# 38-35 Crescent Street, Queens

Apartment building · 17 units · built 2020 · Block 387, Lot 2.

On Umarelli: https://umarelli.org/nyc/4003870002/38-35-crescent-street

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

## Building permits

- Alteration, filed Sep 1, 2026, estimated cost $80K, described as “Filing for a new type 1 kitchen exhaust hood, ductwork at kitchen and exhaust fan on the , there is no change in use, occupancy or egress under this application.”
- Alteration, filed Feb 11, 2022, estimated cost $20K, described as “Plumbing fixture with associated pipes for the commercial space.”
- Alteration, filed Feb 11, 2022, estimated cost $30K, described as “Interior renovation for existing commercial space as per plan filed herewith, no change in use, occupancy, or egress.”
- Alteration, filed Nov 18, 2021, estimated cost $3K, described as “To install non-advertising and non-illuminated business wall sign.”
- Alteration, filed Nov 8, 2021, estimated cost $106K, described as “Interior renovation for existing commercial space as per plan filed herewith. No change in use, occupancy, or egress.”
- Alteration, filed Sep 1, 2020, estimated cost $1K, described as “Installation of construction fence as per plan filed herewith.. No change in use, occupancy or egress.”
- Alteration, filed Jul 17, 2020, described as “Installation of temporary supported scaffold per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Jun 14, 2020, estimated cost $1K, described as “Installation of new curb cut in conjunction w/ NB #421936212. No change in use, occupancy or egress.”
- Alteration, filed May 20, 2020, described as “Installation of temporary sidewalk shed per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Apr 15, 2020, estimated cost $102K, described as “Sprinkler Work Type Filing in Conjunction with NB Job No. 421936212, No Change in Use, Occupancy or Egress.”
- Alteration, filed Jul 18, 2019, estimated cost $1K, described as “Installation of construction fence as per plan filed herewith. No change in use, occupancy or egress.”

## Property taxes

- Assessment: $1,961,100
- 2026–27 tax: $60,503
- Market value (city estimate): $4,358,000
- Taxable value: $486,394
- Assessed land: $263,250
- Assessed improvements: $1,697,850

## Tax breaks

- 421-a exemption, through Jun 30, 2056, about $183,439 a year below the full tax.

## Zoning

M1-2/R5D: floor area ratio 3.41 built, above the 2.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- May 17, 2019: $4,750,000

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

[Affordable Housing Lottery Launches for 38-35 Crescent Street in Long Island City, Queens](https://newyorkyimby.com/2021/05/affordable-housing-lottery-launches-for-38-35-crescent-street-in-long-island-city-queens.html), New York YIMBY, May 4, 2021.

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