# 70-28 Grand Central Parkway, Queens

Apartment building · 241 units · built 2025 · Block 2248, Lot 230.

On Umarelli: https://umarelli.org/nyc/4022480230/70-28-grand-central-parkway

More construction in Forest Hills: https://umarelli.org/nyc/queens/forest-hills.md

## Building permits

- New Building — Mid-Rise, filed Mar 18, 2024, 241 units, 13 stories, described as “(hub job) new building, 13 story and cellar. One zoning lot and two tax lot 228 and 230”
- Alteration, filed Nov 18, 2025, estimated cost $20K, described as “Equipment use: dual personnel hoists. Car# 1 shall be 7000# and CAR#2 shall be 6813# during NB const, filed sep. Hoists shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application. Elevator appli…”
- Alteration, filed Oct 10, 2025, estimated cost $140K, 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 Oct 10, 2025, estimated cost $19K, described as “Installation of a temporary roof protection and overhead protection 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 Oct 2, 2025, estimated cost $10K, described as “Installation of a temporarily heavy-duty sidewalk shed 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 Jun 17, 2024, estimated cost $1.0M, described as “Filing for installation of piles as per plans for new 13 story building”
- Alteration, filed Jun 16, 2023, estimated cost $1K, described as “Filing for temporary construction fence”

## Property taxes

- Assessment: $1,488,150
- 2026–27 tax: $121,109
- Market value (city estimate): $3,307,000
- Taxable value: $973,620
- Assessed land: $1,488,150

## Zoning

R7X: floor area ratio 6.79 built, above the 5.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- May 25, 2021: $23,700,000

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

## Flood zone

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

## In the news

[Developers Close On $125 Million Loan For 70–28 Grand Central Parkway in Forest Hills, Queens](https://newyorkyimby.com/2026/01/developers-close-on-125-million-loan-for-70-28-grand-central-parkway-in-forest-hills-queens.html), New York YIMBY, Jan 10, 2026.

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