# 24-02 49th Avenue, Queens

Office condominium · built c. 1928 · Block 71, Lot 7501.

On Umarelli: https://umarelli.org/nyc/4000717501/24-02-49-avenue

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

Every lot on block 71: https://umarelli.org/nyc/queens/71.md

## Building permits

- Alteration, filed Jun 29, 2026, estimated cost $30K, described as “Temporary field construction trailer , no change in use, occupancy or egress”
- Alteration, filed May 5, 2026, described as “Installation of temporary pipe scaffold as per plans. No change in use, egress or occupancy.”
- Alteration, filed Apr 20, 2026, estimated cost $84K, described as “Site/Civil: Install new building water service within 50th Avenue ROW, including trenching and DOT/DOBcompliant sidewalk, curb, and roadway restoration. No curb cuts, drainage structures, or street tree work proposed.”
- Alteration, filed Apr 14, 2026, estimated cost $10K, described as “Installation of temporary adjacent roof protections 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 Mar 23, 2026, described as “Installation of temporary heavy duty sidewalk shed 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 Mar 12, 2026, described as “Installation of temporary suspended scaffold equipment”
- Alteration, filed Mar 3, 2026, estimated cost $15.4M, described as “New MEP/FP infrastructure scope to support future lab fitout on the 5th and 6th floors.”
- Alteration, filed Mar 3, 2026, estimated cost $9.2M, described as “New water, gas, sanitary, and lab systems with booster, heaters, pH skid; reroute piping. New wet, dry, pre-action sprinklers with alarm valve for basement, rooftop AHUs, generator, and loading dock; modify existing systems as needed.”
- Alteration, filed Mar 3, 2026, estimated cost $4.4M, described as “Project scope is to include installation of new roofing systems at portions of the existing roof.”
- Alteration, filed Mar 3, 2026, estimated cost $18.9M, described as “New lab/office renovation on the 5th and 6th floors supported by existing base building infrastructure.”
- Alteration, filed Mar 3, 2026, estimated cost $17.1M, described as “Interior demolition/reconstruction at cellar, basement, 5th & 6th floors; roof openings/infill; remove roof ducts; install new windows & insulation at 5th & 6th; build roof bulkhead with access stairs.”
- Alteration, filed Mar 3, 2026, estimated cost $475K, described as “Fuel Storage + Generator”
- Alteration, filed Mar 3, 2026, estimated cost $4.0M, described as “New installation of Boiler”
- Alteration, filed Mar 3, 2026, estimated cost $3.4M, described as “Install new domestic water, booster pump, hot water heaters, lab waste system, gas service; reroute sanitary piping. Provide new wet/dry/pre-action sprinkler systems and modify existing systems for basement, roof, and loading dock.”
- Alteration, filed Mar 2, 2026, estimated cost $10.2M, described as “New structural steel framing and concrete work. 3,000LF”
- Alteration, filed Mar 2, 2026, estimated cost $43.1M, described as “Project scope is to include interior fit-out of fifth and sixth floors of an existing building. New interior construction to include laboratory spaces, open work spaces and enclosed offices.”
- Alteration, filed Mar 2, 2026, estimated cost $394K, described as “New slab penetrations and associated reinforcing steel. 42LF. New concrete mechanical pads.”
- Alteration, filed Feb 27, 2026, estimated cost $1.4M, described as “Project scope is abatement and removal of existing windows and masonry infill at 5th floor and 6th floor.”
- Alteration, filed Feb 27, 2026, estimated cost $891K, described as “Project scope is to include abatement and removal of portions of existing roofing system.”
- Alteration, filed Feb 20, 2026, estimated cost $10K, described as “Installation of 7,000# temporary single car personnel hoist per plan and application submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Aug 28, 2025, estimated cost $89K, described as “Sprinkler modification on 1st floor as per plans filed herewith. No change in egress, use, or occupancy.”
- Alteration, filed Aug 28, 2025, estimated cost $280K, described as “Modification to existing plumbing systems as per plans filed herewith. No change in egress, use, or occupancy.”
- Alteration, filed Aug 28, 2025, estimated cost $2.3M, described as “General Construction Modification of 1st floor per plans filed herewith. No change in egress, use, or occupancy.”
- Alteration, filed Aug 28, 2025, estimated cost $1.1M, described as “Mechanical modifications taking place on 1st floor as per plans filed herewith. No change in use, egress or occupancy.”
- Alteration, filed Apr 23, 2024, estimated cost $230K, described as “Modification of existing mechanical systems on 4th floor per plans filed herewith. No change in use, egress or occupancy.”

14 more, older permits are in this building’s full list on the map: https://umarelli.org/nyc/4000717501/24-02-49-avenue.

## Property taxes

- Assessment: $26,824,949
- 2026–27 tax: $629,038
- Market value (city estimate): $59,611,000
- Taxable value: $5,798,650
- Assessed land: $3,231,899
- Assessed improvements: $23,593,050
- Condo units with their own tax lots: 5

## Zoning

M1-4: floor area ratio 5.47 built, above the 2.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Nov 4, 2019: $337,534,524, Apt UNIT1, sold with other lots
- Nov 4, 2019: $74,786,006, Apt UNIT5

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. FEMA’s preliminary map: zone X, minimal flood hazard.

## Board and land use applications

- Long Island City BID Expansion (City Planning 2024Q0254): Business improvement district, Completed, filed Feb 2, 2024. An application from the Small Business Services (SBS) on behalf of the Long Island City Business Improvement District (BID) to modify the existing plan and expand the BID in Community Districts 1 and 2 of Queens.
- 24-02 49th Ave DEP Site Selection & Acquisition (City Planning 2023Q0365): Completed, decided Feb 29, 2024. A site selection and acquisition to facilitate the lease of approximately 180,885 sf for laboratory uses is being sought by the DEP and DCAS at 24-02 49th Ave in Long Island City, Community District 2, Queens.

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