$336,000 Sold Jun 2026
$18,687,000 Assessed value
Calculate mortgage for this property →
| Building size | 200,466 sq ft |
|---|---|
| Building dimensions | 320 × 100 ft |
| Stories | 6 |
| Sq ft per floor | 33,411 sq ft |
| Year built | 1950 |
| Lot dimensions | 481.75 × 264.33 ft |
|---|---|
| Lot area | 162,400 sq ft |
| Units | 216 |
|---|---|
| Zoning | R5 |
| Building class | D4 |
| Block / lot | Block 5016 / Lot 7 |
| Built FAR | 1.23 |
|---|---|
| Max residential FAR | 1.50 |
| Max facility FAR | 2.00 |
| Last recorded sale | $336,000 (Jun 2026) |
|---|---|
| Assessed value | $18,687,000 |
| Tax class | 2 |
| Annual property tax | $976,896 |
| Exemptions / abatements | HUNTER GARDENS OWNERS CORP |
| Rent regulated | Co-op |
147-35 38 Avenue was built in 1950 — roughly 76 years old. For property-tax purposes it falls under Class 2 (residential buildings with four or more units, condos and co-ops), taxed at 12.439% of a taxable value based on 45% of the city’s income-derived market value. At the current assessment that works out to about $976,896 per year ($81,408/month) before any abatements or exemptions the owner may receive. City records show it last changed hands for $336,000 in Jun 2026.
The building uses about 62% of the density its zoning allows (1.23 built FAR vs. a maximum of 2.00) — roughly 125,048 sq ft of unused development rights, which can matter for renovations, expansions, or air-rights value. This lot is associated with a co-op; individual apartments are owned as shares and taxed through the building.
All recent NYC sales · Queens property taxes
Data: NYC Department of Finance and Dept. of City Planning (PLUTO) via NYC Open Data. Figures are public records, may lag current bills, and can exclude abatements. Not financial advice.