16-63 Cody Avenue, Queens
Industrial · built c. 1934 · Block 3556, Lot 61.
Building permits
- Alteration, filed Aug 25, 2026, estimated cost $1.5M, described as “Install Sprinkler and Standpipe systems modifications within floors 001, 002, 003 in conjunction with original Environmental Investigative Probe and Foundation Removal Application # Q00934566-I1 and Subsequent Permitted Structural Appli…”
- Alteration, filed Jul 27, 2026, described as “Installation of curb cut on the west side of Cody Avenue, 117.92 feet south of Cypress Avenue; 24 feet wide curb cut plus two 3' splays both sides. Existing 12 foot wide and 18 foot wide curb cuts to be abandoned.”
- Alteration, filed Jul 14, 2025, estimated cost $1K, described as “Installation of sidewalk shed and supported scaffolding in accordance with nycc 2022 chapter 33 building code. No change in egress, use, or occupancy.”
- Alteration, filed Jul 14, 2025, estimated cost $1K, described as “Installation of roof protection for adjacent property during construction. Roof protection shall comply with 2022 chapter 33 building code. No change in egress, use, or occupancy.”
- Major Renovation — Enlargement, filed Apr 28, 2025, estimated cost $9.0M, 200 units added, 3 stories, described as “Renovate existing two story and one story segment of existing structure and construct new 2nd and 3rd floor on existing, install new structural members and foundation at new 1st Floor Footprint as per submitted plans.”
- Alteration, filed Nov 2, 2023, estimated cost $45K, described as “Construct 8' High Construction Fence Within Existing Property Line with also (1) One 16' Sliding gate and (1) Man gate within the property line as per submitted plan.”
- Alteration, filed Oct 24, 2023, estimated cost $780K, described as “Perform additional removals of sections of 1st and 2nd floors and roof within the existing one and two story building during investigative Environmental probes being conducted that exposed existing building segments that are discovered to…”
Property taxes
- Assessment
- $591,300
- Market value (city estimate)
- $1,314,000
- Taxable value
- $0
- Assessed land
- $268,650
- Assessed improvements
- $322,650
Tax breaks
- Nonprofit exemption (nonprofit, use planned), with no end date, about $64,144 a year below the full tax.
Zoning
M1-4D: floor area ratio 0.61 built, 2.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Jun 6, 2025: $6,500,000
Open-market sales since 2016, from the Department of Finance’s sales files.