48-00 Grand Avenue, Queens
Industrial · built c. 1930 · Block 2611, Lot 110.
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Building permits
- Alteration, filed May 26, 2022, estimated cost $25K, described as “Restoration of curb per plans filed herewith”
- Alteration, filed Nov 15, 2021, estimated cost $937K, described as “Modification of exterior plumbing to connect proposed building to existing sanitary main.”
- Alteration, filed Jun 30, 2021, estimated cost $5K, described as “Installation of construction fence as per plans.construction fence shall comply with chapter #33 of the 2014 code. No change in use, egress or occupancy under this application.”
- Alteration, filed Apr 30, 2021, estimated cost $300K, described as “Removal of (4) radio towers.”
- Major Renovation — Non-residential, filed Mar 15, 2021, estimated cost $5.2M, 1 story, described as “General Construction on the ground floor as per plans filed herewith.”
- Alteration, filed Mar 15, 2021, estimated cost $5.0M, described as “Foundation modifications as per plans filed herewith.”
- Alteration, filed Mar 15, 2021, estimated cost $541K, described as “Mechanical modification on the ground floor as per plans filed herewith. No change to use, egress or occupancy.”
- Alteration, filed Mar 15, 2021, estimated cost $364K, described as “Sprinkler modification on the ground floor as per plans filed herewith. No change to use, egress or occupancy.”
- Alteration, filed Mar 15, 2021, estimated cost $91K, described as “Standpipe modification on ground floor as per plans filed herewith. No change to use, egress, or occupancy.”
- Alteration, filed Mar 15, 2021, estimated cost $398K, described as “Plumbing modification on the ground floor as per plans filed herewith. No change to use, egress or occupancy.”
- Alteration, filed Mar 12, 2021, estimated cost $2.7M, described as “Structural modification on the ground floor as per plans filed herewith.”
Property taxes
- Assessment
- $8,146,350
- 2026–27 tax
- $203,510
- Market value (city estimate)
- $18,103,000
- Taxable value
- $7,939,440
- Assessed land
- $1,642,500
- Assessed improvements
- $6,503,850
Tax breaks
- ICAP abatement, through Jun 30, 2048, a $657,761 credit this tax year.
Zoning
M3-1: floor area ratio 0.25 built, 2.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Nov 13, 2020: $51,000,000, sold with other lots
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- DEP Newtown Creek CSO Tunnel (City Planning 2025Y0129): Completed, filed Aug 12, 2025, decided Mar 26, 2026. Site selections and acquisitions to facilitate a new Combined Sewer Overflow Tunnel connecting outfalls along Newtown Creek, is being sought by Department of Environmental Protection in the Hunters Point, Maspeth, Greenpoint, and…