42-50 24th Street, Queens
Vacant land · Block 428, Lot 1.
Building permits
- New Building — Tower, filed Aug 12, 2025, 387 units, 39 stories, early work permitted while the building plans are in review, described as “NYC development hub consultation 6/9/2025 - filing for 39 story residential new building”
- Alteration, filed Nov 4, 2025, estimated cost $26K, described as “Installation of temporary construction fence as per plans.”
- Alteration, filed Sep 3, 2025, estimated cost $2K, described as “Filing for installation of sprinkler/standpipe system in conjunction with new building # Q01263805-I1”
- Alteration, filed Nov 12, 2020, estimated cost $1K, described as “Filing for curb CUT#1 in conjunction with new BUILDING#420666363”
- Alteration, filed Nov 12, 2020, estimated cost $1K, described as “Filing for curb CUT#2 in conjunction with new BUILDING#420666363”
- Alteration, filed Oct 7, 2020, estimated cost $1K, described as “Structural work being filed in conjunction with new building.”
- Alteration, filed Sep 18, 2020, estimated cost $5K, described as “Installation of plywood fence as per drawings. Plywood fence shall comply with chapter #33 of the NYC building code. No change in use, occupancy or egress under this application. Dot permits by others for fence installed on…”
- Alteration, filed Sep 18, 2020, estimated cost $1K, described as “Plumbing work in conjunction with new building 420666363”
- Alteration, filed Sep 18, 2020, estimated cost $1K, described as “Sprinkler and standpipe system installation in conjunction with new building #420666363”
- Alteration, filed Aug 12, 2020, estimated cost $20K, described as “Installation of temporary dry standpipe system in conjunction with application NB 420666363”
- Alteration, filed Nov 8, 2019, estimated cost $35K, described as “Installation of temporary lateral bracing to stabilize north wall and includes removal of unstable parapet along east wall as per plans filed herewith.”
- Alteration, filed Nov 1, 2019, estimated cost $1K, described as “Mechanical work being filed in conjunction with new building.”
- Alteration, filed Nov 1, 2019, estimated cost $1K, described as “Filing for underground plumbing work in conjunction with new building.”
- Alteration, filed Sep 19, 2019, described as “Installation of plywood fence as per plans. No change in use, egress or occupancy.”
Property taxes
- Assessment
- $3,249,900
- 2026–27 tax
- $279,813
- Market value (city estimate)
- $7,222,000
- Taxable value
- $2,579,400
- Assessed land
- $3,249,900
Zoning
M1-6/R10: floor area ratio 0.00 built, 10.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Feb 22, 2024: $57,500,000
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- Queens CD 2 Walk to Park Site Selection/Acq. (City Planning 2025Q0316): Completed, filed Aug 29, 2025. The Department of Parks and Recreation (DPR), along with co-applicant the Department of Citywide Administrative Services (DCAS), seeks approval for the acquisition and site selection (PC) of privately-owned properties for future park…
- Long Island City Neighborhood Plan (City Planning 2024Q0304): Zoning map change, Zoning text change, Urban development action area, Completed, filed Apr 18, 2025, decided Nov 12, 2025. In coordination with its agency partners, DCP is leading a neighborhood study in Long Island City that focuses on areas adjacent to the Special Long Island City Mixed Use District, including the waterfront. This plan seeks to increase the…
- 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
Permits Filed for 23-15 43rd Avenue in Long Island City, Queens, New York YIMBY, Aug 16, 2025.