RealtyLens
for saleRealtyLens property overview
$1,399,000

107-40 Queens Blvd Ph 1

Queens, NY, 11375
View more Queens, NY property pages
5Beds
3Baths
3,000Sqft
$466$/sqft

Listing Notes

Iconic Duplex Penthouse - Panoramic Skyline Views & Expansive Terraces Crowning Lane Tower, one of Forest Hills' most sought after co-op high-rises, this extraordinary five-bedroom, three-full-bath Duplex Penthouse offers a rare combination of grand scale, amazing views, and exceptional outdoor space-just one block from the express subway, Long Island Railroad, and Austin Street's renowned shopping and dining. The residence encompasses approximately 2, 750 square feet of interior living space, thoughtfully arranged across two expansive levels that live like a private home in the sky. Oversized windows throughout frame dramatic Manhattan skyline views and an awe-inspiring 300-degree panorama spanning Brooklyn and Queens. From this commanding vantage point, the view is nothing short of spectacular: every major bridge, Flushing Meadows-Corona Park with its two lakes, Citi Field, and the historic Forest Hills Tennis Stadium, with sweeping open vistas across neighborhoods in every direction. There are five large bedrooms, allowing for generous primary, guest, home office, or media room configurations. One of the three bathrooms is oversized and luxuriously appointed, creating a true primary-suite experience. A cook's kitchen anchors the home, offering ample workspace and storage for serious cooking and entertaining. Four private terraces-totaling approximately 1, 000 square feet of outdoor space-create seamless indoor-outdoor living rarely found in Forest Hills. A place for entertaining, relaxing, or simply taking in the ever-changing skyline, these terraces elevate the penthouse to an exceptional offering. Set within a doorman, full-service, impeccably maintained co-op, Lane Tower delivers prestige, privacy, and convenience in one of Queens' most coveted residential locations. A rare opportunity to acquire a true penthouse duplex combining huge interior space, fabulous outdoor areas, and sweeping views in the heart of Forest Hills.

Market Insights

Below nearby median-53%

$466/sqft vs a nearby median of $988/sqft.

Nearby median$988/sqft
Nearby properties12
Property size3,000 sqft
  • -53% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 3,000 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$2.90M$2.64M$3.17M · 50% confidence
vs ask $1.40M−$1.51M (−107.6%)

Asking price is about 107.6% below the fair value — likely to draw competing offers if it's still on market.

$988/sqft median across 10 tight comps × 3,000 sqft= $2.96M
  • Transit access+$119k +4.0%
  • Mid-century building era−$44k −1.5%
  • Open Class C HPD violations−$44k −1.5%
  • Days-on-market gravity−$44k −1.5%
  • Visible condition issues−$44k −1.5%
Cumulative NYC adjustments−$59k−2.0%

Property Read

FreshnessCurrent market data

The listing facts are current enough for an initial property review.

Market Position-53% vs nearby

The asking price per square foot is below the nearby median, which can be worth a closer comp check.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read3 items to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
103 days
Last price change
No change recorded
Listed
Jan 28, 2026
Photos
21 photos
Property type
single family
Status
for sale
Last sold
Aug 25, 1988 · $9,879,000

Features & Amenities

DoormanElevatorOutdoor SpaceGarage 1 Or MoreTwo Or More StoriesMedia RoomViewsTennisHome OfficeOfficeDenLakeShopping

Photos

Building Facts

Year built
1965
Stories
18
Total units
166
Residential units
162
Building area
4.78 ac
Lot size
3,079 sqft
Land use
Mixed residential and commercial buildings
Building class
RM

From NYC public records where available.

Price History

May 4, 2026Initial record
$1,399,000for sale

Public Records

DOB violations14 open

60 total recorded against the building

HPD violations5 open

1 class C (immediately hazardous)

ACRIS documents0

Tax-lot deed, mortgage, and transfer records on file

311 calls (12 mo)21,726

Top: illegal parking

Top complaint types in ZIP 11375

  • Illegal Parking2,475
  • HEAT/HOT WATER1,999
  • Noise - Residential1,741
  • Street Condition1,247
  • Blocked Driveway1,234

Recent DOB

  • Jun 18, 2025V-DOB VIOLATION - ACTIVE · P-PLUMBING NONE
  • Jun 18, 2025V-DOB VIOLATION - ACTIVE · P-PLUMBING NONE
  • Jun 29, 2020V*-DOB VIOLATION - DISMISSED · EARCX-FAILURE TO SUBMIT EER NONE
  • Mar 4, 2020V*-DOB VIOLATION - DISMISSED · AEUHAZ1-FAIL TO CERTIFY CLASS 1 NONE

Recent HPD

  • Aug 6, 2021Class C · § 27-2005 ADM CODE REPAIR THE ROOF SO THAT IT WILL NOT LEAK TERRACE ABOVE LEAKING OVER CEILING AT CLOSET IN THE 1st ROOM FROM NORTH LOCATED AT APT 17B, 17th STORY, 1st APARTMENT...
  • Aug 6, 2021Class A · § 27-2005 ADM CODE PROPERLY REPAIR THE BROKEN OR DEFECTIVE DOOR AT CLOSET IN THE 1st ROOM FROM NORTH LOCATED AT APT 17B, 17th STORY, 1st APARTMENT FROM WEST AT NORTH
  • Aug 6, 2021Class B · § 27-2005 ADM CODE REPAIR THE BROKEN OR DEFECTIVE PLASTERED SURFACES AND PAINT IN A UNIFORM COLOR CEILING AT CLOSET IN THE 1st ROOM FROM NORTH LOCATED AT APT 17B, 17th STORY, 1s...
  • Mar 6, 2020Class B · § 27-2005 ADM CODE REPLACE WITH NEW THE BROKEN OR DEFECTIVE ONE PANE WINDOW GLASS CRACKED IN THE ENTIRE APARTMENT LOCATED AT APT 17B, 17th STORY, 1st APARTMENT FROM SOUTH AT WEST

Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.

You can also find this listing on StreetEasy.

Listing data sourced from streeteasy.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.