28-02 Jackson Avenue
Analysis
The building shows strong valuation and clean financial penalties, but the residential over‑building and open violations create moderate risk for buyers or lenders.
The good
- market value on record ($184,005,000) is more than double the assessed value ($82,802,250)
- no enforcement or safety violation penalties are owed
- no legal proceedings and not on tax lien sale list
- recent arm's‑length sale in 2014 at $73,500,000 provides a price reference
The bad
- built beyond its residential floor‑area limit (residential FAR 23.98 exceeds the 10 limit)
- over‑built for residential use, limiting any future expansion of apartments
- three open violations remain on the property
- high built FAR relative to limits may affect financing and insurance
Written by a language model from this property's own figures — the same numbers shown on this page. It introduces no facts of its own: every figure it cites is checked against the data before the text is shown. It is a reading of the numbers, not a professional opinion, and it can be wrong about emphasis even when it is right about arithmetic. See our methodology.
What the numbers say
Generated from this property's own figures using the rules set out in our methodology. Every statement below refers to a number shown on this page.
Already larger than residential zoning would allow
The building occupies a floor-area ratio of 23.98, against a residential limit of 10.00 — it is over that limit by 13.98. A building in this position almost always predates the current rules and is legally non-conforming: it may generally remain, but it typically cannot be enlarged for residential use, and it may not be rebuildable as it stands.
A light open-violation load
Only 3 violations are currently open across 671 residential units, with $0.00 outstanding. For a building of this age that is a modest figure.
Last recorded sale
Recorded at $73,500,000 on 26 Jun 2014 — $109,538 per residential unit, $142 per built square foot, 0.89× the assessed value.
Assessed value trend
Assessed value has risen 25.6% across the 5 assessment years on record (2023 to 2027), standing at $82,802,250. Because tax is levied on the assessed figure rather than on market value, a sustained move here tends to show up in the bill.
Development & zoning
Floor-area ratio
| Built | 23.98 |
|---|---|
| Residential limit | 10.00 |
| Commercial limit | 10.00 |
| Community-facility limit | 10.00 |
Development headroom (calculated) calculated
| Highest permitted ratio | 10.00 |
|---|---|
| Unused ratio | -13.98 |
| Unused buildable area | — |
| Lot area | 21,647 sq ft |
Value & taxes
Assessment
| Assessed total | $82,802,250 |
|---|---|
| Assessed land | $2,191,950 |
| Assessed building | $80,610,300 |
| Market value on record | $184,005,000 |
| Assessed as % of market | 45.0% |
Tax
| Tax class | 2 |
|---|---|
| Taxable assessed | $71,645,310 |
| Tax rate | 12.502% |
| Estimated annual levy | $8,957,096.66 |
| Tax exemption (assessed value) | 421-a — $74,362,176 (through 2035) |
The levy is an estimate — taxable value × the published rate for the class. It does not account for exemptions or abatements the property may carry, and will not match an actual bill. It is not the property's total debt to the city: unpaid tax and water arrears are not shown anywhere on this page.
Assessed value by year
| Year | Assessed value | Change |
|---|---|---|
| 2027 | $82,802,250 | — |
| 2026 | $76,622,400 | +8.1% |
| 2025 | $66,979,350 | +14.4% |
| 2024 | $65,921,400 | +1.6% |
| 2023 | $65,901,150 | +0.0% |
Building & occupancy
Structure
| Year built | 2015 |
|---|---|
| Floors | 45 |
| Building area | 519,182 sq ft |
| Residential area | 515,849 sq ft |
| Commercial area | — |
Occupancy
| Total units | 673 |
|---|---|
| Residential units | 671 |
| Rent-stabilized | 671 |
| Storefronts | 2 |
| Residential Avg unit size | 769 sq ft (calculated) |
| Building class | D6 |
Neighborhood, risk & energy
Neighborhood & transit
| Nearest subway | Queens Plaza (E, F, R) — 0.09 mi |
|---|---|
| School district | 30 |
| Police precinct | 108 |
| Nearest firehouse | Ladder 116 — 37-20 29th Street |
Location risk
| Flood zone | Minimal hazard (Zone X) |
|---|---|
| Hurricane evacuation zone | Zone 3 |
| Environmental restriction | Hazardous materials, air quality, noise |
| Cleanup site | Environmental cleanup site (completed) |
| City emergency repairs | 1 orders — $1,400 billed (through 2026) |
| Evictions on record | 2 (most recent 2026) |
Energy & emissions
| Energy use intensity | 52.2 kBtu/ft² |
|---|---|
| Greenhouse-gas emissions | 2,679 metric tons/yr |
Record activity
Compliance calculated
| Open violations | 3 |
|---|---|
| Open per residential unit | 0.0 (calculated) |
| Enforcement penalties | $0.00 |
| Safety-violation penalties | Not available |
| Total penalties owed | $0.00 (calculated) |
| On tax-lien sale list | No |
Activity
| Complaints recorded | 1,173 |
|---|---|
| Permits / alterations | 62 |
| Recorded documents | 49 |
| Legal proceedings | 0 |
Total penalties owed combines two separate debts — enforcement penalties (from summonses) and safety-violation penalties (unfiled inspections and reports on boilers, elevators, facades and energy use). The second kind accrues quietly and is routinely missed; it is a standing debt on the building, not a fine someone can walk away from. The safety figure could not be retrieved for this property, so no total is shown — we would rather show nothing than a total that silently omits it. Neither figure includes unpaid property tax or water and sewer arrears, which are frequently the largest number of all and appear nowhere on this page. For a true payoff figure, go to the city directly.
Ownership & last recorded sale
Owner of record
| Owner | Lic Development Owner, L.p. |
|---|---|
| Parcel | 4002640001 |
| Block | 264 |
| Lot | 1 |
| Mortgage on record | $360,000,000 (2019) — Bank Of America, N.a. — note assigned |
| Fixture liens | 6 active fixture liens |
Last recorded transfer
| Date | 26 Jun 2014 |
|---|---|
| Recorded price | $73,500,000 |
| Price per unit | $109,538 |
| Price vs assessed | 0.89× |
Owner of record comes from the public land-use record and may lag a recent sale. It is frequently a holding company rather than an individual. If you own or manage this property and believe something here is wrong, tell us — we read and respond to every message of that kind.
Open violations
Open violations only. A violation that was raised and later corrected is not counted — an older building accumulates hundreds of those, and the number says more about its age than its condition.
| Issued | Category | Class | Status | Amount due | Description |
|---|---|---|---|---|---|
| 25 Apr 2011 | Building | — | V-Building VIOLATION - ACTIVE | — | E-ELEVATOR ELEVATORREQUIRED |
| 25 Apr 2011 | Building | — | V-Building VIOLATION - ACTIVE | — | E-ELEVATOR ELEVATORREQUIRED |
| 13 Jan 1997 | Building | — | V-Building VIOLATION - ACTIVE | — | a local law-a local law/81 - ELEVATOR ELEVATOROPTIONAL |
Complaints
A complaint is an allegation, not a finding — many are dismissed. A sustained pattern is nevertheless informative about how a building is run.
| Date | Problem | Type | Status | Closed |
|---|---|---|---|---|
| 22 Aug 2026 | Blocked Sidewalk | Illegal Parking | Closed | 23 Aug 2026 |
| 22 Aug 2026 | Blocked Sidewalk | Illegal Parking | Closed | 23 Aug 2026 |
| 18 Aug 2026 | Parking Permit Improper Use | Illegal Parking | Closed | 18 Aug 2026 |
| 17 Aug 2026 | Blocked Sidewalk | Illegal Parking | Closed | 17 Aug 2026 |
| 17 Aug 2026 | Blocked Sidewalk | Illegal Parking | Closed | 17 Aug 2026 |
| 5 Aug 2026 | Blocked Sidewalk | Illegal Parking | Closed | 6 Aug 2026 |
| 5 Aug 2026 | Blocked Sidewalk | Illegal Parking | Closed | 6 Aug 2026 |
| 5 Aug 2026 | Blocked Sidewalk | Illegal Parking | Closed | 6 Aug 2026 |
| 5 Aug 2026 | Blocked Sidewalk | Illegal Parking | Closed | 6 Aug 2026 |
| 5 Aug 2026 | Blocked Sidewalk | Illegal Parking | Closed | 6 Aug 2026 |
| 5 Aug 2026 | Blocked Sidewalk | Illegal Parking | Closed | 5 Aug 2026 |
| 4 Aug 2026 | Posted Parking Sign Violation | Illegal Parking | Closed | 5 Aug 2026 |
| 1 Aug 2026 | Blocked Sidewalk | Illegal Parking | Closed | 2 Aug 2026 |
| 1 Aug 2026 | Blocked Sidewalk | Illegal Parking | Closed | 2 Aug 2026 |
| 1 Aug 2026 | Blocked Sidewalk | Illegal Parking | Closed | 2 Aug 2026 |
| 30 Jul 2026 | Food Vendor | Vendor Enforcement | Closed | 30 Jul 2026 |
| 28 Jul 2026 | Stop | Street Sign - Missing | Closed | 29 Jul 2026 |
| 26 Jul 2026 | Posted Parking Sign Violation | Illegal Parking | Closed | 27 Jul 2026 |
| 26 Jul 2026 | Posted Parking Sign Violation | Illegal Parking | Closed | 26 Jul 2026 |
| 25 Jul 2026 | Partial Access | Blocked Driveway | Closed | 25 Jul 2026 |
| 25 Jul 2026 | Construction | Noise | Closed | 30 Jul 2026 |
| 23 Jul 2026 | Posted Parking Sign Violation | Illegal Parking | Closed | 23 Jul 2026 |
| 14 Jul 2026 | Double Parked Blocking Vehicle | Illegal Parking | Closed | 14 Jul 2026 |
| 11 Jul 2026 | Blocked Sidewalk | Illegal Parking | Closed | 11 Jul 2026 |
| 11 Jul 2026 | Blocked Sidewalk | Illegal Parking | Closed | 11 Jul 2026 |
| 11 Jul 2026 | Blocked Sidewalk | Illegal Parking | Closed | 11 Jul 2026 |
| 11 Jul 2026 | Blocked Sidewalk | Illegal Parking | Closed | 11 Jul 2026 |
| 9 Jul 2026 | Blocked Sidewalk | Illegal Parking | Closed | 9 Jul 2026 |
| 8 Jul 2026 | Blocked Sidewalk | Illegal Parking | Closed | 9 Jul 2026 |
| 6 Jul 2026 | Posted Parking Sign Violation | Illegal Parking | Closed | 6 Jul 2026 |
| 4 Jul 2026 | Dog Waste | Dirty Condition | Closed | 6 Jul 2026 |
| 1 Jul 2026 | Posted Parking Sign Violation | Illegal Parking | Closed | 1 Jul 2026 |
| 30 Jun 2026 | Posted Parking Sign Violation | Illegal Parking | Closed | 30 Jun 2026 |
| 25 Jun 2026 | Blocked Sidewalk | Illegal Parking | Closed | 26 Jun 2026 |
| 24 Jun 2026 | Posted Parking Sign Violation | Illegal Parking | Closed | 24 Jun 2026 |
| 24 Jun 2026 | Posted Parking Sign Violation | Illegal Parking | Closed | 24 Jun 2026 |
| 24 Jun 2026 | Posted Parking Sign Violation | Illegal Parking | Closed | 24 Jun 2026 |
| 22 Jun 2026 | Blocked Sidewalk | Illegal Parking | Closed | 22 Jun 2026 |
| 22 Jun 2026 | Blocked Sidewalk | Illegal Parking | Closed | 22 Jun 2026 |
| 22 Jun 2026 | Blocked Sidewalk | Illegal Parking | Closed | 22 Jun 2026 |
| 18 Jun 2026 | Posted Parking Sign Violation | Illegal Parking | Closed | 18 Jun 2026 |
| 17 Jun 2026 | Posted Parking Sign Violation | Illegal Parking | Closed | 17 Jun 2026 |
| 16 Jun 2026 | Posted Parking Sign Violation | Illegal Parking | Closed | 16 Jun 2026 |
| 15 Jun 2026 | With License Plate | Abandoned Vehicle | Closed | 15 Jun 2026 |
| 15 Jun 2026 | Blocked Sidewalk | Illegal Parking | Closed | 15 Jun 2026 |
| 15 Jun 2026 | Blocked Sidewalk | Illegal Parking | Closed | 15 Jun 2026 |
| 15 Jun 2026 | Blocked Sidewalk | Illegal Parking | Closed | 15 Jun 2026 |
| 15 Jun 2026 | Blocked Sidewalk | Illegal Parking | Closed | 15 Jun 2026 |
| 10 Jun 2026 | Posted Parking Sign Violation | Illegal Parking | Closed | 10 Jun 2026 |
| 10 Jun 2026 | Posted Parking Sign Violation | Illegal Parking | Closed | 10 Jun 2026 |
Showing the 50 most recent of 150. The full set is available in the interactive report.
Permits & alterations
The absence of a permit does not prove no work was done — it may equally mean work was done without one.
| Issued | Type | Status | Work |
|---|---|---|---|
| 21 Mar 2025 | Mechanical Systems | Permit Issued | Modification/additions to existing HVAC system and related ductwork and piping in existing office space. No change in use, egress or occupancy under this application |
| 21 Mar 2025 | General Construction | Permit Issued | Installation of non-load bearing partitions, doors/frames, ceiling, flooring and related finishes to existing office space. No change in use, egress or occupancy under this application |
| 7 Mar 2022 | General Construction | Signed-off | REMOVAL OF EXISTING EXTERIOR PANELS AND REPLACEMENT WITH NEW PANELS ON 45TH FLOOR, PT1 (46TH FLOOR) & PT2 (47TH FLOOR) EXTERIOR AS PER PLANS FILED HEREWITH. NO CHANGE IN USE, EGRESS OR OCCUPANCY UNDER THIS APPLICATION |
| 27 Sep 2021 | Sidewalk Shed | Signed-off | INSTALLATION OF HEAVY DUTY SIDEWALK SHED DURING BLDG ALTERATION, FILED SEP. SIDEWALK SHED SHALL COMPLY WITH CH #33 OF THE NYC BC. NO CHANGE IN USE, OCCUPANCY OR EGRESS UNDER THIS APPLICATION |
| 15 Jul 2021 | Supported Scaffold | Signed-off | INSTALLATION OF SYSTEM SCAFFOLD AS PER DRAWINGS. SCAFFOLD SHALL COMPLY WITH CH #33 OF THE NYC BC. NO CHANGE IN USE, OCCUPANCY OR EGRESS UNDER THIS APPLICATION |
| 21 Aug 2019 | A3 | ISSUED | — |
| 12 Aug 2019 | A2 | ISSUED | — |
| 4 Jun 2019 | Sign | Permit Issued | ILLUMINATED NON ADVERTISING ACCESSORY DOUBLE FACED PROJECTING ACCESSORY SIGN - PARK. NO CHANGE TO USE, EGRESS OR OCCUPANCY |
| 6 Aug 2018 | A3 | ISSUED | — |
| 1 Aug 2018 | A2 | ISSUED | — |
| 12 Apr 2018 | A2 | ISSUED | — |
| 24 Jan 2018 | A3 | ISSUED | — |
| 15 Dec 2017 | A3 | ISSUED | — |
| 1 Dec 2017 | A2 | ISSUED | — |
| 1 Dec 2017 | A2 | ISSUED | — |
| 10 Oct 2017 | A2 | ISSUED | — |
| 15 Sep 2017 | A2 | ISSUED | — |
| 31 Aug 2017 | A2 | ISSUED | — |
| 10 Aug 2017 | A3 | ISSUED | — |
| 7 Jun 2017 | A3 | ISSUED | — |
| 8 Mar 2017 | A2 | ISSUED | — |
| 7 Mar 2017 | A2 | ISSUED | — |
| 14 Dec 2016 | A3 | ISSUED | — |
| 4 Nov 2016 | A2 | ISSUED | — |
| 7 Oct 2016 | A3 | ISSUED | — |
| 1 Jul 2016 | A2 | ISSUED | — |
| 27 May 2016 | A2 | ISSUED | — |
| 14 Apr 2016 | A2 | ISSUED | — |
| 3 Feb 2016 | A3 | ISSUED | — |
| 20 Jan 2016 | A3 | ISSUED | — |
| 19 Jan 2016 | A3 | ISSUED | — |
| 16 Dec 2015 | NB | ISSUED | — |
| 27 Apr 2015 | A2 | ISSUED | — |
| 3 Apr 2015 | A2 | ISSUED | — |
| 17 Mar 2015 | A3 | ISSUED | — |
| 26 Jan 2015 | A2 | ISSUED | — |
| 27 Oct 2014 | DM | ISSUED | — |
| 9 Oct 2014 | A3 | ISSUED | — |
| 3 Oct 2014 | A3 | ISSUED | — |
| 30 Sep 2014 | A3 | ISSUED | — |
| 22 Aug 2014 | A3 | ISSUED | — |
| 6 Aug 2014 | A3 | ISSUED | — |
| 12 Mar 2013 | A3 | ISSUED | — |
| 12 Mar 2013 | A3 | ISSUED | — |
| 29 Aug 2012 | A3 | ISSUED | — |
| 29 Aug 2012 | A3 | ISSUED | — |
| 29 Aug 2012 | A3 | ISSUED | — |
| 29 Aug 2012 | A3 | ISSUED | — |
| 11 Mar 2010 | A3 | ISSUED | — |
| 4 Mar 2010 | A3 | ISSUED | — |
Showing the 50 most recent of 62. The full set is available in the interactive report.
Recorded documents
Deeds, mortgages and related instruments recorded against the lot. A recorded amount is not necessarily a market price.
| Recorded | Type | Amount | From | To |
|---|---|---|---|---|
| 12 Mar 2020 | EASE | — | — | — |
| 7 Jan 2020 | AALR | — | — | — |
| 7 Jan 2020 | Assignment | — | — | — |
| 7 Oct 2019 | Assignment | — | — | — |
| 7 Oct 2019 | Assignment | — | — | — |
| 30 Sep 2019 | Assignment | — | — | — |
| 30 Sep 2019 | Assignment | — | — | — |
| 30 Sep 2019 | Agreement | $1,000,000,000 | — | — |
| 30 Sep 2019 | AL&R | $1,000,000,000 | — | — |
| 30 Sep 2019 | Mortgage | $360,000,000 | — | — |
| 20 Dec 2016 | SAGE | — | — | — |
| 16 Nov 2016 | EASE | — | — | — |
| 23 Sep 2016 | SAGE | — | — | — |
| 23 Sep 2016 | SAGE | — | — | — |
| 28 Jun 2016 | EASE | — | — | — |
| 31 May 2016 | EASE | — | — | — |
| 14 Dec 2015 | Mortgage | $112,089,106 | — | — |
| 14 Dec 2015 | Mortgage | $527,910,894 | — | — |
| 11 Sep 2015 | DEVR | $6,507,040 | — | — |
| 11 Sep 2015 | SAGE | — | — | — |
| 11 Sep 2015 | CERT | — | — | — |
| 17 Jul 2015 | EASE | — | — | — |
| 6 Mar 2015 | Transfer tax return | $3,802,500 | — | — |
| 13 Jan 2015 | CERT | — | — | — |
| 13 Jan 2015 | SAGE | — | — | — |
| 13 Jan 2015 | ZONE | — | — | — |
| 26 Dec 2014 | Transfer tax return | $24,000,000 | — | — |
| 26 Jun 2014 | TERL | — | — | — |
| 26 Jun 2014 | Satisfaction of mortgage | — | — | — |
| 26 Jun 2014 | Deed | $73,500,000 | — | — |
| 18 Mar 2014 | Transfer tax return | $2,323,750 | — | — |
| 14 Mar 2014 | Transfer tax return | $2,323,750 | — | — |
| 24 Nov 2010 | Mortgage | $1,000,000 | — | — |
| 24 Nov 2010 | Agreement | $4,500,000 | — | — |
| 28 Feb 2008 | Agreement | $3,500,000 | — | — |
| 28 Feb 2008 | Mortgage | $500,000 | — | — |
| 20 Mar 2007 | Mortgage | $500,000 | — | — |
| 8 Feb 2006 | Mortgage | $500,000 | — | — |
| 9 Mar 2005 | Mortgage | $750,000 | — | — |
| 25 Aug 2004 | MCON | — | — | — |
| 25 Aug 2004 | Mortgage | $1,250,000 | — | — |
| 21 Mar 2002 | MAPS | — | — | — |
| 18 Jan 1990 | Deed | — | — | — |
| 18 Jan 1990 | Deed | — | — | — |
| 24 Jul 1989 | SAGE | — | — | — |
| 24 Mar 1988 | SAGE | — | — | — |
| 21 Nov 1978 | LEAS | — | — | — |
| 21 Nov 1978 | Deed | — | — | — |
| 13 Dec 1968 | CTOR | — | — | — |
About this page
Compiled from New York City public records — data retrieved 34 days ago. Coverage on this parcel: 15 of 15 record groups populated. The derived figures — unused floor-area ratio, buildable area, the assessed-value trend and the per-unit ratios — are calculated by us and appear in no public dataset; the formulas are in the methodology.
This is a research tool, not advice. It is not a title search, a lien search, a survey or an inspection, and it does not replace any of them. If a figure here matters to a decision, verify it at the source. See Terms.