2-21 Malt Drive, Queens
Apartment building · 812 units · built 2022 · Block 11, Lot 1.
Building permits
- Alteration, filed Oct 1, 2026, estimated cost $6K, described as “Propose two new illuminated, non flashing, accessory business sign for existing partial first floorcommercial space. No change to use, egress or occupancy.”
- Alteration, filed Apr 14, 2026, estimated cost $6K, described as “Three non-illuminated non-advertising accessory awnings. No change of use, egress or occupancy.”
- No Work, filed Mar 31, 2026
- Alteration, filed Mar 5, 2026, estimated cost $166K, described as “Interior fit out for Pilates studio. No change to use egress or occupancy”
- Alteration, filed Dec 30, 2025, estimated cost $108K, described as “Interior renovation existing commercial space with partition work and mechanical on 1ST floor. No change in use, egress or occupancy.”
- Alteration, filed Nov 25, 2025, estimated cost $105K, described as “Interior renovation existing commercial space with partition work on 1ST floor.”
- Alteration, filed Jul 16, 2025, estimated cost $20K, described as “Install new plumbing fixtures and gas cooking equipment in commercial kitchen @ 1st floor restaurant. no change in co egress and occupancy.”
- Alteration, filed Jul 16, 2025, estimated cost $116K, described as “Install new partitions floor/wall system and ceilign tiles. Paint exitsing ceiling and inatll new lighting fixtures. Install new kitchen hood system in existing commercial kitchen install new a/c unit on 1ST floor. No change in co, egress…”
- Alteration, filed Apr 28, 2025, estimated cost $180K, described as “Commercial space renovation on 1ST floor as per plans filed herewith. No change to use, egress or occupancy.”
- Alteration, filed Apr 11, 2025, described as “Installation of suspended scaffold as shown on plans”
- Alteration, filed Jul 17, 2024, estimated cost $1K, described as “Tenant Protection plan (no work) filed in conjunction with NB 421133641.”
- Alteration, filed Jan 3, 2024, estimated cost $10K, described as “Installation and use of a gantry as per plans submitted. Gantry shall comply with chapter #33 of NYC building code. This application involves no change in occupancy, use or egress.”
- Alteration, filed Dec 6, 2023, described as “Application for the installation and use of suspended scaffolds as per plans filed herein. No change in egress, use, or occupancy.”
- No Work, filed Dec 1, 2023
- Alteration, filed Oct 25, 2023, estimated cost $1K, described as “Install new doublewall metal stack. All structual details, supports, gas, etc., in conjunction with NB 421133641. No change in means of egress use group or occupancy.”
- Alteration, filed Oct 20, 2023, estimated cost $1K, described as “Installation and use of temporary mini crane as per plans filed herewith. No change in use, egress or occupancy.”
- No Work, filed Aug 11, 2023
- Alteration, filed Jul 12, 2023, estimated cost $100K, described as “Install new cogen unit as per plans. Install new exhaust vents as per plans. No change in use, egress or occupancy.”
- Alteration, filed Jul 12, 2023, estimated cost $400K, described as “Install five (5) new gas-fired boilers as per plans. No change in use, egress or occupancy.”
- Alteration, filed Jun 21, 2023, estimated cost $50K, described as “Temporary pipe scaffold as per drawings. Scaffold shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application.”
- Alteration, filed May 4, 2023, estimated cost $3K, described as “Temporary bakers scaffold as per drawings. Bakers scaffold shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application.”
- Alteration, filed Apr 20, 2023, estimated cost $10K, described as “Installation of suspended scaffold as shown on plans”
- Alteration, filed Apr 20, 2023, estimated cost $10K, described as “Installation of suspended scaffold as shown on plans”
- Alteration, filed Mar 13, 2023, estimated cost $1K, described as “Installation and use of temporary climbing platform as per plan filed herewith. No change in use egress or occupancy.”
- Alteration, filed Mar 9, 2023, estimated cost $400K, described as “Installation of temporary pipe scaffold as per drawings. Scaffold shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application.”
32 more, older permits are in this building’s full list on the map.
Property taxes
- Assessment
- $79,386,750
- 2026–27 tax
- $262,470
- Market value (city estimate)
- $176,415,000
- Taxable value
- $2,110,059
- Assessed land
- $4,335,300
- Assessed improvements
- $75,051,450
Tax breaks
- 421-a exemption, through Jun 30, 2060, about $9,612,448 a year below the full tax.
Zoning
R7-3: floor area ratio 6.43 built, above the 5.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 10 ft (NGVD29). FEMA’s preliminary map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 11 ft (NAVD88).
Recent sales
- May 15, 2019: $285,000,000
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- Newtown Creek Waterfront Certification (City Planning 2021Q0353): Certification, Completed, filed Nov 3, 2021, decided Jan 25, 2022. A Waterfront Certification to facilitate the development of two towers, a private street and open space, and a Waterfront Public Access Area, including approximately 103,804 square feet of open area, is being sought by Bud North LLC and…
In the news
Housing Lottery Launches for 2-21 Malt Drive in Hunters Point, Queens, New York YIMBY, Jan 23, 2025.