5-11 47th Avenue, Queens
Apartment building · 188 units · built 2014 · Block 28, Lot 21.
Building permits
- Alteration, filed Dec 11, 2018, described as “Installation of heavy duty sidewalk shed as per plans. No change in use, egress or occupancy.”
Property taxes
- Assessment
- $17,437,500
- 2026–27 tax
- $1,588,046
- Market value (city estimate)
- $38,750,000
- Taxable value
- $12,766,668
- Assessed land
- $1,170,000
- Assessed improvements
- $16,267,500
Tax breaks
- 421-a exemption, through Jun 30, 2027, about $385,265 a year below the full tax.
Zoning
M1-5A/R8: floor area ratio 7.20 built, above the 6.02 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).
Board and land use applications
- Long Island City Neighborhood Plan (City Planning 2024Q0304): Zoning map change, Zoning text change, Urban development action area, Completed, filed Apr 18, 2025, decided Nov 12, 2025. In coordination with its agency partners, DCP is leading a neighborhood study in Long Island City that focuses on areas adjacent to the Special Long Island City Mixed Use District, including the waterfront. This plan seeks to increase the…