$1,398,000 Sold Jun 2026
$1,289,000 Assessed value
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| Building size | 2,424 sq ft |
|---|---|
| Building dimensions | 24 × 34 ft |
| Stories | 2.5 |
| Sq ft per floor | 970 sq ft |
| Year built | 1930 |
| Lot dimensions | 50 × 100 ft |
|---|---|
| Lot area | 5,000 sq ft |
| Units | 1 |
|---|---|
| Zoning | R3X |
| Building class | A1 |
| Block / lot | Block 5359 / Lot 13 |
| Built FAR | 0.48 |
|---|---|
| Max residential FAR | 0.75 |
| Max facility FAR | 1.00 |
| Last recorded sale | $1,398,000 (Jun 2026) |
|---|---|
| Assessed value | $1,289,000 |
| Tax class | 1 |
| Annual property tax | $10,238 |
| Exemptions / abatements | ERIC F PALMER (expires ~2027) |
| Rent regulated | Unlikely |
40-32 195 Street was built in 1930 — roughly 96 years old. For property-tax purposes it falls under Class 1 (one- to three-family homes), the class with the highest nominal rate (19.8433%) but assessments capped at 6% of market value with strict yearly growth limits. At the current assessment that works out to about $10,238 per year ($853/month) before any abatements or exemptions the owner may receive. City records show it last changed hands for $1,398,000 in Jun 2026.
The building uses about 48% of the density its zoning allows (0.48 built FAR vs. a maximum of 1.00) — roughly 2,600 sq ft of unused development rights, which can matter for renovations, expansions, or air-rights value.
All recent NYC sales · Queens property taxes
Data: NYC Department of Finance and Dept. of City Planning (PLUTO) via NYC Open Data. Figures are public records, may lag current bills, and can exclude abatements. Not financial advice.