# 24-16 Queens Plaza South, Queens

Condominium · 109 units · built c. 1925 · Block 424, Lot 7501.

On Umarelli: https://umarelli.org/nyc/4004247501/24-16-queens-plaza-south

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

## Building permits

- Alteration, filed Aug 24, 2026, described as “Suspended scaffold outrigger system at 24-16 queens plaza south, queens, for facade restoration work with inspections.”
- Alteration, filed Jun 17, 2020, estimated cost $3K, described as “Erect illuminated wall sign not within view of arterial highway or public park 1/2 acre or more. No change in use egress or occupancy”
- Alteration, filed Jun 17, 2020, estimated cost $3K, described as “Erect illuminated wall sign not within view of arterial highway or public park 1/2 acre or more. No change in use egress or occupancy”
- Alteration, filed Jun 16, 2020, estimated cost $2K, described as “Erect illuminated business accesasory wall sign not within view of arterial highway or public park 1/2 acre or more. No change in use egress or occupancy”
- Alteration, filed Feb 6, 2020, estimated cost $65K, described as “Sprinkler Modifications and associated piping. No change in use egress or occupancy.”
- Alteration, filed Feb 6, 2020, estimated cost $150K, described as “Mechanical Modifications and associated piping. No change in use egress or occupancy.”
- Alteration, filed Feb 6, 2020, estimated cost $88K, described as “Plumbing modifications as indicated on plans filed herewith. no change in use, egress or occupancy.”

## Property taxes

- Assessment: $12,340,346
- 2026–27 tax: $230,369
- Market value (city estimate): $27,423,028
- Taxable value: $1,948,230
- Assessed land: $768,594
- Assessed improvements: $11,571,752
- Condo units with their own tax lots: 110

## Tax breaks

- 421-a exemption, through Jun 30, 2035, about $1,168,419 a year below the full tax.

## Zoning

M1-5/R9: floor area ratio 6.66 built, 7.52 allowed by base zoning.

## Recent sales

- Jul 2, 2026: $1,065,000, Apt 9B
- Jul 17, 2025: $640,000, Apt 4F
- Mar 27, 2025: $847,000, Apt 18C
- Sep 20, 2024: $1,215,000, Apt 12A
- Jan 8, 2024: $837,000, Apt 9C
- Dec 21, 2023: $1,210,000, Apt 14A
- Oct 26, 2023: $825,000, Apt 8C
- Sep 13, 2023: $630,000, Apt 5F
- May 18, 2023: $565,000, Apt 11D
- Apr 19, 2023: $610,950, Unit PHE

The 10 most recent of 119 open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood 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.

## In the news

[Hero LIC Stands Completed at 24-16 Queens Plaza South in Long Island City, Queens](https://newyorkyimby.com/2020/08/hero-lic-stands-completed-at-24-16-queens-plaza-south-in-long-island-city-queens.html), New York YIMBY, Aug 11, 2020.

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