47 Avenue, Queens
Vacant land · Block 28, Lot 121.
Building permits
- New Building — Mid-Rise, filed Dec 17, 2025, 147 units, 10 stories, described as “NYC DEV HUB. Application filed to erect 10 story new building as per plans.”
Property taxes
- Assessment
- $1,631,700
- 2026–27 tax
- $177,007
- Market value (city estimate)
- $3,626,000
- Taxable value
- $1,631,700
- Assessed land
- $1,631,700
Zoning
M1-3A/R7X: floor area ratio 0.00 built, 5.00 allowed by base zoning.
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
- Queens CD 2 Walk to Park Site Selection/Acq. (City Planning 2025Q0316): Completed, filed Aug 29, 2025. The Department of Parks and Recreation (DPR), along with co-applicant the Department of Citywide Administrative Services (DCAS), seeks approval for the acquisition and site selection (PC) of privately-owned properties for future park…
- 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…