# 42-38 27th Street, Queens

Apartment building · 56 units · built 2025 · Block 430, Lot 16.

On Umarelli: https://umarelli.org/nyc/4004300016/42-38-27-street

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

## Building permits

- New Building — Large Residential, filed Apr 1, 2022, 60 units, 8 stories, described as “Proposed 8-story mix used building. (minor changes of interior layout)”
- Alteration, filed Jan 2, 2026, estimated cost $3K, described as “Installation of a temporarily supported scaffold per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Dec 5, 2025, estimated cost $10K, described as “Installation of 5000 lbs gjj SC270GD single car personal hoists and employee elevator as per plan in conjunction with Q00710146-I1. Work shall comply with 2022 NYC building code. No change to egress, occupancy or use.”
- Demolition, filed Dec 31, 2024, estimated cost $3K, described as “This job is filed for demolition of two story house”
- Alteration, filed Feb 13, 2023, estimated cost $1K, described as “Installation plywood fence in conjunction with demo job#421814282.”
- Alteration, filed Oct 28, 2022, estimated cost $3K, described as “Installation of a temporary heavy-duty sidewalk shed and material storage 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 Oct 7, 2022, estimated cost $3K, described as “Proposed to cap and remove sprinkler system ,no change to use, occupancy or egress under this application.”
- Alteration, filed Sep 27, 2022, estimated cost $1K, described as “Install 214.62' long, 8' high construction fence on sidewalk within 3' of property line.”
- Alteration, filed Jun 14, 2022, estimated cost $1K, described as “Installation plywood fence in conjunction with demo job #421804569 and 421804550.”

## Property taxes

- Assessment: $1,074,600
- 2026–27 tax: $96,657
- Market value (city estimate): $2,388,000
- Taxable value: $777,051
- Assessed land: $1,074,600

## Zoning

M1-5/R7-3: floor area ratio 4.29 built, 5.00 allowed by base zoning.

## Recent sales

- Feb 8, 2022: $7,000,000

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## 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

[Excavation Begins for The Moon 27 at 42-38 27th Street in Long Island City, Queens](https://newyorkyimby.com/2024/07/excavation-begins-for-the-moon-27-at-42-38-27th-street-in-long-island-city-queens.html), New York YIMBY, Jul 22, 2024.

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