42-81 Hunter Street, Queens
Industrial · built 1941 · Block 432, Lot 33.
Building permits
- New Building — Mid-Rise, filed May 19, 2026, 38 units, 14 stories, early work permitted while the building plans are in review, described as “Proposed construction of a 14-story plus cellar mixed use building.”
- Demolition, filed Apr 6, 2026, estimated cost $50K, described as “This job is filed for full demolition work at 42-81 Hunter Street, Queens, NY 11101”
Property taxes
- Assessment
- $503,100
- 2026–27 tax
- $48,279
- Market value (city estimate)
- $1,118,000
- Taxable value
- $445,050
- Assessed land
- $134,100
- Assessed improvements
- $369,000
Zoning
M1-5/R7-3: floor area ratio 1.00 built, 5.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Feb 26, 2026: $9,750,000, 4,950 sq ft ($1,970 per sq ft)
Open-market sales since 2016, from the Department of Finance’s sales files.
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.