42-42 27th Street, Queens
Vacant land · Block 430, Lot 7.
Building permits
- New Building — Mid-Rise, filed Aug 11, 2021, estimated cost $800K, 93 units, 14 stories, described as “Propose new 14 story mixed-use building containing retail stores on 1ST & 2ND floors with total 93 residential apartments on upper floors. Obtain new co.”
- Alteration, filed Aug 22, 2025, estimated cost $20K, described as “Site preparation and grading work for vacant lot.”
- Alteration, filed Sep 7, 2021, estimated cost $8K, described as “To install fence in conjunction with NB application #Q00555969.”
- Alteration, filed Aug 2, 2021, estimated cost $100K, described as “Foundation and soe in conjuciton with NB job # Q00563277”
Property taxes
- Assessment
- $1,157,400
- 2026–27 tax
- $112,365
- Market value (city estimate)
- $2,572,000
- Taxable value
- $1,035,810
- Assessed land
- $1,157,400
Zoning
M1-5/R7-3: 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 25, 2016: $12,543,374
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
Permits Filed for Hotel at 25-10 42nd Road in Long Island City, Queens, New York YIMBY, Aug 18, 2021.