Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

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75-40 AUSTIN Street #5FL

Pending · Listing by Brown Harris Stevens Residential Sales LLC

75-40 AUSTIN Street #5FL

Forest Hills, Queens

$399,000

Pending For Sale • Co-op

$399,000

$445 per sq ft

75-40 AUSTIN Street #5FL

Forest Hills, Queens

Michelle Towers

MLS® #RLS20071367

RLS at REBNY

Listing by Brown Harris Stevens Residential Sales LLC

2
Bedrooms
1
Bath
896
Sq. Ft.
1940
Year Built

Quick Summary

Bedrooms 2
Bathrooms 1
Living Area 896 sq ft
Year Built 1940
Ownership Co-op
Maintenance $1,060/mo
Neighborhood Forest Hills
Floor 5 of 6

Property Highlights

  • Views: City, Park Greenbelt
  • Climate Control: Other
  • Character: Pre-war building (1940)

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 5
Baths 1 Full
Floor 5 of 6
View City, Park Greenbelt
Cooling Other
Pets Yes
Year Built 1940
Living Area 896 sq ft
Structure Type HighRise
Basement Other
Parcel # 03334-0058-07540-000-00005FL
Block/Lot 03334/0058

Listing History

Event Date Price Change
Listed Feb 10, 2026 $475,000 -
Currently Oct 14, 2026 $399,000 -16.0%

Description

"Light is the language of space." - Tadao Ando Light establishes the character of Residence 5FL. Windows along the perimeter admit daylight that moves across the apartment over the course of the day, defining the rooms through shadow, contrast, and scale rather than ornament. The effect is quiet and measured, allowing the layout itself to remain legible and purposeful. Austin Street has long functioned as the principal commercial corridor of Forest Hills, often compared to Fifth Avenue for its role within the neighborhood. Its early 20th-century development was closely tied to the planning of Forest Hills as a suburban community, shaped by new transit connections and a growing commercial district that served residents of Queens and beyond. Michele Towers is located directly on Austin Street, situating Residence 5FL within this established historical context. The apartment is a two-bedroom, one-bath unit arranged on a clear and efficient plan. An intimate eat-in kitchen, a layout historically associated with practical residential design, provides a defined space for daily living apart from the main living areas. Set along Austin Street, the apartment reflects a long-standing relationship between residential life and commerce that has defined Forest Hills for more than a century.

Features & Amenities

Interior Features

Building None

Exterior Features

Private Outdoor Space Over60 Sqft

Building Amenities

Elevators

Building Information

Financial Details

Maintenance $1,060/mo
Original Price $475,000
Previous Price $475,000

Forest Hills is a sought-after and architecturally distinctive Queens neighborhood known for its lush greenery and exceptional architecture. The area is famous for Forest Hills Gardens, a private community featuring stunning Tudor-style homes and winding streets. The broader neighborhood offers a mix of grand pre-war cooperatives, modern luxury condominiums, and the popular shopping and dining destination of Austin Street, providing a suburban feel within the city limits.

Forest Hills Live Market Data

View Neighborhood

Active Listings

68

Median Asking Price

$550K

Median $/Sqft

$759

Avg Days on Market

N/A

New This Week

3

Price Reduced

34%

Sold (30 Days)

11

Median Sale Price

$610K

Live data from RLS at REBNY • Updated 10/14/26, 3:27 PM EST

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Location

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75-40 AUSTIN Street #5FL, Forest Hills, Queens County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1940
Year Built
86 years old
6
Floors
96
Residential Units
R6
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $4,430,700
Land Value: $515,250
Exemptions: $97,520

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

Lot Area: 22,900 SF
Building Area: 99,600 SF
Built FAR: 4.35
Allowed FAR: 2.43

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 monthly maintenance are $1,060 per month. Confirm the exact amount with Milton Coste before making an offer.

This property has 2 bedrooms and 1 full bathroom.

The listed interior living area is 896 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1940, making it approximately 86 years old.

This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.

Pets are permitted at this property: Pets Allowed,Building Pets Allowed Comments:Pets Allowed. Contact Milton Coste for weight limits or breed restrictions.

At the current list price of $399,000 for 896 sq ft, the asking price per square foot is approximately $445. 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 milton@miltoncoste.com. 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: RLS20071367
First Listed: 2/10/2026
On Market: 2/10/2026
Price Changed: 8/12/2026
Pending Since: 8/12/2026
Contract Date: 2/10/2026

Listing Courtesy of Brown Harris Stevens Residential Sales LLC - Richard Del Nunzio

Listing Contact: (212) 906-9210

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.

How working with a buyer's agent works: I work for you, not the seller. Before I show you anything, New York brokerage rules ask us to put that in writing: an agreement and a disclosure that say I work for you and negotiate on your behalf. The agreement is non-exclusive: you can work with other agents, it runs for a short fixed term we agree on, and you can end it with a note. You may attend open houses independently without an agreement. Read how it works

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 10/14/2026 at 7:27 PM UTC

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Forest Hills Market Update

11 sales last 30 days · $550K median · 6.2 months supply

Read Full Report

New listings in this building

Quick Facts

Status Pending
Type Co-op Neighborhood Forest Hills Borough Queens
County Queens
Floor 5 of 6
Year Built 1940
First Listed 2/10/2026
Living Area 896 sqft
Maintenance $1,060/mo

Monthly Costs Estimate

Down Payment 20%

$79,800

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Maintenance $1,060
Total Monthly $0

Estimates only. Consult a lender for exact figures.

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