42-61 24th Street, Queens
Industrial · built c. 1929 · Block 429, Lot 3.
Building permits
- New Building — Tower, filed Aug 7, 2023, 218 units, 21 stories, described as “New building 21-story mixed use building with cellar level”
- Alteration, filed Jun 16, 2025, estimated cost $5K, described as “Mechanical equipment use in conjuction with demolition job 421812408”
- Alteration, filed Jun 16, 2025, estimated cost $8K, described as “Convert elevator shaft to debris chute conjuction with demolition job 421812408”
- Alteration, filed May 18, 2025, estimated cost $3K, described as “Roposed to cap and remove sprinkler system ,no change to use, occupancy or egress under this application.”
- Alteration, filed May 12, 2025, estimated cost $8K, described as “Install plywood construction fence in-conjunction with demo application 421812408”
- Alteration, filed Apr 28, 2025, estimated cost $2K, described as “Engineer enclosure system as per plans.”
- Alteration, filed Nov 5, 2024, 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 Nov 14, 2023, estimated cost $1K, described as “Filing application for 16 feet wide curbcut in conjunction with NB #Q00875373”
- Alteration, filed Oct 17, 2018, 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 May 9, 2018, estimated cost $3K, 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.”
Property taxes
- Assessment
- $2,861,550
- 2026–27 tax
- $288,649
- Market value (city estimate)
- $6,359,000
- Taxable value
- $2,660,850
- Assessed land
- $576,450
- Assessed improvements
- $2,285,100
Zoning
M1-6/R10 (part of the lot is M1-5/R7-3): floor area ratio 3.64 built, 10.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Jan 26, 2022: $40,100,000, sold with other lots
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- 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
Renderings Revealed for The Cube at 42-53 24th Street in Long Island City, Queens., New York YIMBY, Feb 23, 2025.