131-05 40 Road

Queens · Parcel 4050667505

232

Residential units

2015

Year built

196,662 sq ft

Building area

Open violations

$21,323,695

Assessed value

Analysis

AI-generated Risk: Low

The property carries low assessed risk with solid compliance, but the outstanding safety penalty and lack of market‑value data are the only notable concerns.

The good

Built in 2015, so the building is relatively new
Average unit size is 848 sq ft, indicating spacious apartments
Zero open violations and zero complaints show strong compliance
No legal proceedings on record

The bad

Safety‑violation penalties of $1,250 are owed, a debt buyers often overlook
No arms‑length sale recorded, so market value is unavailable

Written by a language model from this property's own figures — the same numbers shown on this page. It introduces no facts of its own: every figure it cites is checked against the data before the text is shown. It is a reading of the numbers, not a professional opinion, and it can be wrong about emphasis even when it is right about arithmetic. See our methodology.

What the numbers say

Generated from this property's own figures using the rules set out in our methodology. Every statement below refers to a number shown on this page.

Built close to its permitted density

Built floor-area ratio is 5.08 against a permitted 0.00. There is little meaningful development headroom under the floor-area rules as they stand.

No open violations on record

Nothing is currently outstanding against this property. Closed violations are not counted here — a violation that was raised and then fixed is a problem that went away, and an older building will have accumulated many of them. What matters is what is still open, and here that is nothing.

Development & zoning

Floor-area ratio

Built	5.08
Residential limit	0.00
Commercial limit	0.00
Community-facility limit	0.00

Development headroom (calculated) calculated

Highest permitted ratio	0.00
Unused ratio	-5.08
Unused buildable area	—
Lot area	38,699 sq ft

Value & taxes

Assessment

Assessed total	$21,323,695
Assessed land	$1,880,541
Assessed building	$19,443,154
Market value on record	$0
Assessed as % of market	—

Tax

Tax class	2
Taxable assessed	$0
Tax rate	12.502%
Estimated annual levy	—

The levy is an estimate — taxable value × the published rate for the class. It does not account for exemptions or abatements the property may carry, and will not match an actual bill. It is not the property's total debt to the city: unpaid tax and water arrears are not shown anywhere on this page.

Assessed value by year

Year	Assessed value	Change
2027	$0	—
2026	$0	—
2025	$0	—
2024	$0	—
2023	$0	—

Building & occupancy

Structure

Year built	2015
Floors	17
Building area	196,662 sq ft
Residential area	196,662 sq ft
Commercial area	—

Occupancy

Ownership	Condominium
Total units	232
Residential units	232
Residential Avg unit size	848 sq ft (calculated)
Building class	R4

Neighborhood, risk & energy

Neighborhood & transit

Nearest subway	Flushing-Main St (7) — 0.44 mi
School district	25
Police precinct	109
Nearest firehouse	Engine 273/Ladder 129 — 40-18 Union Street

Location risk

Flood zone	High-risk (Zone AE)
Hurricane evacuation zone	Zone 1
Projected floodplain	In the projected 2050s floodplain

Building compliance

Facade	Repairs required

Comparable sales

Address	Sale date	Price	Sq ft	$/sq ft
131-01 40 Road, 16r	2026-06-18	$850,000	—	—
131-03 40 Road, 10e	2026-06-16	$695,000	—	—
131-02a 40th Road, 4d	2026-06-15	$530,990	—	—
131-05 40 Road, 11m	2026-06-12	$915,000	—	—
131-02a 40th Road, 14h	2026-06-11	$870,054	—	—
131-02b 40th Road, 12n	2026-06-09	$671,164	—	—
131-02b 40th Road, 7q	2026-06-05	$626,203	—	—
131-02b 40th Road, 3s	2026-06-01	$937,798	—	—

Record activity

Compliance calculated

Open violations	0
Open per residential unit	0.0 (calculated)
Enforcement penalties	$0.00
Safety-violation penalties	Not available
Total penalties owed	$1,250.00 (calculated)
On tax-lien sale list	No

Activity

Complaints recorded	0
Permits / alterations	0
Recorded documents	0
Legal proceedings	0

Total penalties owed combines two separate debts — enforcement penalties (from summonses) and safety-violation penalties (unfiled inspections and reports on boilers, elevators, facades and energy use). The second kind accrues quietly and is routinely missed; it is a standing debt on the building, not a fine someone can walk away from. The safety figure could not be retrieved for this property, so no total is shown — we would rather show nothing than a total that silently omits it. Neither figure includes unpaid property tax or water and sewer arrears, which are frequently the largest number of all and appear nowhere on this page. For a true payoff figure, go to the city directly.

Ownership & last recorded sale

Owner of record

Owner	Unavailable Owner
Parcel	4050667505
Block	5066
Lot	7505

Last recorded transfer

Date	—
Recorded price	—
Price per unit	Not meaningful
Price vs assessed	Not meaningful

Owner of record comes from the public land-use record and may lag a recent sale. It is frequently a holding company rather than an individual. If you own or manage this property and believe something here is wrong, tell us — we read and respond to every message of that kind.

About this page

Compiled from New York City public records — data retrieved 5 days ago. Coverage on this parcel: 14 of 15 record groups populated. The derived figures — unused floor-area ratio, buildable area, the assessed-value trend and the per-unit ratios — are calculated by us and appear in no public dataset; the formulas are in the methodology.

This is a research tool, not advice. It is not a title search, a lien search, a survey or an inspection, and it does not replace any of them. If a figure here matters to a decision, verify it at the source. See Terms.

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Ownership & Management

Identify the registered owner, holding LLC, and managing agent of any NYC building, with the registration contacts on file for the property.

Sales & Title Documents

Full deed and sale history with recorded mortgages and assignments — see who bought, sold, and financed the property and when.

Valuation & Assessment

Market value and assessed value with year-over-year history, tax class, and exemptions — how the city values the property.

Property Taxes & Liens

Annual tax levy, assessment, and rate history, plus any tax-lien-sale or water/sewer-debt flags signaling financial distress.

Housing Violations

Open and historical housing-maintenance violations — heat, hot water, mold, pests, lead, and habitability conditions on record.

Building Violations

Building and construction-code violations — illegal work, unsafe conditions, facade and elevator issues, and stop-work orders.

Enforcement & Penalties

Enforcement summonses, hearings, and monetary penalties — outstanding fines and the respondent named on each case.

Complaints

Tenant and building complaints over time — heat/hot-water outages, illegal construction, and unsafe-condition reports.

Permits & Construction

Construction permits, alteration filings, and job status — what work has been filed, approved, or completed at the property.

Litigation & Legal

Housing-court cases and legal proceedings against the owner — a major red flag when assessing investment risk.

Zoning & Land Use

Zoning district, overlays, land-use category, lot dimensions, and floor-area ratio (FAR) — what the lot is and what it allows.

Development & Air Rights

Buildable floor area, FAR used versus allowed, and unused development rights — gauge expansion and air-rights potential.

Occupancy & Units

Residential and commercial unit counts, building-area mix, number of floors, and year built — the physical makeup of the property.

Landmark & Historic

Individual-landmark and historic-district designation — whether status affects renovation, permits, and development plans.

Risk Profile

A composite read combining open violations, liens, litigation, and watch-list status into clear red-flag distress signals.

The data is public. Reading it correctly is the hard part.

Three things in a New York City property record mislead almost everyone who reads one for the first time. Here they are, before you search.

A $0 sale is not a bargain

Recorded transfers include deeds between family members, estate settlements and corrective filings — all legitimately recorded at $0 or a nominal $10. It does not mean the building was given away. It means there has been no arm's-length sale, and that every price ratio derived from it is meaningless.

A violation count means nothing until you divide it

We show open violations only — a closed one is a problem that got fixed, and every old building has hundreds. But even the open count is close to meaningless on its own. Three hundred open violations across three hundred apartments is a different building from three hundred across thirty. Divide by the units, then read the outstanding balance — a heavy count with no money attached means conditions are being reported and not corrected.

Spare floor area may not be buildable

Zoning sets a different limit for residential, commercial and community-facility use. Comparing a building against the highest number in that row — rather than the limit for the use you actually intend — is the most expensive mistake in this data. Buildings that look like they have room to grow are frequently already over their residential limit.

And the numbers no one publishes

Unused floor-area ratio. Buildable square footage. The direction assessed value has moved over the last decade. Price per unit against the last real sale. None of these exist in any public dataset — we calculate them, and we show the formula for every one.

Read the methodology →

Start here

We walk through one real building — a 1910 walk-up in upper Manhattan — and show exactly where its numbers mislead you, and what they actually say.

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