72-01 Queens Boulevard
Analysis
The building is modern and financially clean, but the over‑built status restricts future development and the lack of a comparable sale makes valuation uncertain.
The good
- New construction (2022) with modern standards
- Only one open violation and zero per‑unit violations
- No enforcement or safety violation penalties owed
- Market value ($67.13 M) far exceeds assessed value ($30.21 M)
The bad
- Built beyond the residential floor‑area limit (over‑built), limiting future expansion
- No arm‑length sale recorded (last sale price $0), reducing price transparency
- Medium risk rating driven by the over‑built condition
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 6.16, against a residential limit of 5.00 — it is over that limit by 1.16. 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 1 violation is currently open across 371 residential units, with $0.00 outstanding. For a building of this age that is a modest figure.
No arm's-length sale on record
The last recorded transfer is dated 9 Jul 2021 at a recorded price of $0. Transfers between related parties, estate settlements and corrective filings are legitimately recorded at nominal amounts, so this is neither an error nor a bargain — it means there is no usable sale price here, and every ratio derived from one (price per unit, price against assessed value) is therefore withheld rather than shown as zero.
Assessed value trend
Assessed value has risen 1,552.2% across the 5 assessment years on record (2023 to 2027), standing at $30,208,500. 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 | 6.16 |
|---|---|
| Residential limit | 5.00 |
| Commercial limit | 0.00 |
| Community-facility limit | 5.00 |
Development headroom (calculated) calculated
| Highest permitted ratio | 5.00 |
|---|---|
| Unused ratio | -1.16 |
| Unused buildable area | — |
| Lot area | 58,036 sq ft |
Value & taxes
Assessment
| Assessed total | $30,208,500 |
|---|---|
| Assessed land | $1,828,350 |
| Assessed building | $28,380,150 |
| Market value on record | $67,130,000 |
| Assessed as % of market | 45.0% |
Tax
| Tax class | 2 |
|---|---|
| Taxable assessed | $30,208,500 |
| Tax rate | 12.502% |
| Estimated annual levy | $3,776,666.67 |
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 | $30,208,500 | — |
| 2026 | $21,968,550 | +37.5% |
| 2025 | $8,241,750 | +166.6% |
| 2024 | $1,828,350 | +350.8% |
| 2023 | $1,828,350 | 0.0% |
Building & occupancy
Structure
| Year built | 2022 |
|---|---|
| Floors | 12 |
| Building area | 357,598 sq ft |
| Residential area | 299,157 sq ft |
| Commercial area | 58,441 sq ft |
Occupancy
| Total units | 375 |
|---|---|
| Residential units | 371 |
| Rent-stabilized | 219 |
| Free Market / Other | 152 |
| Storefronts | 2 |
| Residential Avg unit size | 806 sq ft (calculated) |
| Commercial Avg unit size | 14,610 sq ft (calculated) |
| Building class | D6 |
Neighborhood, risk & energy
Neighborhood & transit
| Nearest subway | Jackson Hts-Roosevelt Av (E, F, M, R) — 0.46 mi |
|---|---|
| School district | 24 |
| Police precinct | 108 |
| Nearest firehouse | Engine 292/Rescue 4 — 64-18 Queens Blvd. |
Location risk
| Flood zone | Minimal hazard (Zone X) |
|---|---|
| Hurricane evacuation zone | Not in an evacuation zone |
| Environmental restriction | Hazardous materials, air quality, noise |
| Cleanup site | Voluntary cleanup site (completed) |
Energy & emissions
| Energy use intensity | 17.2 kBtu/ft² |
|---|---|
| Greenhouse-gas emissions | 475 metric tons/yr |
Comparable sales
| Address | Sale date | Price | Sq ft | $/sq ft |
|---|---|---|---|---|
| 70-65 Queens Boulevard, 8m | 2026-06-18 | $720,921 | — | — |
| 70-65 Queens Boulevard, P48 | 2026-06-12 | $712,775 | — | — |
| 70-65 Queens Boulevard, 9c | 2026-06-12 | $712,775 | — | — |
| 70-40 45th Avenue, 5g | 2026-06-02 | $600,443 | — | — |
| 70-40 45th Avenue, 8h | 2026-05-27 | $620,000 | — | — |
| 70-40 45th Avenue, 6b | 2026-05-21 | $507,000 | — | — |
| 70-40 45th Avenue, P15 | 2026-05-06 | $637,100 | — | — |
| 70-40 45th Avenue, 7g | 2026-05-06 | $637,100 | — | — |
Record activity
Compliance calculated
| Open violations | 1 |
|---|---|
| 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 | 209 |
|---|---|
| Permits / alterations | 30 |
| Recorded documents | 60 |
| 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 | Qb Properties LLC |
|---|---|
| Parcel | 4013520125 |
| Block | 1352 |
| Lot | 125 |
| Mortgage on record | $47,741,822 (2024) — Athene Annuity And Life Company |
| Fixture liens | 2 active fixture liens |
Last recorded transfer
| Date | 9 Jul 2021 |
|---|---|
| Recorded price | $0 |
| Price per unit | Not meaningful |
| Price vs assessed | Not meaningful |
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 |
|---|---|---|---|---|---|
| 19 Aug 2026 | Housing | B | NOV SENT OUT | — | 27-2037, 2038 HMC: PROVIDE A SAFE AND ADEQUATE SUPPLY OF ELECTRIC SERVICE TO THE FIXTURES AT CEILING FIXTURES IN THE 1st ROOM FROM NORTH LOCATED AT APT 319, 3rd STORY, 9th APARTMENT FROM SOUTH AT WEST |
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 |
|---|---|---|---|---|
| 6 Sep 2026 | Blocked Sidewalk | Illegal Parking | Closed | 7 Sep 2026 |
| 3 Sep 2026 | Neglected | Animal-Abuse | Closed | 3 Sep 2026 |
| 31 Aug 2026 | Commercial Overnight Parking | Illegal Parking | Closed | 31 Aug 2026 |
| 29 Aug 2026 | Blocked Hydrant | Illegal Parking | Closed | 29 Aug 2026 |
| 21 Aug 2026 | Loud Music/Party | Noise - Residential | Closed | 22 Aug 2026 |
| 17 Aug 2026 | Loud Talking | Noise - Residential | Closed | 17 Aug 2026 |
| 14 Aug 2026 | MOLD | UNSANITARY CONDITION | Closed | 21 Aug 2026 |
| 11 Aug 2026 | Blocked Sidewalk | Illegal Parking | Closed | 12 Aug 2026 |
| 9 Aug 2026 | Loud Music/Party | Noise - Residential | Closed | 9 Aug 2026 |
| 5 Aug 2026 | Blocked Sidewalk | Illegal Parking | Closed | 5 Aug 2026 |
| 1 Aug 2026 | With License Plate | Abandoned Vehicle | Closed | 1 Aug 2026 |
| 19 Jul 2026 | Blocked Hydrant | Illegal Parking | Closed | 19 Jul 2026 |
| 16 Jul 2026 | Blocked Hydrant | Illegal Parking | Closed | 16 Jul 2026 |
| 16 Jul 2026 | Blocked Sidewalk | Illegal Parking | Closed | 16 Jul 2026 |
| 13 Jul 2026 | POWER OUTAGE | ELECTRIC | Closed | 19 Aug 2026 |
| 9 Jul 2026 | Blocked Sidewalk | Illegal Parking | Closed | 9 Jul 2026 |
| 27 Jun 2026 | Bird | Dead Animal | Closed | 1 Jul 2026 |
| 24 Jun 2026 | Blocked Sidewalk | Illegal Parking | Closed | 25 Jun 2026 |
| 24 Jun 2026 | Dog | Unsanitary Animal Pvt Property | Closed | 3 Jul 2026 |
| 21 Jun 2026 | Blocked Sidewalk | Illegal Parking | Closed | 21 Jun 2026 |
| 20 Jun 2026 | Vent/Exhaust - Illegal/Improper | General Construction/Plumbing | Assigned | 21 Aug 2026 |
| 20 Jun 2026 | VENTILATION SYSTEM | GENERAL | Closed | 31 Aug 2026 |
| 20 Jun 2026 | Loud Talking | Noise - Residential | Closed | 20 Jun 2026 |
| 19 Jun 2026 | Non-Chronic | Homeless Person Assistance | Closed | 20 Jun 2026 |
| 19 Jun 2026 | N/A | Encampment | Closed | 19 Jun 2026 |
| 15 Jun 2026 | Noise, Barking Dog (NR5 | Noise | Closed | 24 Jun 2026 |
| 29 May 2026 | Loud Music/Party | Noise - Residential | Closed | 30 May 2026 |
| 20 May 2026 | Blocked Hydrant | Illegal Parking | Closed | 20 May 2026 |
| 17 May 2026 | Blocked Hydrant | Illegal Parking | Closed | 17 May 2026 |
| 13 May 2026 | Elevator - Multiple Devices On Property | Elevator | Closed | 15 May 2026 |
| 9 May 2026 | Elevator - Multiple Devices On Property | Elevator | Closed | 12 May 2026 |
| 6 May 2026 | Double Parked Blocking Vehicle | Illegal Parking | Closed | 6 May 2026 |
| 5 May 2026 | With License Plate | Abandoned Vehicle | Closed | 5 May 2026 |
| 28 Apr 2026 | Noise, Barking Dog (NR5 | Noise | Closed | 1 May 2026 |
| 28 Apr 2026 | Noise, Barking Dog (NR5 | Noise | Closed | 1 May 2026 |
| 28 Apr 2026 | Blocked Hydrant | Illegal Parking | Closed | 28 Apr 2026 |
| 20 Apr 2026 | Neglected | Animal-Abuse | Closed | 20 Apr 2026 |
| 20 Apr 2026 | Noise, Barking Dog (NR5 | Noise | Closed | 22 Apr 2026 |
| 15 Apr 2026 | Blocked Sidewalk | Illegal Parking | Closed | 15 Apr 2026 |
| 12 Apr 2026 | Banging/Pounding | Noise - Residential | Closed | 13 Apr 2026 |
| 7 Apr 2026 | Elevator - Multiple Devices On Property | Elevator | Open | 7 Apr 2026 |
| 19 Mar 2026 | Blocked Hydrant | Illegal Parking | Closed | 20 Mar 2026 |
| 5 Mar 2026 | Blocked Hydrant | Illegal Parking | Closed | 5 Mar 2026 |
| 3 Mar 2026 | Blocked Sidewalk | Illegal Parking | Closed | 3 Mar 2026 |
| 16 Feb 2026 | Derelict Vehicles | Derelict Vehicles | Closed | 18 Feb 2026 |
| 7 Feb 2026 | With License Plate | Abandoned Vehicle | Closed | 7 Feb 2026 |
| 7 Feb 2026 | Blocked Hydrant | Illegal Parking | Closed | 7 Feb 2026 |
| 1 Feb 2026 | Waste Left in Front of Other Residence | Residential Disposal Complaint | Closed | 9 Feb 2026 |
| 30 Jan 2026 | Blocked Hydrant | Illegal Parking | Closed | 30 Jan 2026 |
| 23 Jan 2026 | Trespassing | Non-Emergency Police Matter | Closed | 23 Jan 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 |
|---|---|---|---|
| 18 Jun 2026 | Mechanical Systems | Permit Issued | MECHANICAL WORK FOR EXISTING COMMERCIAL SPACE, RETAIL C . INSTALL NEW EXHAUST HOOD, FANS, MAKE UP AIR FANS AND HVACSYTEM WITH ASSOCIATED DUCT WORK |
| 22 Dec 2025 | General Construction | Permit Issued | INTERIOR RENOVATIONS IN EXISTING COMMERCIAL SPACE, RETAIL C . INSTALL NEW BATHROOMS, KITCHENS, BARS AND FINISHES AS PER PLANS. APPROVED NB APPLICATION UNDER BIS NUMBER 420666283 |
| 11 Jun 2024 | Standpipe | Signed-off | Installation of new sprinkler/standpipe systems as shown on plans in conjunction with NB job # 420666283 |
| 28 May 2024 | Plumbing | Signed-off | Plumbing work as shown on plans in conjunction with NB job # 420666283. Work to include installation of plumbing fixtures and related piping for the entire building |
| 29 Apr 2024 | General Construction | Signed-off | Filing for temporary sales office and model apartments to comply with BB 2010-002 |
| 21 Mar 2024 | Construction Fence | Signed-off | 8' Construction fence |
| 13 Mar 2024 | Mechanical Systems | Signed-off | Mechanical work as shown in plans in conjunction with NB filing job # 420666283 (filed to add additional equipment to the scope of work |
| 13 Mar 2024 | Mechanical Systems | Signed-off | Mechanical work as shown in plans in conjunction with NB filing job # 420666283 (filed to add additional equipment to the scope of work |
| 13 Mar 2024 | Mechanical Systems | Signed-off | Mechanical work as shown in plans in conjunction with NB filing job # 420666283 (filed to add additional equipment to the scope of work |
| 13 Mar 2024 | Mechanical Systems | Signed-off | Mechanical work as shown in plans in conjunction with NB filing job # 420666283 (filed to add additional equipment to the scope of work |
| 13 Mar 2024 | Mechanical Systems | Signed-off | Mechanical work as shown in plans in conjunction with NB filing job # 420666283 (filed to add additional equipment to the scope of work |
| 13 Mar 2024 | Mechanical Systems | Signed-off | Mechanical work as shown in plans in conjunction with NB filing job # 420666283 (filed to add additional equipment to the scope of work |
| 13 Mar 2024 | Mechanical Systems | Signed-off | Mechanical work as shown in plans in conjunction with NB filing job # 420666283 (filed to add additional equipment to the scope of work |
| 27 Feb 2024 | Curb Cut | Permit Issued | Curb cut filed in conjunction with New Building application #420666283 |
| 27 Nov 2023 | Protection and Mechanical Methods | Signed-off | Installation of temporary netting per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application |
| 10 Oct 2023 | Protection and Mechanical Methods | Signed-off | Installation of temporary overhead protection per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application |
| 5 Oct 2023 | Protection and Mechanical Methods | Signed-off | Installation of temporary roof protection per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application |
| 6 Jul 2023 | Protection and Mechanical Methods | Signed-off | Installation of temporary needle beam per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application |
| 15 Jun 2023 | Standpipe | Signed-off | Installation of dry pressurized class I standpipe system in conjunction with new building application # 420666283 |
| 24 May 2023 | Mechanical Systems | Signed-off | Mechanical work as shown in plans in conjunction with NB filing job # 420666283 |
| 5 May 2023 | Structural | Signed-off | Structural work in conjunction with new building application # 420666283 |
| 3 May 2023 | Construction Fence | Signed-off | Installation of temporary construction fence per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application |
| 3 Apr 2023 | Protection and Mechanical Methods | Signed-off | Installation of 7,100# dual cars temporary personnel/material hoists per plan and application submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application |
| 28 Jul 2022 | Supported Scaffold | Signed-off | Installation of temporary supported scaffold per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application |
| 1 Jun 2022 | Sidewalk Shed | Signed-off | Installation of temporary sidewalk shed on roadway per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application |
| 24 Nov 2021 | Supported Scaffold | Signed-off | Installation of temporary scaffold/ system stair tower per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application |
| 16 Nov 2021 | NB | ISSUED | — |
| 3 Sep 2021 | DM | ISSUED | — |
| 22 Jul 2021 | A2 | ISSUED | — |
| 22 Mar 2018 | A1 | ISSUED | — |
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 Dec 2025 | DECL | — | — | — |
| 29 Jul 2024 | SAGE | — | — | — |
| 24 Jul 2024 | TL&R | — | — | — |
| 24 Jul 2024 | TL&R | — | — | — |
| 24 Jul 2024 | TL&R | — | — | — |
| 24 Jul 2024 | TL&R | — | — | — |
| 10 Jul 2024 | AL&R | $150,000,000 | — | — |
| 10 Jul 2024 | Agreement | $150,000,000 | — | — |
| 10 Jul 2024 | Mortgage | $47,741,822 | — | — |
| 10 Jul 2024 | Assignment | — | — | — |
| 10 Jul 2024 | Assignment | — | — | — |
| 10 Jul 2024 | Assignment | — | — | — |
| 10 Jul 2024 | Assignment | — | — | — |
| 22 Feb 2024 | SAGE | — | — | — |
| 22 Jan 2024 | AL&R | $7,500,000 | — | — |
| 22 Jan 2024 | Mortgage | $63,772,394 | — | — |
| 22 Jan 2024 | SAGE | — | — | — |
| 22 Jan 2024 | Mortgage | $7,500,000 | — | — |
| 22 Jan 2024 | Agreement | $71,272,394 | — | — |
| 20 Jun 2023 | Assignment | — | — | — |
| 20 Jun 2023 | AALR | — | — | — |
| 20 Jun 2023 | Assignment | — | — | — |
| 20 Jun 2023 | AALR | — | — | — |
| 20 Jun 2023 | Assignment | — | — | — |
| 20 Jun 2023 | AALR | — | — | — |
| 20 Sep 2021 | Agreement | — | — | — |
| 20 Sep 2021 | SUBM | — | — | — |
| 9 Jul 2021 | TL&R | — | — | — |
| 9 Jul 2021 | Deed | — | — | — |
| 9 Jul 2021 | Assignment | — | — | — |
| 9 Jul 2021 | Agreement | $21,600,000 | — | — |
| 9 Jul 2021 | AL&R | $21,600,000 | — | — |
| 9 Jul 2021 | Mortgage | $71,272,394 | — | — |
| 9 Jul 2021 | AL&R | $71,272,394 | — | — |
| 9 Jul 2021 | Mortgage | $11,788,696 | — | — |
| 9 Jul 2021 | AL&R | $11,788,696 | — | — |
| 13 Dec 2019 | SMIS | — | — | — |
| 29 Nov 2019 | CERT | — | — | — |
| 29 Nov 2019 | SMIS | — | — | — |
| 29 Nov 2019 | ZONE | — | — | — |
| 11 Oct 2018 | Mortgage | $11,600,000 | — | — |
| 11 Oct 2018 | Agreement | $21,600,000 | — | — |
| 11 Oct 2018 | AL&R | $21,600,000 | — | — |
| 11 Oct 2018 | Assignment | — | — | — |
| 11 Oct 2018 | Agreement | $21,600,000 | — | — |
| 11 Oct 2018 | TL&R | — | — | — |
| 11 Oct 2018 | Deed | $13,310,115 | — | — |
| 13 Oct 2016 | CERT | — | — | — |
| 13 Oct 2016 | ZONE | — | — | — |
| 14 Oct 2014 | Deed | $9,180,000 | — | — |
Showing the 50 most recent of 60. The full set is available in the interactive report.
About this page
Compiled from New York City public records — data retrieved 20 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.