38-20 32nd Street, Queens
Vacant land · Block 382, Lot 24.
Building permits
- New Building — Mid-Rise, filed May 21, 2025, 55 units, 11 stories, described as “Hub consultation completed on 5/9/2025. Please assign to hub team. New 11 story 55 dwelling unit residential building with 14 parking spaces on the ground. Following zoning analysis is for 1 zoning lot w/ 2 tax lots: #23 (existing bldg) &…”
- Alteration, filed Jun 11, 2026, estimated cost $2K, described as “Herewith filed for an 8 ft plywood construction fence”
- Alteration, filed May 1, 2025, estimated cost $5K, described as “Proposed installation of heavy duty sidewalk shed as per plans. Live load 300 lbs per square feet. Sidewalk shed shall comply with chapter #33 of the NYC building code. No change in use, occupancy, or egress under this application.”
- Alteration, filed Dec 2, 2024, estimated cost $6K, described as “Install Temporary Wood Construction fence in conjunction with Demolition application. No change to egress, occupancy or use.”
- Demolition, filed Nov 7, 2024, estimated cost $100K, described as “Demolish 2 story Commercial Building.”
Property taxes
- Assessment
- $215,550
- 2026–27 tax
- $23,383
- Market value (city estimate)
- $479,000
- Taxable value
- $215,550
- Assessed land
- $215,550
Zoning
M1-3/R7X: floor area ratio 0.00 built, 5.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Aug 18, 2026: $15,200,000
- Apr 3, 2024: $6,612,500
Open-market sales since 2016, from the Department of Finance’s sales files.