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

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

Also known as: 29-12 40th Ave

Property image for 29-12 40th Avenue, Long Island City, NY 11101
static Mapbox map

Property type

Limited Service - Many Affiliated with National Chain (H3)

Year built

2014

Lot sq. ft.

5,550

Sale price

$19,000,000

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Primary address
29-12 40th Avenue
Alternate address(es)
29-12 - 29-14 40th Ave
ZIP code
11101
Neighborhood
LIC
Borough
Queens
Block & lot
00402-0028

Owner

Find out who owns 29-12 40th Avenue, Long Island City, NY 11101. Uncover corporate and individual owners with a free account.

Building
Property type
Limited Service - Many Affiliated with National Chain (H3)
Building sq. ft.
27,899
Building dimensions
50 ft x 35 ft
Buildings on lot
1
Stories
10
Year built
2014
Building material
Sales
Sale date
03/05/2025
Sale price
$19,000,000
Tax
Tax year
2026-2027
Property tax
$238,604
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
0
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
50 ft x 111 ft
Lot sq. ft.
5,550

Area overview

Walk score
96 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
86 /100.  Very Bikeable
School district
30
Community district
1
Closest police station
0.53 Miles
Closest fire station
0.58 Miles

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

Ownership

Ownership information for 29-12 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 29-12 40th Avenue, Long Island City, NY 11101

Sale date Sale price Buyer name Seller name
03/05/2025 $19,000,000 XXXX XXXX XXX XXX XX-XX XXX XXX
09/21/2011 $1,970,000 XX-XX XXX XXX XXXX XXXXXX XXX
08/24/2004 $1,260,000 XXXX XXXXXX XXX XXXX XXXX XXXX XXX XX XXXXXXXX, XXX.

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
03/13/2025 - R Initial UCC1
(2025031100906005)		 XXXX XXXX XXX XXX XXXXXX XXXXXXX XXXX
03/11/2025 - R UCC3 Termination
(2025031100303001)		 XXXX XXX XXX XXXXXXXXXX XXX XXXXXXXXXX XXXX XX XXXXX (XXX) XX
03/13/2025 - R
03/05/2025 - D		 Termination of Assign of L&R
(2025031100906008)		 XXXXXXXXXX XXX XXXXXXXXXX XXXX XX XXXXX (XXX) XX XXXX XXX XXX
03/13/2025 - R
03/05/2025 - D		 Assignment of Leases and Rents
(2025031100906004)		 XXXX XXXX XXX XXX XXXXXX XXXXXXX XXXX
03/13/2025 - R
03/05/2025 - D		 Mortgage and Consolidation
(2025031100906003)		 XXXX XXXX XXX XXX XXXXXX XXXXXXX XXXX
03/13/2025 - R
03/05/2025 - D		 Assignment, Mortgage
(2025031100906002)		 XXXXXXXXXX XXXX XX XXXXX (XXX) XX XXXXXX XXXXXXX XXXX
03/13/2025 - R
03/05/2025 - D		 Deed
(2025031100906001)		 XXXX XXX XXX XXXX XXXX XXX XXX
06/05/2024 - R UCC3 Continuation
(2024060400560001)		 XXXX XXX XXX XXXXXXXXXX XXX XXXXXXXXXX XXXX XX XXXXX (XXX) XX
11/27/2019 - R
11/19/2019 - D		 Termination of Assign of L&R
(2019112100641005)		 XXXX XXX XXX XXXXXXXXXX XXX XXXXXXXXXX XXXX XX XXXXX (XXX) XX
11/27/2019 - R
11/19/2019 - D		 Satisfaction of Mortgage
(2019112100641004)		 XXXX XXX XXX XXXXXXXXXX XXX XXXXXXXXXX XXXX XX XXXXX (XXX) XX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 29-12 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
$238,604
Municipal exemptions
Recent tax assessments
Market value
$9,552,000
Assessed value
$4,298,400

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 $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%
2020/21 $6,917,000 $3,112,650 $3,044,970 10.694% $325,629 $325,629 +49.75%
2019/20 $4,839,454 $2,177,754 $2,063,724 10.537% $217,455 $217,455 +48.49%
2018/19 $3,455,991 $1,555,196 $1,392,836 10.514% $146,443 $146,443 +74.46%
2017/18 $1,958,723 $881,425 $798,366 10.514% $83,940 $83,940 +92.31%
2016/17 $968,280 $435,726 $412,791 10.574% $43,649 $43,649 +238.85%
Permits

Permit information for 29-12 40th Avenue, Long Island City, NY

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

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
01/17/2020 E-elevator
08/28/2017 C-construction
03/22/2017 Aeuhaz1-fail to certify class 1

*Most recent DOB violations on record for this property.

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

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
5

Subway & traffic

Closest station
31st St & 39th Ave at SE Corner
Station lines
N-Q
Distance (miles)
0.128
View subway map

Access the detailed traffic volume map for 29-12 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 29-12 40th Avenue, Long Island City, NY

27-20 40th Ave, Long Island City 25-01 40th Ave, Long Island City 40-36 24th St, Long Island City 39-27 Northern Blvd, Long Island City 39-27 28th St, Long Island City 40-30 28th St, Long Island City 39-06 30th St, Long Island City 25-19 40th Ave, Long Island City 40-39 Crescent St, Long Island City 40-40 Crescent St, Long Island City 39-05 29th St, Long Island City 39-39 29th St, Long Island City 25-11 41st Ave, Long Island City 21-07 41st Ave, Long Island City 39-20 Crescent St, Long Island City 40-35 23rd St, Long Island City

Nearby ZIP codes for 29-12 40th Avenue, Long Island City, NY

10017, New York City, NY 10021, New York City, NY 10022, New York City, NY 10028, New York City, NY 10044, New York City, NY 10065, New York City, NY 10075, New York City, NY 10128, New York City, NY 10152, New York City, NY 10154, New York City, NY 10162, New York City, NY 11102, New York City, NY 11103, New York City, NY 11104, New York City, NY 11106, New York City, NY 11109, New York City, NY 11211, New York City, NY 11222, New York City, NY 11377, New York City, NY 11378, New York City, NY

Frequently asked questions

What is the year built for 29-12 40th Avenue, Long Island City, NY 11101?

The development at 29-12 40th Avenue, Long Island City, NY 11101 was built in 2014.

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

The current market value of 29-12 40th Avenue, Long Island City, NY 11101 is $9,552,000.

What is the total square footage of 29-12 40th Avenue, Long Island City, NY 11101?

29-12 40th Avenue, Long Island City, NY 11101 has a total of 27,899 square feet.

What is the price per square foot for this property?

$681 per square foot is the price for 29-12 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

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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.

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