503 Beach 72nd Street, Queens
Auto repair · built 1975 · Block 16066, Lot 33.
Building permits
- New Building — Multi-Family, filed Jan 2, 2026, 47 units, 5 stories, early work permitted while the building plans are in review, described as “Proposing new 5 story 47 unit residential building.”
Property taxes
- Assessment
- $165,600
- 2026–27 tax
- $16,510
- Market value (city estimate)
- $368,000
- Taxable value
- $152,190
- Assessed land
- $49,050
- Assessed improvements
- $116,550
Zoning
R4A: floor area ratio 0.19 built, 1.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 8 ft (NGVD29). FEMA’s preliminary map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 10 ft (NAVD88).
Board and land use applications
- 501 Beach 72nd Street - Waterfront Certification (City Planning 2026Q0399): Certification, Completed, decided Oct 7, 2026. A ZC certification, pursuant to Zoning Resolution (ZR) Section 62-811(a), to facilitate a new five-story, approximately 25,800-square-foot residential development with 47 dwelling units is being sought by Beach Development 30th LLC at 501…
- ALMEDA AVE II (City Planning P2012Q0076): City map change, Filed. ESTABLISH HILLMEYER AVE & OTHER ACTIONS TO INSTALL STORM;SEWERS THROUGHOUT THE SOMMERVILLE NEIGHBORHOOD