# 2-33 50th Avenue, Queens

Apartment building · 499 units · built 2022 · Block 17, Lot 1.

On Umarelli: https://umarelli.org/nyc/4000170001/2-33-50-avenue

More construction in Long Island City: https://umarelli.org/nyc/queens/long-island-city.md

## Building permits

- New Building — Mid-Rise, filed Aug 19, 2021, 499 units, 12 stories, described as “It is proposed to file for a new 12 story building as shown on plans.”
- Alteration, filed Feb 4, 2026, estimated cost $1K, described as “Erect illuminated accessory business d/f blade sign for frankie's brooklyn pizza.”
- Alteration, filed Dec 15, 2025, estimated cost $85K, described as “Proposed interior renovation; upgrade finishes and lighting fixtures, no change in use, egress and occupancy.”
- Alteration, filed Sep 16, 2025, estimated cost $74K, described as “Application filed for interior renovation of non-load bearing partitions, ceilings, and finishes on the 1ST floor (stretch lab) as per plans filed herewith. No change in use, egress, or occupancy.”
- Alteration, filed Sep 2, 2025, estimated cost $450, described as “Erect sign tag as illuminated blade sign ( sign 3) @5TH street "kidstrong and logo"”
- Alteration, filed Sep 2, 2025, estimated cost $1K, described as “Erect sign tag as non-illuminated channel letter, canopy mounted with raceway ( sign 2) @5TH street "kidstrong and logo"”
- Alteration, filed Sep 2, 2025, estimated cost $1K, described as “Erect sign tag as non-illuminated channel letter, canopy mounted with raceway (sign 1) @49TH avenue "kidstrong and logo"”
- Alteration, filed Jul 30, 2025, estimated cost $80K, described as “Interior alterations of existing ground floor commercial space to include partition and finishes work. No change to use, occupancy or egress”
- Alteration, filed Jul 22, 2025, estimated cost $1K, described as “Erect illuminated accessory business wall sign for dumbo market”
- Alteration, filed Jul 22, 2025, estimated cost $1K, described as “Erect illuminated accessory business wall sign for dumbo market.”
- Alteration, filed Jul 17, 2025, estimated cost $150, described as “Non-illuminated non-advertising accessory sign on existing canopy - jasper. No change of use, egress or occupancy.”
- Alteration, filed Jul 15, 2025, estimated cost $173K, described as “Interior renovation in retail #3 on first floor (matsuzuki sakura). New mechanical work for commercial kithcen of exhaust hood and duct work. No change of use, egress or occupancy.”
- Alteration, filed Jun 16, 2025, described as “Install exterior non-illuminated blade sign (glowbar)”
- Alteration, filed Jun 16, 2025, estimated cost $450, described as “Install exterior illuminated wall sign (glowbar)”
- Alteration, filed May 26, 2025, estimated cost $77K, described as “Herewith filing retail store tenant fit out for sprinkler modifications as per plans. No change in use , egress or occupancy .”
- Alteration, filed May 21, 2025, estimated cost $5K, described as “Erect illuminated accessory business sign on wall for club pilates”
- Alteration, filed May 6, 2025, estimated cost $167K, described as “Renovation of health and fitness space including installation of interior partions for tiger j space on 1ST floor”
- Alteration, filed Apr 23, 2025, estimated cost $1K, described as “It is proposed to renovate sapce for new tenant "kidstrong" in ocnjunction with NB application as shown on plans.”
- Alteration, filed Mar 6, 2025, estimated cost $77K, described as “Application filed for interior renovation of non-load bearing partitions, ceilings, and finishes on the 1ST floor (glowbar) as per plans filed herewith. No change in use, egress, or occupancy.”
- Alteration, filed Jan 14, 2025, estimated cost $457K, described as “Installation of solar panels on existing roof. No change in use, occupancy, or egress. No change in bulk”
- Alteration, filed Jan 2, 2025, estimated cost $145K, described as “Interior renovation on existing 1ST fl commercial space for proposed club pilates studio with mecahnical work for new split unit & new ADA bathroom. Plumbing fixtures to be filed subsequently.”
- Alteration, filed Dec 20, 2024, estimated cost $5K, described as “Installation of a temporary pipe scaffold platform per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Dec 17, 2024, estimated cost $67K, described as “The scope of work under this job application is proposed new heating , ventilation, and air coonditioning system for new food market commercial sppace as per plans.”
- Alteration, filed Dec 9, 2024, estimated cost $327K, described as “Interior renovation of proposed new daycare space filed in conjunction with NB job# Q00564746”
- Alteration, filed Nov 18, 2024, estimated cost $1K, described as “This application is filed for a temporary use permit for a sales office on the first floor and model apartments on the 6TH floor for new building (appl Q00564746-I1), pursuant to section ac 28-111 and buildings bulletin 2010-002.”

19 more, older permits are in this building’s full list on the map: https://umarelli.org/nyc/4000170001/2-33-50-avenue.

## Property taxes

- Assessment: $99,777,150
- 2026–27 tax: $12,343,952
- Market value (city estimate): $221,727,000
- Taxable value: $99,235,890
- Assessed land: $4,104,000
- Assessed improvements: $95,673,150

## Zoning

M1-5/R8A (part of the lot is M1-4/R7A): floor area ratio 7.36 built, above the 6.02 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Sep 20, 2021: $88,500,000

Open-market sales since 2016, from the Department of Finance’s sales files.

## 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).

## In the news

[Jasper Secures $290M Refinancing Package At 2-33 50th Avenue In Long Island City, Queens](https://newyorkyimby.com/2025/11/jasper-secures-290m-refinancing-package-at-2-33-50th-avenue-in-long-island-city-queens.html), New York YIMBY, Nov 8, 2025.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology