	$412,000	$185,400	$148,950	12.719%	$18,945	$18,945	+13.07%
2016/17	$373,000	$167,850	$129,960	12.892%	$16,754	$16,754	+15.23%

Permits

Permit information for 25-05 40th Avenue, Long Island City, NY

Filing date	Job type	Job status	Job description	Initial cost
03/03/2020	Alteration
11/23/2018	Alteration type 2
10/24/2018	Alteration
06/15/2015	Alteration type 2
07/22/1997	Alteration type 2

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID	Issue date	Type	Status
	01/23/2019	Aeuhaz1-fail to certify class 1
	01/23/2019	Aeuhaz1-fail to certify class 1
	01/23/2019	Aeuhaz1-fail to certify class 1

*Most recent DOB violations on record 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

Hurricane evacuation zones

Subway & traffic

Closest station

Queens Plaza North & 27th St at NW Corner

Station lines

N-Q-7

Distance (miles)

0.218

View subway map

Access the detailed traffic volume map for 25-05 40th 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 25-05 40th Avenue, Long Island City, NY

Frequently asked questions

What is the year built for 25-05 40th Avenue, Long Island City, NY 11101?

The development at 25-05 40th Avenue, Long Island City, NY 11101 was built in 1931.

What is the total square footage of 25-05 40th Avenue, Long Island City, NY 11101?

25-05 40th Avenue, Long Island City, NY 11101 has a total of 8,500 square feet.

What is the assessed value of 25-05 40th Avenue, Long Island City, NY 11101?

25-05 40th Avenue, Long Island City, NY 11101 is currently assessed at $365,850.

What are the property taxes for 25-05 40th Avenue, Long Island City, NY 11101?

The property taxes for 25-05 40th Avenue, Long Island City, NY 11101 total $39,350.

How many residential units does this building have?

This building has 12 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.