New York City  »  11101  »  40th Ave  »  2912 40th Ave

29-12 40th Avenue, Long Island City, NY 11101 Property Information

29-12 40th Avenue, Long Island City, NY 11101 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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29-12 40th Avenue, Long Island City, NY 11101 1
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Address

Primary address 29-12 40th Avenue
Neighborhood LIC
Zip code 11101
Borough Queens
Block & lot 00402-0028

Sales & Tax Overview for 29-12 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 03/05/2025
Purchase price $19,000,000
Tax class
Estimated property tax $238,603

Lot & Building Information for 29-12 40th Avenue, Long Island City

Lot sqft 5,550
Lot dimensions 50 ft x 111 ft
Building class Limited Service - Many Affiliated with National Chain (H3) i
Building sqft 27,899
Building dimensions 50 ft x 35 ft
Buildings on lot 1
Stories 10
Year built 2014
Construction type
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Zoning & Use for 29-12 40th Avenue, Long Island City

Zoning
Qualified opportunity zone
Commercial units 1

Area Overview

Walk Score
Transit Score
Bike Score


School district 30
Community district 1
Closest police station 0.53 Miles
Closest fire station 0.58 Miles

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

Other Property Data for 29-12 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 29-12 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 29-12 40th Avenue, Long Island City, NY 11101, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 29-12 40th Avenue, Long Island City

How many sq. ft. does 29-12 40th Avenue, Long Island City, NY 11101 have & what is the price per sq. ft?

This Limited Service - Many Affiliated with National Chain (H3) located at 29-12 40th Avenue, Long Island City, NY 11101 has a total of 27,899 square feet and a current price per square foot of $681.

What is the year built & the current market value of 29-12 40th Avenue, Long Island City, NY 11101?

29-12 40th Avenue, Long Island City, NY 11101 was built in 2014 and has a current tax assessor's market value of $8,404,000.

How many commercial spaces does this building have?

This building has 1 commercial spaces available for lease.

Ownership Information for 29-12 40th Avenue, Long Island City

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Property owner name for 29-12 40th Avenue, Long Island City, NY 11101
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Building contacts for 29-12 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 29-12 40th Avenue, Long Island City

Create a free account to view the complete sales history for 29-12 40th Avenue, Long Island City, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
03/05/2025 $19,000,000
09/21/2011 $1,970,000
08/24/2004 $1,260,000
       
       
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*Here are the three most recent sales for this property.

Title Documents for 29-12 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
03/13/2025 - R Initial UCC1
(2025031100906005)
03/11/2025 - R UCC3 Termination
(2025031100303001)
03/05/2025 - D
03/13/2025 - R
Termination of Assign of L&R
(2025031100906008)
03/05/2025 - D
03/13/2025 - R
Assignment of Leases and Rents
(2025031100906004)
03/05/2025 - D
03/13/2025 - R
Mortgage and Consolidation
(2025031100906003)
03/05/2025 - D
03/13/2025 - R
Assignment, Mortgage
(2025031100906002)
03/05/2025 - D
03/13/2025 - R
Deed
(2025031100906001)
06/05/2024 - R UCC3 Continuation
(2024060400560001)
11/19/2019 - D
11/27/2019 - R
Termination of Assign of L&R
(2019112100641005)
11/19/2019 - D
11/27/2019 - R
Satisfaction of Mortgage
(2019112100641004)
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R: Recorded date
D: Document date

Property Taxes for 29-12 40th Avenue, Long Island City

Access detailed property tax data for 29-12 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: $194,704
Estimated property tax: $238,603
Tax assessor's market value: $8,404,000
Assessed value: $3,781,800

Assessment History for 29-12 40th Avenue, Long Island City

Here's the assessment & property tax history for 29-12 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 $8,404,000 $3,781,800 $2,932,190 10.848% $318,084 $194,704 +9.52%
2024/25 $7,188,000 $3,234,600 $2,798,360 10.762% $301,160 $177,779 +4.31%
2023/24 $6,599,000 $2,969,550 $2,773,970 10.592% $293,819 $170,439 +2.48%
2022/23 $6,047,000 $2,721,150 $2,721,150 10.646% $289,694 $166,314 +6.90%
2021/22 $5,764,000 $2,593,800 $2,593,800 10.755% $278,963 $155,583 -52.22%

Permits for 29-12 40th Avenue, Long Island City

The complete history of permits filed for 29-12 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
06/16/2025 Alteration
08/30/2018 Alteration
08/21/2018 Alteration
08/06/2018 Alteration
07/23/2018 Alteration type 2
02/26/2018 Alteration type 3
07/20/2017 Alteration type 2
09/16/2015 Alteration type 3
09/16/2015 Alteration type 3
03/12/2015 Alteration type 2
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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 Q3/2025
$431
-0.5% YoY
Median Price/Sqft Q2/2025
$449
9.9% YoY
Median Price/Sqft 2024
$413
0.5% YoY

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

Risk

FEMA flood zone(s): X (See more on map)
Hurricane evacuation zone: 5 (See more on map)

Transportation

Distance to Subway
Closest station 31st St & 39th Ave at SE Corner
Station lines N-Q
Distance (miles) 0.128
View subway map
Bus Routes
Name 31 St/Northern Bl
Distance (miles) 0.077

Neighbors for 29-12 40th Avenue, Long Island City

Here are the neighbors for 29-12 40th Avenue, Long Island City, NY 11101.

Address Square feet Purchase date Purchase price
27-20 40th Ave, Long Island City 3,840 04/20/2001
25-01 40th Ave, Long Island City 4,668 11/28/2005 $475,000
40-36 24th St, Long Island City 22,794 06/26/2017 $5,000,000
39-27 Northern Blvd, Long Island City 11/17/1988
39-42 40th Ave, Long Island City 42,500
40-30 28th St, Long Island City 04/19/1973
39-06 30th St, Long Island City 63,648 07/20/2023 $34,500,000
25-19 40th Ave, Long Island City 15,480 10/15/1999
40-39 Crescent St, Long Island City 05/26/1998
40-40 Crescent St, Long Island City 5,000 09/10/1993
39-05 29th St, Long Island City 63,839 12/31/2014 $21,928,738
39-39 29th St, Long Island City 9,161 12/18/1992
25-11 41st Ave, Long Island City 9,750 05/26/1998
21-07 41st Ave, Long Island City 91,145 01/23/2025 $20,500,000
39-20 Crescent St, Long Island City 10,000 06/25/2009
40-35 23rd St, Long Island City 7,656 01/23/2006
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