New York City  »  11101  »  40th Ave  »  2501 40th Ave

25-01 40th Avenue, Long Island City, NY 11101 Property Information

25-01 40th Avenue, Long Island City, NY 11101 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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25-01 40th Avenue, Long Island City, NY 11101 1
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Address

Primary address 25-01 40th Avenue
Secondary address 39-45 Crescent St
Neighborhood LIC
Zip code 11101
Borough Queens
Block & lot 00396-0001

Sales & Tax Overview for 25-01 40th Avenue, Long Island City

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Purchase date 11/28/2005
Purchase price $475,000
Tax class
Estimated property tax $32,072

Lot & Building Information for 25-01 40th Avenue, Long Island City

Lot sqft 1,002
Lot dimensions 20 ft x 50 ft
Building class Office with Commercial - 1 to 6 Stories (O5)
Building sqft 4,668
Building dimensions 20 ft x 46 ft
Buildings on lot 1
Stories 4
Year built 1931
Year last altered 2007
Construction type
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Zoning & Use for 25-01 40th Avenue, Long Island City

Zoning
Qualified opportunity zone
Commercial units 5
Office sqft
Retail sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 30
Community district 1
Closest police station 0.66 Miles
Closest fire station 0.43 Miles

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 25-01 40th Avenue, Long Island City

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for 25-01 40th Avenue, Long Island City, NY 11101, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for 25-01 40th Avenue, Long Island City, NY 11101, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

You will find all alternate addresses for the property in this section.

  • 39-45 Crescent St, Long Island City, NY 11101

About 25-01 40th Avenue, Long Island City

How many sq. ft. does 25-01 40th Avenue, Long Island City, NY 11101 have & what is the price per sq. ft?

This Office with Commercial - 1 to 6 Stories (O5) located at 25-01 40th Avenue, Long Island City, NY 11101 has a total of 4,668 square feet and a current price per square foot of $101.

What is the year built & the current market value of 25-01 40th Avenue, Long Island City, NY 11101?

25-01 40th Avenue, Long Island City, NY 11101 was built in 1931 and has a current tax assessor's market value of $643,000.

How many commercial spaces does this building have?

This building has 5 commercial spaces available for lease.

Ownership Information for 25-01 40th Avenue, Long Island City

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Property owner name for 25-01 40th Avenue, Long Island City, NY 11101
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Building contacts for 25-01 40th Avenue, Long Island City, NY 11101
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
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Past Sales & Property History for 25-01 40th Avenue, Long Island City

Create a free account to view the complete sales history for 25-01 40th Avenue, Long Island City, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
11/28/2005 $475,000

Title Documents for 25-01 40th Avenue, Long Island City

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Doc image
11/18/2025 - R Initial UCC1
(2025111100525005)
11/10/2025 - D
11/18/2025 - R
Assignment of Leases and Rents
(2025111100525003)
11/10/2025 - D
11/18/2025 - R
Agreement
(2025111100525002)
11/10/2025 - D
11/18/2025 - R
Assignment, Mortgage
(2025111100525001)
10/13/2025 - D
11/18/2025 - R
Termination of Assign of L&R
(2025111100525004)
12/14/2023 - D
07/30/2024 - R
Asgn of Asgn of L&R
(2024072900836004)
12/14/2023 - D
07/30/2024 - R
Assignment, Mortgage
(2024072900836002)
03/12/2023 - D
07/30/2024 - R
Asgn of Asgn of L&R
(2024072900836003)
03/12/2023 - D
07/30/2024 - R
Assignment, Mortgage
(2024072900836001)
10/22/2015 - D
10/29/2015 - R
Assignment of Leases and Rents
(2015102700994002)
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R: Recorded date
D: Document date

Property Taxes for 25-01 40th Avenue, Long Island City

Access detailed property tax data for 25-01 40th Avenue, Long Island City, NY 11101. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $31,340
Estimated property tax: $32,072
Tax assessor's market value: $643,000
Assessed value: $289,350

Assessment History for 25-01 40th Avenue, Long Island City

Here's the assessment & property tax history for 25-01 40th Avenue, Long Island City, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessed value Taxable Tax rate % Base tax Property tax Year over year change
2025/26 $643,000 $289,350 $288,900 10.848% $31,340 $31,340 +0.39%
2024/25 $726,000 $326,700 $290,070 10.762% $31,217 $31,217 +4.36%
2023/24 $712,000 $320,400 $282,420 10.592% $29,914 $29,914 +4.24%
2022/23 $616,000 $277,200 $269,550 10.646% $28,696 $28,696 +15.58%
2021/22 $513,000 $230,850 $230,850 10.755% $24,828 $24,828 -7.27%

Permits for 25-01 40th Avenue, Long Island City

The complete history of permits filed for 25-01 40th Avenue, Long Island City, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Filing date Job type Job status Job description Initial cost
05/04/2023 Alteration CO
11/12/2020 Alteration
04/08/2016 Alteration type 2
08/09/2012 Alteration type 2
05/04/2012 Alteration type 2
05/08/2008 Alteration type 3
09/25/2007 Alteration type 2
03/07/2007 Alteration type 3
03/07/2007 Alteration type 3
08/24/2006 Alteration type 1
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Queens Commercial Market Stats

Access a detailed real estate market overview of Queens so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Queens and compare it to other boroughs in New York City.

Median Price/Sqft Q1/2026
$432
0.2% YoY
Median Price/Sqft Q4/2025
$447
9.4% YoY
Median Price/Sqft 2025
$440
7% YoY

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

Risk

FEMA flood zone(s): X (See more on map)

Transportation

Distance to Subway
Closest station Queens Plaza North & 27th St at NW Corner
Station lines N-Q-7
Distance (miles) 0.214
View subway map
Bus Routes
Name 21 ST/40 Av
Distance (miles) 0.214

Neighbors for 25-01 40th Avenue, Long Island City

Here are the neighbors for 25-01 40th Avenue, Long Island City, NY 11101.

Address Square feet Purchase date Purchase price
22-11 39th Ave, Long Island City
29-12 40th Ave, Long Island City 27,899 03/05/2025 $19,000,000
21-07 40th Ave, Long Island City 5,000 09/29/2014
21-17 39th Ave, Long Island City 395 01/01/2016
38-18 24th St, Long Island City 5,000 09/08/2023 $8,000,000
39-27 28th St, Long Island City 42,500
39-27 Northern Blvd, Long Island City 11/17/1988
38-19 21st St, Long Island City 16,500 02/04/2016
25-19 40th Ave, Long Island City 15,480 10/15/1999
39-06 30th St, Long Island City 63,648 07/20/2023 $34,500,000
39-39 29th St, Long Island City 9,161 12/18/1992
39-05 29th St, Long Island City 63,839 12/31/2014 $21,928,738
39-20 Crescent St, Long Island City 10,000 06/25/2009
39-17 22nd St, Long Island City 45,000 06/23/2000
38-29 24th St, Long Island City 7,500 07/20/2017 $3,750,000
21-38 39th Ave, Long Island City 5,000 01/01/2016
38-17 23rd St, Long Island City 14,955 09/08/2023 $8,000,000
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