# 87-55 123rd Street, Queens

Parking · built 1950 · Block 9332, Lot 58.

On Umarelli: https://umarelli.org/nyc/4093320058/87-55-123-street

More construction in Richmond Hill: https://umarelli.org/nyc/queens/richmond-hill.md

## 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.

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