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NYC Building Records · BBL 4019740012

40-22 NATIONAL STREET

Queens · Block 1974 · Lot 12 · One-story store (Class K1)

40-22 NATIONAL STREET is a Class K1 (one-story store) building in Queens (BBL 4019740012) built in 1965, with 10 residential units across 1 floor.

The building is in NYC community district 404, council district 21, zoning district R6B, on a 13,700-square-foot lot with a building footprint of 11,250 square feet.

The current registered owner of record per NYC PLUTO is CHAI 555 LLC.

The most recent ACRIS deed transfer for this BBL was recorded on May 19, 2022 when 40-16 NATIONAL ASSOCIATES, LLC conveyed the property to CHAI 555 LLC for $8.20M. The transaction was recorded as cash (no paired mortgage instrument).

Data sourced daily from NYC PLUTO (Department of City Planning), NYC ACRIS (Department of Finance), and NYC HPD housing-maintenance code violations.

Owner of record

CHAI 555 LLC

Most recent deed

Last transferred on May 19, 2022 for $8.2M to CHAI 555 LLC.
Previous owner: 40-16 NATIONAL ASSOCIATES, LLC
Cash sale: no recorded mortgage tied to this transfer.
🔒 See all transfers before the 2022 sale →

Recent ACRIS documents (last 3)

DateTypeAmountParties
Dec 16, 2025AGMTNot disclosedParties redacted — full names in MetroDeeds Scout+
Dec 16, 2025AGMTNot disclosedParties redacted — full names in MetroDeeds Scout+
May 19, 2022DEED$8.2MParties redacted — full names in MetroDeeds Scout+
🔒 Reveal the 3 redacted buyer/seller names above →

Building stats

Units
10
Year built
1965
Class
K1
Borough
Queens
Zoning:
R6B
Lot size:
13,700 sqft
Building area:
11,250 sqft
Floors:
1
Assessed value:
$2.2M
Community district:
404
Council district:
21

HPD violations

0 open
No open violations on record. Source: NYC HPD.
🔒 See every closed violation + inspection history →

Recent HPD violation details

No open HPD violations recorded for this building.

Recent ACRIS activity

3 documents in the last 5 years (most recent Dec 16, 2025).

Other buildings in this portfolio

CHAI 555 LLC controls 6 NYC buildings. Top properties by HPD violation count:

Frequently asked questions about 40-22 NATIONAL STREET

Who owns 40-22 NATIONAL STREET?

The current registered owner of record for 40-22 NATIONAL STREET per NYC PLUTO is CHAI 555 LLC. The most recent ACRIS deed transfer for this BBL was recorded on May 19, 2022 when the property was conveyed to CHAI 555 LLC. PLUTO ownership is refreshed monthly by NYC Department of Finance; the registered owner may not reflect transactions recorded within the last 30 days.

When was 40-22 NATIONAL STREET last sold?

The most recent ACRIS deed transfer for 40-22 NATIONAL STREET was recorded on May 19, 2022, when 40-16 NATIONAL ASSOCIATES, LLC conveyed the property to CHAI 555 LLC for $8.20M. The transaction was recorded as cash (no paired mortgage instrument).

How many HPD violations does 40-22 NATIONAL STREET have?

No open HPD housing-maintenance code violations are on record for 40-22 NATIONAL STREET. The building is not registered with NYC HPD's landlord-registration system, which is typical for owner-occupied 1-2 family dwellings. HPD violation data is pulled daily from the NYC Open Data violations feed.

What is the assessed value of 40-22 NATIONAL STREET?

NYC Department of Finance assesses 40-22 NATIONAL STREET at $2.18M for the current tax year. NYC assesses property at a fraction of estimated market value (the assessment ratio varies by tax class — 6% for tax class 1 one-to-three-family dwellings, approximately 45% for tax class 2 rental apartment buildings), so the market value implied by this assessment is meaningfully higher. Assessment data is published by NYC Department of Finance.

What building class is 40-22 NATIONAL STREET and what does that mean?

40-22 NATIONAL STREET is NYC building class K1 — One-story store. A one-story store, typically with residential above. Building class is assigned by NYC Department of Finance and recorded in PLUTO; it determines the property's tax class and the regulatory regime that applies.

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