# 5-22 49th Avenue, Queens

Apartment building · 29 units · built 2022 · Block 32, Lot 35.

On Umarelli: https://umarelli.org/nyc/4000320035/5-22-49-avenue

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

## Building permits

- New Building — Multi-Family, filed Mar 17, 2021, 29 units, 5 stories
- Alteration, filed Jan 27, 2024, estimated cost $30K, described as “Installation of solar panel on existing roof. No change in use, occupancy, or egress. No change in bulk”
- Alteration, filed Nov 14, 2023, estimated cost $1K, described as “Install 12'-0" ft. curb cut to provide access to 49th Avenue as per plans filed herewith. No change to use, egress or occupancy. Filed in conjunction with NB #421786856.”
- Alteration, filed Jul 20, 2023, estimated cost $4K, described as “Installation of temporary barricade as per plans. No change in use, egress or occupancy.”
- Alteration, filed Jun 30, 2022, estimated cost $1K, described as “Installation of temporary roof protection as per plans. No change in use, egress or occupancy.”
- Alteration, filed Jun 30, 2022, described as “Installation of temporary pipe scaffold as per plans. No change in use, egress or occupancy.”
- Alteration, filed Jun 30, 2022, described as “Installation of temporary sidewalk shed as per plans. No change in use, egress or occupancy.”
- Alteration, filed Mar 21, 2022, estimated cost $1K, described as “Proposed construction fence 8'-0" filed in conjunction with NB#421786856”
- Alteration, filed Jun 16, 2021, estimated cost $10K, described as “Fn/PS904Q - for temporary construction equipment(fence)submitting on behalf of contractor, in conjunction with llw # 126857 no change in use, occupancy or egress”
- Alteration, filed Apr 28, 2021, estimated cost $17K, described as “Mechanical work in conjunction with New Building”
- Alteration, filed Apr 28, 2021, estimated cost $32K, described as “Sprinkler in conjunction with New Building”
- Alteration, filed Apr 21, 2021, estimated cost $30K, described as “Plumbing work related to removals of Temporary Classroom Unit. Remove fixtures and piping. Disconnect water and sanitary services”
- Alteration, filed Apr 15, 2021, estimated cost $250K, described as “Filing for romoval of temporary classroom unit. As shown on drawings filed herewith. No change in use, egress or occupancy”
- Alteration, filed Apr 13, 2021, estimated cost $80K, described as “Structural in conjunction with New Building”
- Alteration, filed Apr 13, 2021, estimated cost $40K, described as “Foundation in Conjunction with New Building”
- Alteration, filed Mar 19, 2021, estimated cost $30K, described as “Plumbing in conjunction with New Building”
- Alteration, filed Dec 14, 2020, estimated cost $160, described as “Proposed construction fence. No change to use, egress or occupancy under this application”
- Alteration, filed Oct 26, 2020, described as “Installation of temporary sidewalk shed as per plans. No change in use, egress or occupancy.”

## Property taxes

- Assessment: $3,328,650
- 2026–27 tax: $24,214
- Market value (city estimate): $7,397,000
- Taxable value: $194,663
- Assessed land: $528,300
- Assessed improvements: $2,800,350

## Tax breaks

- 421-a exemption, through Jun 30, 2060, about $389,837 a year below the full tax.

## Zoning

M1-4/R6B: floor area ratio 2.52 built, above the 2.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Sep 4, 2020: $3,130,000, 2,770 sq ft ($1,130 per sq ft)

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

## Flood zone

Current FEMA flood map: zone X, moderate risk: a 0.2% chance of flooding each year.

## In the news

[Exterior Work Finishes on 5-22 49th Avenue in Long Island City, Queens](https://newyorkyimby.com/2024/06/exterior-work-finishes-on-5-22-49th-avenue-in-long-island-city-queens.html), New York YIMBY, Jun 3, 2024.

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