$450,000 Sold Jun 2026
$784,000 Assessed value
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| Building size | 850 sq ft |
|---|---|
| Building dimensions | 25 × 34 ft |
| Stories | 1 |
| Sq ft per floor | 850 sq ft |
| Year built | 1901 |
| Lot dimensions | 25 × 100 ft |
|---|---|
| Lot area | 2,500 sq ft |
| Units | 1 |
|---|---|
| Zoning | R5 |
| Building class | A9 |
| Block / lot | Block 677 / Lot 47 |
| Built FAR | 0.34 |
|---|---|
| Max residential FAR | 1.50 |
| Max facility FAR | 2.00 |
| Last recorded sale | $450,000 (Jun 2026) |
|---|---|
| Assessed value | $784,000 |
| Tax class | 1 |
| Annual property tax | $5,267 |
| Rent regulated | Unlikely |
32-24 42 Street was built in 1901 — roughly 125 years old. For property-tax purposes it falls under Class 1 (one- to three-family homes), the class with the highest nominal rate (19.8433%) but assessments capped at 6% of market value with strict yearly growth limits. At the current assessment that works out to about $5,267 per year ($439/month) before any abatements or exemptions the owner may receive. City records show it last changed hands for $450,000 in Jun 2026.
The building uses about 17% of the density its zoning allows (0.34 built FAR vs. a maximum of 2.00) — roughly 4,150 sq ft of unused development rights, which can matter for renovations, expansions, or air-rights value.
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.