87-55 123rd Street, Queens
Parking · built 1950 · Block 9332, Lot 58.
Building permits
- New Building — Multi-Family, filed Apr 27, 2026, 10 units, 4 stories, described as “Proposed 4-story residential building with ten (10) dwelling units”
- Alteration, filed Oct 13, 2026, estimated cost $1K, described as “Filed herewith builders pavement plan frontage, 50.04' filed in conjunction with new building”
- Demolition, filed Jun 9, 2026, estimated cost $25K, described as “Full Demolition of existing 2 and half story frame building in the lot. Full demolition includes removal of foundation of the building.”
- Demolition, filed Jun 9, 2026, estimated cost $10K, described as “Full Demolition of existing 1 story frame garage.”
Property taxes
- Assessment
- $35,640
- 2026–27 tax
- $1,566
- Market value (city estimate)
- $594,000
- Taxable value
- $7,891
- Assessed land
- $17,880
- Assessed improvements
- $17,760
Zoning
R5: floor area ratio 0.00 built, 1.50 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.