Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
107-40 QUEENS Boulevard #PH1
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Active For Sale Co-op

$1,399,000

$466 per sq ft

107-40 QUEENS Boulevard #PH1

Forest Hills, Queens

Lane Towers

MLS® #RLS20068993

RLS at REBNY

Listing by Douglas Elliman Real Estate

5

Bedrooms

3

Baths

3,000

Sq. Ft.

1965

Year Built

Quick Summary

Bedrooms 5
Bathrooms 3
Living Area 3,000 sq ft
Year Built 1965
Ownership Co-op
Maintenance $4,545/mo
Parking Garage
Neighborhood Forest Hills
Floor 19 of 19

Property Highlights

  • Views: Bridges, City Lights, City, Park Greenbelt, Panoramic
  • Exposure: East,North,West facing
  • Outdoor Space: Terrace, Wrap Around

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 12
Baths 3 Full
Floor 19 of 19
View Bridges, City Lights, City, Park Greenbelt, Panoramic
Exposure East,North,West
Cooling Electric
Pets Yes
Year Built 1965
Living Area 3,000 sq ft
Parking Garage Available
Structure Type HighRise
Basement Other
Block/Lot 03239/7501

Listing History

Event Date Price Change
Listed Jan 28, 2026 $1,500,000 -
Currently May 1, 2026 $1,399,000 -6.7%

Description

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.

Features & Amenities

Interior Features

Building Other Washer Hookup

Exterior Features

Building Roof Deck Private Outdoor Space Over60 Sqft Terrace Wrap Around

Building Amenities

Bike Storage

Building Information

Building Lane Towers
Building Data View Compliance & Permits
Total Units 162
Stories 19
Structure HighRise

Financial Details

Maintenance $4,545/mo
Original Price $1,500,000
Previous Price $1,500,000

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

64

Median Asking Price

$592K

Median $/Sqft

$691

Avg Days on Market

N/A

New This Week

5

Price Reduced

36%

Sold (30 Days)

9

Median Sale Price

$810K

Live data from RLS at REBNY • Updated 5/1/26, 1:15 AM EST

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Location

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107-40 QUEENS Boulevard #PH1, Forest Hills, Queens County

Virtual Tour

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Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1965
Year Built
61 years old
18
Floors
162
Residential Units
C4-5X
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $12,159,899
Land Value: $692,550
Exemptions: $100,574

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

Lot Area: 3,079 SF
Building Area: 208,336 SF
Built FAR: 67.66
Allowed FAR: 5

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 $4,545 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 5 bedrooms and 3 full bathrooms.

The listed interior living area is 3,000 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1965, making it approximately 61 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.

Pet policy requires confirmation with the listing broker.

At the current list price of $1,399,000 for 3,000 sq ft, the asking price per square foot is approximately $466. 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 mcoste@kwnyc.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: RLS20068993
First Listed: 1/28/2026
On Market: 1/28/2026
Price Changed: 3/26/2026
Contract Date: 1/28/2026

Listing Courtesy of Douglas Elliman Real Estate - Alan B Mann

Listing Contact: (917) 951-7871

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 5/1/2026 at 5:15 AM UTC

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