# 86-87 Palermo Street, Queens

Single family · built c. 1935 · Block 10515, Lot 6.

On Umarelli: https://umarelli.org/nyc/4105150006/86-87-palermo-street

More construction in Holliswood: https://umarelli.org/nyc/queens/holliswood.md

## Building permits

- Major Renovation — Residential, filed Sep 17, 2025, estimated cost $1.3M, 1 unit in all, 2 stories, described as “Herewith file alteration co to do a horizontal and vertical extension to an existing two story one family dwelling including mechanical work type. Fo soe & st filed subsequently, interior reno. And to obtain a new certificate of occupancy”

## Property taxes

- Assessment: $82,020
- 2026–27 tax: $12,889
- Market value (city estimate): $1,367,000
- Taxable value: $64,957
- Assessed land: $20,100
- Assessed improvements: $61,920

## Zoning

R1-2: floor area ratio 0.55 built, 0.75 allowed by base zoning.

## Recent sales

- Jun 27, 2025: $1,600,000

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

## Flood zone

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

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