# 32-03 39th Avenue, Queens

Apartment building · 129 units · built 1965 · Block 381, Lot 30.

On Umarelli: https://umarelli.org/nyc/4003810030/38-27-32-street

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

## Building permits

- Alteration, filed Jul 27, 2023, estimated cost $12K, described as “Installation of temporary netting 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 Jun 20, 2023, estimated cost $60K, described as “Installation of 7,000# temporary dual cars personnel/material hoists 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 Apr 7, 2023, described as “Installation of temporary pipe scaffold as per plans. No change in use, egress or occupancy.”
- Alteration, filed Mar 7, 2023, estimated cost $1K, described as “Installation of temporary heavy duty sidewalk shed as per plans. No change in use, egress or occupancy. Sidewalk shed shall comply with chapter #33 of 2022 the NYC building code. Live load 300PSF.”
- Alteration, filed Feb 8, 2023, estimated cost $50K, described as “Installation of temporary shoring and temporary bracing for renovation of 1-story building, as per plans filed herewith.”
- Alteration, filed Jun 27, 2022, estimated cost $20K, described as “Interior demolition, removal of interior non-bearing walls and partitions. No change in use, egress, or occupancy”
- Major Renovation — Conversion, filed Mar 10, 2022, estimated cost $30.1M, 129 units added, 10 stories, described as “Conversion to residential and nine-story vertical addition to existing one-story community facility building”

## Property taxes

- Assessment: $7,576,650
- 2026–27 tax: $168,621
- Market value (city estimate): $16,837,000
- Taxable value: $1,355,580
- Assessed land: $877,500
- Assessed improvements: $6,699,150

## Tax breaks

- 421-a exemption, through Jun 30, 2060, about $773,839 a year below the full tax.

## Zoning

M1-3/R7X: floor area ratio 7.84 built, above the 5.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Jun 2, 2022: $19,104,257

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

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## In the news

[38-27 32nd Street’s Exterior Progresses in Long Island City, Queens](https://newyorkyimby.com/2023/10/38-27-32nd-streets-exterior-progresses-in-long-island-city-queens.html), New York YIMBY, Oct 30, 2023.

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