New York City  »  11101  »  40th Ave  »  1101 40th Ave

11-01 40th Avenue, Long Island City, NY 11101 - Property report

Also known as: 11-01 11th St

Property image for 11-01 40th Avenue, Long Island City, NY 11101
static Mapbox map

Property type

One Story Retail Building (K1)

Year built

1930

Lot sq. ft.

4,950

Sale price

$2,400,000

General information

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Address
Primary address
11-01 40th Avenue
Alternate address(es)
11-01 - 11-09 40th Ave
11-01 11th St
38-79 - 38-83 11th St
ZIP code
11101
Neighborhood
LIC
Borough
Queens
Block & lot
00473-0551

Owner

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Building
Property type
One Story Retail Building (K1)
Building sq. ft.
4,950
Building dimensions
50 ft x 99 ft
Buildings on lot
1
Stories
1
Year built
1930
Last altered
2004
Building material
Sales
Sale date
01/13/2016
Sale price
$2,400,000
Tax
Tax year
2026-2027
Property tax
$28,567
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 100 ft
Lot sq. ft.
4,950

Area overview

Walk score
94 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
85 /100.  Very Bikeable
School district
30
Community district
1
Closest police station
0.97 Miles
Closest fire station
0.27 Miles

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

Ownership information for 11-01 40th Avenue, Long Island City, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address

Sales history for 11-01 40th Avenue, Long Island City, NY 11101

Sale date Sale price Buyer name Seller name
01/13/2016 $2,400,000 XXXX XXXX XXXXXX XXX XXXXXXX XX XXXXX, XXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
03/01/2017 - R
01/10/2017 - D
Discharge of Tax Lien
(2017022701200001)
XXX XXXX XX XXX XXXX XXXXXX
05/12/2016 - R
04/06/2016 - D
Discharge of Tax Lien
(2016050600730001)
XXX XXXX XX XXX XXXX XXXXXX
03/21/2016 - R
03/07/2016 - D
Satisfaction of Mortgage
(2016031400759001)
XXXXXXXXXX XXX XXX XX XXXXXXX X X
03/03/2016 - R
01/13/2016 - D
Deed
(2016012100422002)
XXXXXXX XX XXXXX XXX XXXX XXXX XXXXXX XXX
03/03/2016 - R
01/13/2016 - D
Deed
(2016012100422001)
XXXXX XXXXX XXX XXXXXXX XX XXXXX XXX
08/25/2015 - R
08/12/2015 - D
Tax Lien Sale Certificate
(2015082300038001)
XXXX XX XXX XXXX XXXX XX XXX XXXX
06/17/2015 - R
05/31/2015 - D
Assignment of Tax Lien
(2015061500102004)
XXX XXXX XX XXX XXXX XXXXXX XXX XXXX XX XXX XXXX XXXXXX
03/03/2016 - R
01/13/2015 - D
Satisfaction of Mortgage
(2016012100422003)
XXXXX XXXXX XXX XXXXXXXX XXXXXX XXXX
08/20/2014 - R
08/06/2014 - D
Tax Lien Sale Certificate
(2014081301028001)
XXXX XX XXX XXXX XXXX XX XXX XXXX
08/13/2013 - R
08/08/2013 - D
Tax Lien Sale Certificate
(2013080801208001)
XXXX XX XXX XXXX XXXX XX XXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Property taxes for 11-01 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
$28,567
Municipal exemptions
Recent tax assessments
Market value
$677,000
Assessed value
$304,650

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 $630,000 $283,500 $242,280 10.848% $26,283 $26,283 +2.63%
2024/25 $605,000 $272,250 $237,960 10.762% $25,609 $25,609 +5.56%
2023/24 $509,000 $229,050 $229,050 10.592% $24,261 $24,261 +0.28%
2022/23 $505,000 $227,250 $227,250 10.646% $24,193 $24,193 +12.84%
2021/22 $443,000 $199,350 $199,350 10.755% $21,440 $21,440 -22.44%
2020/21 $582,000 $261,900 $258,480 10.694% $27,642 $27,642 +3.40%
2019/20 $581,000 $261,450 $253,710 10.537% $26,733 $26,733 +2.81%
2018/19 $587,000 $264,150 $247,320 10.514% $26,003 $26,003 +4.93%
2017/18 $569,000 $256,050 $235,695 10.514% $24,781 $24,781 +4.63%
2016/17 $553,000 $248,850 $223,993 10.574% $23,685 $23,685 -0.29%

Permit information for 11-01 40th Avenue, Long Island City, NY

Filing date Job type Job status Job description Initial cost
10/20/2025 Alteration
11/18/2024 Alteration
11/18/2024 Alteration
01/18/2021 Alteration
08/29/2016 Alteration type 1

*Most recent permits on record for this property.

More about New York City property records

DOB Violations

No recently recorded violations for this property.

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

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FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
4

Subway & traffic

Closest station
21st St & 41st Ave at NW Corner
Station lines
F
Distance (miles)
0.152

Access the detailed traffic volume map for 11-01 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 11-01 40th Avenue, Long Island City, NY 11101?

The development at 11-01 40th Avenue, Long Island City, NY 11101 was built in 1930.

What is the market value of 11-01 40th Avenue, Long Island City, NY 11101?

The current market value of 11-01 40th Avenue, Long Island City, NY 11101 is $677,000.

What is the total square footage of 11-01 40th Avenue, Long Island City, NY 11101?

11-01 40th Avenue, Long Island City, NY 11101 has a total of 4,950 square feet.

What is the price per square foot for this property?

$484 per square foot is the price for 11-01 40th Avenue, Long Island City, NY 11101.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 2.

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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