The listing facts are current enough for an initial property review.
107-40 Queens Blvd Ph 1
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
$466/sqft vs a nearby median of $988/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
Asking price is about 107.6% below the fair value — likely to draw competing offers if it's still on market.
- 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%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Price history is still limited; review again as more market activity becomes available.
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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
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
Public Records
60 total recorded against the building
1 class C (immediately hazardous)
Tax-lot deed, mortgage, and transfer records on file
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.