New York City » 11358 » 161st St » 4240 161st St

42-40 161st Street, Flushing, NY 11358 - Property report

Also known as: 42-40 161st St

Property image for 42-40 161st Street, Flushing, NY 11358

Property type

Two Family Converted from One Family (B3)

Year built

1920

Lot sq. ft.

4,000

Sale price

$970,000

General information

Address

Primary address

42-40 161st Street

Alternate address(es)

42-40 Garage 161st St

ZIP code

11358

Neighborhood

East Flushing

Borough

Queens

Block & lot

05391-0048

Building

Property type

Two Family Converted from One Family (B3)

Building sq. ft.

3,435

Building dimensions

27 ft x 50 ft

Buildings on lot

Stories

Year built

1920

Building material

Brick

Exterior wall

Composition

Basement

Sales

Sale date

01/22/2021

Sale price

$970,000

Tax

Tax year

2026-2027

Property tax

$13,597

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)

161 Street (narrow)

Nearest wide street

Sanford Avenue

Distance to wide street

Lot dimensions

40 ft x 100 ft

Lot sq. ft.

4,000

Area overview

Walk score

95 /100. Walker's Paradise

Transit score

74 /100. Excellent Transit

Bike score

71 /100. Very Bikeable

School district

Community district

Closest police station

1.12 Miles

Closest fire station

0.43 Miles

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

Ownership

Ownership information for 42-40 161st Street, Flushing, 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 42-40 161st Street, Flushing, NY 11358

Sale date	Sale price	Buyer name	Seller name
01/22/2021	$970,000	XXXXX, XXX XXXX XXX XXX, XXXXXXX	XXXX, XXXX XXX XXX XXXX, XX XXXX XXX XX, XXXX XX
02/19/2003	$426,000	XXXX, XXXX XXX XXX XX, XXXX XX	XXX, XXXXXXX XXX XXX, XXXXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
05/19/2021 - R 05/07/2021 - D	Satisfaction of Mortgage (2021050701009001)	XXXX XXXX XXX	XXXXXX XXXX
02/23/2021 - R 02/04/2021 - D	Satisfaction of Mortgage (2021020500558001)	XXXX XXXX XXX	XXXXXX XXXX XXXXXXX XXXX
02/10/2021 - R 01/22/2021 - D	Mortgage (2021020500396002)	XXXXX XXX XXXX	XXXX
02/10/2021 - R 01/22/2021 - D	Deed (2021020500396001)	XXXX XXXX XXX	XXXXX XXX XXXX
10/07/2019 - R 09/23/2019 - D	Mortgage (2019100300417002)	XXXX XXXX XXX	XXXXXX XXXX
10/07/2019 - R 09/23/2019 - D	Deed (2019100300417001)	XXXX XXXX XXX	XXXX XXXX XXX
08/24/2013 - R 07/31/2013 - D	Satisfaction of Mortgage (2013073101044001)	XXXX XXXX XXX	XXXXXXXX XXXXXXXXXX XXXXXXXXXXXX XXXXXXX XXX
08/15/2013 - R 07/16/2013 - D	Mortgage (2013072601170001)	XXXX XXXX XXX	XXXXXX XXXX XXXXXXX XXXX
07/08/2003 - R 03/12/2003 - D	Satisfaction of Mortgage (2003031300897001)	XXX XXXXXXX	XXXXXXXX XXXXXXX XXX
03/09/2005 - R 02/19/2003 - D	Correction Document Real Prop. (2005030200747001)	XXXXXXXX XXXXXXX XXX	XXXXXXXXXXX XXXX XXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 42-40 161st Street, Flushing, 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

$13,597

Municipal exemptions

Recent tax assessments

Market value

$1,536,000

Assessed value

$92,160

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	$1,299,000	$77,940	$66,313	19.843%	$13,158	$13,158	+2.01%
2024/25	$1,229,000	$73,740	$64,225	20.085%	$12,900	$12,900	+95.30%
2023/24	$1,071,000	$64,260	$32,886	20.085%	$6,605	$6,605	-1.10%
2022/23	$1,049,000	$62,940	$32,886	20.309%	$6,679	$6,679	+2.69%
2021/22	$991,000	$59,460	$32,579	19.963%	$6,504	$6,504	+0.55%
2020/21	$888,000	$53,280	$30,736	21.045%	$6,468	$6,468	+5.39%
2019/20	$969,000	$58,140	$28,996	21.167%	$6,138	$6,138	+7.06%
2018/19	$817,000	$49,020	$27,405	20.919%	$5,733	$5,733	+2.62%
2017/18	$916,000	$54,960	$27,405	20.385%	$5,587	$5,587	+2.93%
2016/17	$780,000	$46,800	$27,149	19.991%	$5,427	$5,427	+8.37%

Permits

Permit information for 42-40 161st Street, Flushing, NY

Filing date	Job type	Job status	Job description	Initial cost
07/25/2022	Alteration
07/11/2022	Alteration
04/29/2022	Alteration
06/30/2021	Alteration
06/22/2021	Alteration

*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

East Flushing residential market stats

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

Median sale price

$499,500

-2.6% Y-o-Y

Median price/sq. ft.

$708

6.9% Y-o-Y

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

Hurricane evacuation zones

Subway & traffic

Closest station

Main St & Roosevelt Ave at SE Corner

Station lines

Distance (miles)

1.21

View subway map

Access the detailed traffic volume map for 42-40 161st Street, Flushing, NY 11358 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. 107 Thomas A Dooley	5	Yes	Public	PK, K-5	849	0.39
P.S. 107 Thomas A Dooley	5	Yes	Public	PK, K-5	849	0.39
P.S. 22 Thomas Jefferson	6	No	Public	PK, K-5	750	0.35
P.S. 22 Thomas Jefferson	6	No	Public	PK, K-5	750	0.35
William Spyropoulos Greek-American Day School	NR	No	Private	K-8	397	0.41
St. Andrew Avellino School	NR	No	Private	PK-8	240	0.41
St. Andrew Avellino School	NR	No	Private	PK-8	240	0.41
Most Holy Redeemer Catholic Academy	NR	No	Private	PK, K-8	226	0.64
Most Holy Redeemer Catholic Academy	NR	No	Private	PK, K-8	226	0.64
P.S. 32 State Street	7	No	Public	K-5	866	0.70

Nearest middle schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Is 25 Adrien Block	7	Yes	Public	6-8	1,016	0.90
William Spyropoulos Greek-American Day School	NR	No	Private	K-8	397	0.41
St. Andrew Avellino School	NR	No	Private	PK-8	240	0.41
Most Holy Redeemer Catholic Academy	NR	No	Private	PK, K-8	226	0.64
Jhs 189 Daniel Carter Beard	5	No	Public	6-8	617	0.69
World Journalism Preparatory: A College Board School	8	No	Public	6-12	611	0.90
Shield Institute of Flushing	NR	No	Private		0	0.94
St Kevin School	NR	No	Private	PK, K-8	594	1.06
Is 237	6	No	Public	6-8	1,182	1.08
East West School Of International Studies	7	No	Public	6-12	685	1.08

Nearest high schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Francis Lewis High School	7	Yes	Public	9-12	4,265	1.44
Flushing International High School	3	No	Public	9-12	407	0.69
World Journalism Preparatory: A College Board School	8	No	Public	6-12	611	0.90
Shield Institute of Flushing	NR	No	Private		0	0.94
Holy Cross High School	NR	No	Private	9-12	886	1.07
East West School Of International Studies	7	No	Public	6-12	685	1.08
Lowell High School	NR	No	Private	3-12	249	1.09
Queens High For Language Studies	6	No	Public	9-12	435	1.18
Veritas Academy	4	No	Public	9-12	630	1.19
Flushing High School	3	No	Public	9-12	1,465	1.23

Nearby ZIP codes for 42-40 161st Street, Flushing, NY

11354, New York City, NY 11355, New York City, NY 11356, New York City, NY 11357, New York City, NY 11359, New York City, NY 11360, New York City, NY 11361, New York City, NY 11362, New York City, NY 11363, New York City, NY 11364, New York City, NY 11365, New York City, NY 11366, New York City, NY 11367, New York City, NY 11368, New York City, NY 11423, New York City, NY 11424, New York City, NY 11427, New York City, NY 11432, New York City, NY

Frequently asked questions

What is the year built for 42-40 161st Street, Flushing, NY 11358?

The development at 42-40 161st Street, Flushing, NY 11358 was built in 1920.

What is the total square footage of 42-40 161st Street, Flushing, NY 11358?

42-40 161st Street, Flushing, NY 11358 has a total of 3,435 square feet.

When was 42-40 161st Street, Flushing, NY 11358 last sold and what was the sale price?

42-40 161st Street, Flushing, NY 11358 was last sold on 01/22/2021 for $970,000.

What is the assessed value of 42-40 161st Street, Flushing, NY 11358?

42-40 161st Street, Flushing, NY 11358 is currently assessed at $92,160.

What are the property taxes for 42-40 161st Street, Flushing, NY 11358?

The property taxes for 42-40 161st Street, Flushing, NY 11358 total $13,597.

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.