--- title: "75-40 AUSTIN Street #5FL, New York City, NY 11375" description: "75-40 AUSTIN Street #5FL, New York City, NY 11375 — Forest Hills, New York City, NY. Listing Price $399,000. In contract 7/14/2026. 2 bed, 1 bath, 896 sqft Illustrative Buyer Commission Share of $5,985 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/queens/11375/75-40-austin-street-fl-5FL-ny-11375" source: "Real Estate Rebate Team" status: "Pending" --- # 75-40 AUSTIN Street #5FL, New York City, NY 11375 Forest Hills, New York City, NY Courtesy of Brown Harris Stevens Residential Sales LLC ## At a Glance - **Listing Price**: $399,000 - **Status**: In contract 7/14/2026 In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion. - **Beds**: 2 - **Baths**: 1 - **Sqft**: 896 - **Common Charges**: $1,060 / mo - **Price per Sqft**: $445 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $399,000 - **Illustrative Buyer Commission Share**: -$5,985* - **Illustrative Net Cost**: $393,015 *Illustrative Buyer Savings of $5,985 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (1) ![75-40 AUSTIN Street #5FL, New York City, NY 11375 — photo 1 of 1](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c99e24c8-d203-4d26-bedd-bccbb9e7dd9d.jpg) ## Property Overview "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. ## Property Details - **Property Type**: Co-op - **Beds**: 2 - **Baths**: 1 - **Rooms**: 5 - **Sqft**: 896 sqft - **Stories**: 6 - **Year Built**: 1940 - **Price per Sqft**: $445 - **Common Charges**: $1,060 / Monthly - **Listed On**: Feb 10, 2026 - **Days on Market**: 235 Days ### Residence Features - Private Outdoor Space Over 60 Sqft - City - Park/Greenbelt ## Estimated Monthly Payment **$3,078 / month**, assuming a 20% down payment ($79,800), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $2,018 - **Common Charges**: $1,060 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### Recent sales 13 apartments at Michelle Towers have recorded sales since October 2021, the most recent for $430,000 in February 2026. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sold Price | Sold | Source | | --- | --- | --- | --- | --- | | 2AR (Apartment) | 2 | $430,000 | February 12, 2026 | City record · MLS | | 5ER (Apartment) | — | $195,000 | September 23, 2025 | City record | | 6BL (Apartment) | — | $540,000 | March 19, 2025 | City record | | 1AR (Apartment) | — | $430,000 | March 18, 2025 | City record | | 6AR (Apartment) | — | $425,000 | March 4, 2025 | City record | | 3GL (Apartment) | — | $357,000 | November 28, 2023 | City record | | 3CL (Apartment) | — | $335,000 | November 16, 2023 | City record | | 2CL (Apartment) | — | $338,500 | October 18, 2023 | City record | | 3EL (Apartment) | — | $198,000 | February 22, 2023 | City record | | 3CL (Apartment) | — | $287,000 | October 24, 2022 | City record | | 6CR (Apartment) | — | $405,000 | September 22, 2022 | City record | | 4-AL (Apartment) | 1 | $393,000 | March 16, 2022 | City record · MLS | | 2DR (Apartment) | — | $186,000 | October 15, 2021 | City record | Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below. ### How this price compares - **This home**: $399,000 - **Median sold price**: $615,000 - **Difference**: -$216,000 (-35.1%) - **This home, $/ft²**: $445 - **Comparable sales**: 17 - **Sales from**: January 2025 – July 2026 - **Middle half of those sales**: $455,000 – $690,000 Based on co-op two-bedroom sales in Forest Hills. Square footage is recorded for only 9 of these 17 sales (53%), so no price per square foot is shown for this group. Co-op sales rarely carry a floor area, and a figure drawn from a handful of them would not describe the rest. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Forest Hills instead. ### How these sales were negotiated - **Sale-to-list price**: 98% (15 sales) - **Sold below asking**: 60% (15 sales) - **Typical time to find a buyer**: 86 days (15 sales) - **Typical time to close**: 96 days (15 sales) Based on co-op two-bedroom sales in Forest Hills with the required listing and closing data. Sample sizes vary by metric. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. ### Price trend Median sale price, co-op two-bedroom sales in Forest Hills | Year | Median sold price | Sales | | --- | --- | --- | | 2018 | $534,500 | 10 | | 2019 | $549,500 | 12 | | 2022 | $523,000 | 10 | | 2024 | $467,250 | 12 | Based on recorded co-op two-bedroom sales in Forest Hills. Sales data through July 2026. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at Michelle Towers](https://realestaterebatesnewyork.com/buildings/new-york-city/queens/michelle-towers) ## Price and Property History for 75-40 AUSTIN Street, Unit 5FL Review the recorded listing activity for 75-40 AUSTIN Street, Unit 5FL, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $76,000, or 16%, on August 12, 2026 - **Originally listed**: February 10, 2026 at $475,000 | Date | Price | Listing event | | --- | --- | --- | | August 12, 2026 | $399,000 | Asking price reduced by $76,000, or 16% | | July 14, 2026 | $399,000 | Entered contract | | February 10, 2026 | $475,000 | Listed for sale by Brown Harris Stevens Residential Sales LLC | ## Property Taxes This apartment is part of a co-op that is taxed as one lot shared across 96 apartments. The corporation’s 2026 property tax bill was $505,863 for the whole building. Shareholders cover it through their monthly maintenance rather than a separate bill for this unit. [See the full property tax history for Michelle Towers](https://realestaterebatesnewyork.com/buildings/new-york-city/queens/michelle-towers) [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### Michelle Towers Forest Hills · Stock Cooperative 75-40 AUSTIN Street, Forest Hills, NY 11375 A building in Forest Hills, currently featuring 0 active listings. - **Year Built**: 1940 - **Active Units**: 0 - **Floors**: 6 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/queens/michelle-towers) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [5FL](https://realestaterebatesnewyork.com/buy/newyorkcity/queens/11375/75-40-austin-street-fl-5FL-ny-11375) | 2 | 1 | 896 sqft | $445 | $399,000 (-16.0%) — In contract | Brown Harris Stevens Residential Sales LLC | Feb 10, 2026 | 235 days | ## In the Neighborhood ### Nearby Subways - **75 Av** (Queens Blvd) — 0.12 mi • 3 min walk - **Kew Gardens-Union Tpke** (Queens Blvd) — 0.44 mi • 9 min walk - **Forest Hills-71 Av** (Queens Blvd) — 0.51 mi • 11 min walk Distances are approximate. Walking routes may vary. ## Forest Hills Overview of Forest Hills [Explore Forest Hills](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/forest-hills) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Forest Hills - [Rego Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/rego-park) - [Kew Gardens real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/kew-gardens) - [Flushing Meadows Corona Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/flushing-meadows-corona-park) - [Kew Gardens Hills real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/kew-gardens-hills) - [Middle Village real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/middle-village) - [Corona real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/corona) ## Related Links - [Michelle Towers — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/queens/michelle-towers) - [Forest Hills neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/forest-hills) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.