Commercial condominium · Flushing, Queens
40-22 College Point Boulevard
Flushing, NY 11354
40-22 College Point Boulevard is a 3-floor commercial condominium in Flushing, Queens, built in 2006, with about 92,000 square feet of office space according to city records.
Also at 131-07 40th Road and 40-22 to 40-24 College Point Boulevard.
- Office space
- 92K SF
- Floors
- 3
- Year built
- 2006
- Zoning
- C4-2
The 4th largest of the 13 office buildings we track in Flushing. Compare it with 6 neighbors
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Compared with its neighbors
How 40-22 College Point Boulevard compares
Next to the 6 nearest large office buildings, all within a 9 minute walk, 40-22 College Point Boulevard is the largest by office floor area. It went up in 2006; the median neighbor dates from 1989. Its estimated property tax, about $2.46 a square foot of floor area before abatements, is below the neighbors' median of $12.28.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 40-22 College Point Boulevard | 92K SF | 3 | 2006 | $2.46 |
| 131-72 40th Road | 60K SF | 6 | 2019 | Exempt |
| 37-12 Prince Street | 85K SF | 14 | 2016 | $10.10 |
| 39-07 Prince Street | 39K SF | 6 | 2001 | $10.22 |
| 135-27 38th Avenue | 38K SF | 3 | 1949 | $12.28 |
| 41-60 Main Street | 51K SF | 3 | 1977 | $12.94 |
| 39-01 Main Street | 54K SF | 6 | 1931 | $18.34 |
Sources: NYC Department of City Planning, PLUTO 26v2 for size, floors and year built; NYC Department of Finance 2026/27 roll for tax (taxable value times the class rate, before abatements, over the whole floor area). Large means at least 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other addresses
- 131-07 40th Road; 40-22 to 40-24 College Point Boulevard
- ZIP code
- 11354
- Building type
- Commercial condominium (city class RC)
- Total floor area
- 1,591,806 SF
- Commercial floor area
- 1,591,806 SF
- Office
- 92,078 SF
- Retail
- 688,513 SF
- Height
- 3 floors
- Year built
- 2006
- Lot area
- 581,295 SF
- Zoning district
- C4-2
- Built FAR
- 2.74
- Max commercial FAR
- 3.4
- Tax lot (BBL)
- 4050667501
Nearest subway
- Flushing-Main St
- Mets-Willets Point
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-16. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates. How we build these pages. Something wrong on this page? Tell us.
NYC storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered one storefront at 40-22 College Point Boulevard for December 31, 2025, the newest annual filing the city has published, and it was not vacant that day.
- Storefronts registered for December 31, 2025
- 1
- Vacant that day
- 0
- Share vacant across Flushing
- 6.4%
- Share vacant citywide
- 9.2%
- Condominium tax lots that filed
- 1
Vacant on December 31, by year
Need a storefront in Flushing? Get matchedNYC storefront vacancy report
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2025, pulled 2026-10-16. Owners of buildings with ground- or second-floor storefronts register each one every year with its status on December 31; counts are by tax lot, summed over the condominium's unit lot that filed, as the owners filed them. The 2025 filing was due June 1, 2026, so a storefront vacant then may have been leased since. A vacant storefront is not always on the market, and none here is listed on Leasemark unless it shows above.
NYC Department of Finance records
Owner, property tax and assessed value
40-22 College Point Boulevard is a condominium of 38 tax lots. SATURN CONDOMINIUM, LLC, one of 33 owners of record on the roll, owns the units that make up 53% of its market value. For tax year 2026/27 the city values 40-22 College Point Boulevard at $192.2 million and assesses it at $86.5 million. After phase-ins and exemptions its taxable value is $36 million; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $3.91 million a year before abatements, roughly $2.46 per square foot of floor area. Commercial leases here often pass a tenant's share of tax increases over a base year through as additional rent.
- Largest unit owner
- SATURN CONDOMINIUM, LLC (53% of market value)
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $192,221,005
- Land market value
- $72,662,003
- Assessed value
- $86,499,452
- Taxable value (phased in)
- $84,942,865
- Exemptions
- $48,899,171
- Estimated yearly tax
- About $3.91 million
- Tax per SF of floor area
- About $2.46
- Condominium tax lots
- 38
- Owners of record
- 33
City market value by tax year
Manage or lease this building? Claim this page. Requests are reviewed by hand.
How to find who owns any NYC buildingSource: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll, summed over 38 condominium tax lots; owner names as the roll records them, which cuts some long names short), pulled 2026-10-16; tax rate from the Department of Finance tax rates page, checked 2026-09-28. The estimate is the taxable value times the class rate. It leaves out abatements, payment-in-lieu-of-taxes agreements and charges, so the actual bill can differ.
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NYC energy benchmarking (Local Law 84)
Energy use and emissions
40-22 College Point Boulevard's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade.
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Enclosed Mall
- Floor area in the filing
- 1,880,655 SF
Source: NYC Department of Buildings and Mayor's Office of Climate and Environmental Justice, NYC Building Energy and Water Data Disclosure for Local Law 84 (2024 filing), pulled 2026-10-16; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
NYC Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at 40-22 College Point Boulevard in the 12 months to October 2026; the last one was first permitted in October 2025. In the last two years, interior work was permitted on one floor (floor 4). The newest build-out, on floor 4, was first permitted in October 2025 (construction; filed cost estimate $547,000).
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- October 2025
- Interior build-outs, last 24 months
- 1
- Floors with interior work, last 24 months
- 4
- Facade and sidewalk jobs, last 24 months
- 1
Recent build-outs
New jobs by year
Build-outs across FlushingWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). A job counts once, when its first permit is issued; renewals are not new work. A build-out groups jobs on the same floors first permitted within 120 days of each other. Costs are the estimates filed with the jobs. Jobs filed before DOB NOW (in the older BIS system) are not counted. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
No office space listed in Flushing yet
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Before you sign
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Questions about 40-22 College Point Boulevard
How big is 40-22 College Point Boulevard?
40-22 College Point Boulevard has about 1.6 million square feet of floor area in total, including 92,000 square feet of office and 689,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 40-22 College Point Boulevard built?
City records list 2006 as the year built. The building is 3 floors tall.
What other addresses does 40-22 College Point Boulevard have?
City records list 131-07 40th Road and 40-22 to 40-24 College Point Boulevard on the same tax lot (BBL 4050667501) as 40-22 College Point Boulevard. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 40-22 College Point Boulevard?
40-22 College Point Boulevard is in ZIP code 11354, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 40-22 College Point Boulevard, Flushing, NY 11354.
What is the zoning at 40-22 College Point Boulevard?
The lot is in the C4-2 zoning district. PLUTO lists a built floor area ratio (FAR) of 2.74 and a maximum commercial FAR of 3.4 for this lot.
What subway station is closest to 40-22 College Point Boulevard?
The closest subway station to 40-22 College Point Boulevard is Flushing-Main St (the 7 train), about 0.4 miles away in a straight line, roughly 9 minutes on foot. The MTA lists it as an accessible station. Also nearby: Mets-Willets Point (the 7 train), 9 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 40-22 College Point Boulevard?
40-22 College Point Boulevard is a condominium of 38 tax lots. SATURN CONDOMINIUM, LLC, one of 33 owners of record on the roll, owns the units that make up 53% of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 4050667501). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.
Does 40-22 College Point Boulevard have an energy grade?
40-22 College Point Boulevard's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade.
Is there construction at 40-22 College Point Boulevard?
The Department of Buildings issued no permits for new jobs at 40-22 College Point Boulevard in the 12 months to October 2026; the last one was first permitted in October 2025. In the last two years, interior work was permitted on one floor (floor 4). The newest build-out, on floor 4, was first permitted in October 2025 (construction; filed cost estimate $547,000). These are the Department of Buildings' DOB NOW work permits for tax lot 4050667501. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
What are the property taxes at 40-22 College Point Boulevard?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $36 million for 40-22 College Point Boulevard (the sum of its 38 condominium tax lots). At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $3.91 million a year, roughly $2.46 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4050667501 show the actual bill.
What is the assessed value of 40-22 College Point Boulevard?
For tax year 2026/27, the NYC Department of Finance puts the market value of 40-22 College Point Boulevard at $192.2 million ($72.7 million of it land) and its assessed value at $86.5 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 11% from 2022/23 ($172.9 million) to 2026/27.
Are there vacant storefronts at 40-22 College Point Boulevard?
Owners registered one storefront at 40-22 College Point Boulevard for December 31, 2025, the newest annual filing the city has published, and it was not vacant that day. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront may have come free since. Owners and brokers can list a storefront on Leasemark for free.
Is there office space for lease at 40-22 College Point Boulevard?
No space at 40-22 College Point Boulevard is listed on Leasemark right now. Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.
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