Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $371,000

· Closed March 21, 2022

40-35 Ithaca Street #5-K
Closed For Sale Condo

$371,000

$741 per sq ft

40-35 Ithaca Street #5-K

Elmhurst, Queens

MLS® #RLS10763411

RLS at REBNY

Listing by R New York

Studio

1

Bath

501

Sq. Ft.

1937

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Living Area 501 sq ft
Year Built 1937
Ownership Condo
HOA/Common Charges $375/mo
Property Taxes $2,627.04/yr
Neighborhood Elmhurst
Floor 5 of 6

Property Highlights

  • Exposure: South facing
  • Style: Prewar architecture
  • Character: Pre-war building (1937)

Property Details

Type Condo
Ownership Condominium
Total Rooms 2
Baths 1 Full
Floor 5 of 6
Exposure South
Pets Yes
Cross Street Baxter Avenue/Pettit Avenue
Year Built 1937
Living Area 501 sq ft
Architectural Style Prewar
Block/Lot 1505/7501

Listing History

Event Date Price Change
Listed Dec 21, 2021 $371,000 -
Price Reduced Mar 28, 2022 $389,000 +4.9%

Description

***Accepted Offer, Contracts Out, Showing for backup only***** Bright and sunny alcove studio located right in the heart of Jackson Heights , This Condo , not a Co-Op gives you the opportunity to affordably own a piece of real property in NYC while you still can ! Unbelievable location with tons of local amenities. There is no shortage of eateries, shopping ,bars & restaurants. Also conveniently located close to Elmhurst Hospital , Queens Center Mall, the 7 Subway line 82nd Street station, 34th Ave Farmers Market and busses to Laguardia airport. The unit features hardwood floors throughout and a fantastic modern kitchen with granite and stainless steel appliances. Secure building with CCTV Cameras , Controlled Access and Super. Low common charges complete the package which makes this unit a winner !

Building Information

Financial Details

Common Charges $375/mo
RE Taxes $2,627.04/yr ($219/mo)
Sale Price $371,000
Previous Price $389,000

Elmhurst is a dynamic and bustling neighborhood in central Queens. Known for its incredible culinary scene and bustling commercial corridors, the area offers a high-energy urban lifestyle. The real estate market is characterized by a wide range of housing options, from spacious pre-war cooperatives and traditional multi-family houses to sleek new construction condominiums that provide excellent value and a quick commute to Manhattan and Long Island City.

Elmhurst Live Market Data

View Neighborhood

Active Listings

10

Median Asking Price

$444K

Median $/Sqft

$638

Avg Days on Market

N/A

New This Week

2

Price Reduced

10%

Sold (30 Days)

0

Median Sale Price

$1.19M

Live data from RLS at REBNY • Updated 5/7/26, 9:21 PM EST

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Location

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40-35 Ithaca Street #5-K, Elmhurst, Queens County • Near Baxter Avenue/Pettit Avenue

Building Information

Official NYC property records for this building

1937
Year Built
89 years old
6
Floors
65
Residential Units
R7B
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $2,522,259
Land Value: $203,401
Exemptions: $94,709

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 15,000 SF
Building Area: 51,890 SF
Built FAR: 3.46
Allowed FAR: 3

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $375 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $2,627.04, or roughly $219 per month. Verify the current assessment with your attorney before closing.

This property has 0 bedrooms and 1 full bathroom.

The listed interior living area is 501 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1937, making it approximately 89 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pet policy requires confirmation with the listing broker.

At the current list price of $371,000 for 501 sq ft, the asking price per square foot is approximately $741. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10763411
First Listed: 12/21/2021
Price Changed: 3/28/2022
Closed: 3/21/2022
Contract Date: 12/21/2021

Listing Courtesy of R New York - Kateryna Mukoid

Listing Contact: (212) 688-1000

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/8/2026 at 1:21 AM UTC

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