Queens » 11101 » 40th Ave » 2402 40th Ave

24-02 40th Avenue, Long Island City, NY 11101 - Property report

Also known as: 40-01 24th St

Property image for 24-02 40th Avenue, Long Island City, NY 11101

Property type

Miscellaneous and Old Style Bank Buildings (O9)

Year built

1931

Lot sq. ft.

5,000

Sale price

$3,400,000

General information

Address

Primary address

24-02 40th Avenue

Alternate address(es)

24-02 - 24-06 40th Ave
40-01 - 40-09 24th St

ZIP code

11101

Neighborhood

LIC

Borough

Queens

Block & lot

00407-0021

Building

Property type

Miscellaneous and Old Style Bank Buildings (O9)

Building sq. ft.

10,000

Building dimensions

50 ft x 100 ft

Buildings on lot

Stories

Year built

1931

Last altered

2014

Building material

Sales

Sale date

08/15/2016

Sale price

$3,400,000

Tax

Tax year

2026-2027

Property tax

$65,997

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

50 ft x 100.83 ft

Lot sq. ft.

5,000

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

0.71 Miles

Closest fire station

0.41 Miles

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

Ownership

Ownership information for 24-02 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 24-02 40th Avenue, Long Island City, NY 11101

Sale date	Sale price	Buyer name	Seller name
08/15/2016	$3,400,000	XXXXXX XXXXXX XXX	XXXXXXXX XXXXXX, XXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
01/20/2017 - R 01/13/2017 - D	Satisfaction of Mortgage (2017011900837001)	XXXXXX XXXXXX XXX	XXXX XX XXXXXXX X X
01/19/2017 - R 01/13/2017 - D	Termination of Assign of L&R (2017011801816001)	XXXXXX XXXXXX XXX	XXXX XX XXXXXXX XX
12/13/2016 - R	Initial UCC1 (2016121300164002)	XXXXXX XXXXXX XXX	XXXX XX XXXXXXX X X
12/13/2016 - R	Initial UCC1 (2016121300164001)	XXXXXX XXXXXX XXX	XXXXXXX XXXXXXXX XXXXXXXXXX XXXXXXXXXXX XXX XXXX
12/07/2016 - R 08/15/2016 - D	Agreement (2016110800368007)	XXXX XX XXXXXXX X X	XXXXXXX XXXXXXXX XXXXXXXXXX XXXXXXXXXXX
12/07/2016 - R 08/15/2016 - D	Asgn of Asgn of L&R (2016110800368006)	XXXXXXX XXXXXXXX XXXXXXXXXX XXXXXXXXXXX	XXXXXX XXXXXX XXXXX XXXXXXXX XXXXXXXXXXXXXX
12/07/2016 - R 08/15/2016 - D	Assignment of Leases and Rents (2016110800368005)	XXXXXX XXXXXX XXX	XXXXXXX XXXXXXXX XXXXXXXXXX XXXXXXXXXXX
12/07/2016 - R 08/15/2016 - D	Assignment of Leases and Rents (2016110800368004)	XXXXXX XXXXXX XXX	XXXX XX XXXXXXX X X
12/07/2016 - R 08/15/2016 - D	Assignment, Mortgage (2016110800368003)	XXXXXXX XXXXXXXX XXXXXXXXXX XXXXXXXXXXX	XXXXXX XXXXXX XXXXX XXXXXXXX XXXXXXXXXXXXXX
12/07/2016 - R 08/15/2016 - D	Assignment, Mortgage (2016110800368002)	XXXXXXX XXXXXXXX XXXXXXXXXX XXXXXXXXXXX	XXXX XX XXXXXXX X X

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 24-02 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

$65,997

Municipal exemptions

Recent tax assessments

Market value

$1,541,000

Assessed value

$693,450

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	$1,432,000	$644,400	$595,080	10.848%	$64,554	$64,554	-5.19%
2024/25	$1,535,000	$690,750	$632,700	10.762%	$68,091	$68,091	+10.74%
2023/24	$1,290,000	$580,500	$580,500	10.592%	$61,487	$61,487	-0.43%
2022/23	$1,289,000	$580,050	$580,050	10.646%	$61,752	$61,752	-1.93%
2021/22	$1,301,000	$585,450	$585,450	10.755%	$62,965	$62,965	-12.98%
2020/21	$1,615,000	$726,750	$676,635	10.694%	$72,359	$72,359	+5.94%
2019/20	$1,529,000	$688,050	$648,204	10.537%	$68,301	$68,301	+7.40%
2018/19	$1,520,000	$684,000	$604,887	10.514%	$63,598	$63,598	+28.78%
2017/18	$1,368,000	$615,600	$469,710	10.514%	$49,385	$49,385	+12.68%
2016/17	$1,157,000	$520,650	$414,470	10.574%	$43,826	$43,826	+11.48%

Permits

Permit information for 24-02 40th Avenue, Long Island City, NY

Filing date	Job type	Job status	Job description	Initial cost
07/25/2014	Alteration type 3
07/07/2014	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
	12/31/2009	Lblvio-low pressure boiler
	01/01/2009	Ll6291-local law 62/91 - boilers
	01/31/2005	Ll6291-local law 62/91 - boilers

*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

21st St & 41st Ave at NE Corner

Station lines

Distance (miles)

0.174

View subway map

Access the detailed traffic volume map for 24-02 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

Frequently asked questions

What is the year built for 24-02 40th Avenue, Long Island City, NY 11101?

The development at 24-02 40th Avenue, Long Island City, NY 11101 was built in 1931.

What is the market value of 24-02 40th Avenue, Long Island City, NY 11101?

The current market value of 24-02 40th Avenue, Long Island City, NY 11101 is $1,541,000.

What is the total square footage of 24-02 40th Avenue, Long Island City, NY 11101?

24-02 40th Avenue, Long Island City, NY 11101 has a total of 10,000 square feet.

What is the price per square foot for this property?

$340 per square foot is the price for 24-02 40th Avenue, Long Island City, NY 11101.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 1.

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.