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PropertyDiSHi

70th Street

Queens · Parcel 4024320009
295
Residential units
2021
Year built
240,982 sq ft
Building area
12
Open violations
$19,716,750
Assessed value

Analysis

AI-generated Risk: Medium

The building’s new age and strong market‑to‑assessed value ratio are positives, but the over‑built condition, open violations, and lack of an arm‑length sale create material concerns for investors.

The good

  • New construction (2021) with modern amenities
  • Market value on record ($43,815,000) far exceeds assessed value ($19,716,750)
  • No enforcement or safety violation penalties owed
  • No legal proceedings, tax lien, or outstanding water arrears

The bad

  • Built beyond its residential floor‑area limit (over‑built for residential)
  • 12 open violations on record
  • No arm‑length sale; last sale price recorded as $0
  • Over‑built status limits future expansion potential

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 8.17, against a residential limit of 5.00 — it is over that limit by 3.17. 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.

Unresolved conditions on record

12 violations remain open across 295 residential units (about 0.0 per apartment), against an outstanding penalty balance of $0.00. A significant open count with little money attached usually means habitability items that were never certified as corrected, rather than a few expensive enforcement actions — an administrative problem more than a financial one, though it is still a problem.

No arm's-length sale on record

The last recorded transfer is dated 12 Apr 2019 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 2,375.4% across the 5 assessment years on record (2023 to 2027), standing at $19,716,750. 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

Built8.17
Residential limit5.00
Commercial limit0.00
Community-facility limit5.00

Development headroom (calculated) calculated

Highest permitted ratio5.00
Unused ratio-3.17
Unused buildable area—
Lot area29,504 sq ft

Value & taxes

Assessment

Assessed total$19,716,750
Assessed land$796,500
Assessed building$18,920,250
Market value on record$43,815,000
Assessed as % of market45.0%

Tax

Tax class2
Taxable assessed$19,716,750
Tax rate12.502%
Estimated annual levy$2,464,988.09
Tax exemption (assessed value)421-a — $19,400,755 (through 2060)

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

YearAssessed valueChange
2027$19,716,750—
2026$20,340,450-3.1%
2025$20,275,650+0.3%
2024$7,003,800+189.5%
2023$796,500+779.3%

Building & occupancy

Structure

Year built2021
Floors15
Building area240,982 sq ft
Residential area209,135 sq ft
Commercial area31,847 sq ft

Occupancy

Total units296
Residential units295
Rent-stabilized139
Free Market / Other156
Storefronts3
Residential Avg unit size709 sq ft (calculated)
Commercial Avg unit size31,847 sq ft (calculated)
Building classD7

Neighborhood, risk & energy

Neighborhood & transit

Nearest subway69 St (7) — 0.46 mi
School district24
Police precinct108
Nearest firehouseEngine 292/Rescue 4 — 64-18 Queens Blvd.

Location risk

Flood zoneMinimal hazard (Zone X)
Hurricane evacuation zoneNot in an evacuation zone
Environmental restrictionHazardous materials, air quality, noise
Cleanup siteEnvironmental cleanup site (completed)
City emergency repairs1 orders — $0 billed (through 2025)

Energy & emissions

Energy use intensity55.6 kBtu/ft²
Greenhouse-gas emissions1,512 metric tons/yr

Comparable sales

AddressSale datePriceSq ft$/sq ft
46-02 70th Street, C12023-11-20$4,850,000——
46-10 70th Street, Sch2023-05-01$38,000,000——
69-23 47th Avenue2019-03-29$8,750,00010,943$800
69th Street2018-11-20$175,000——
46-12 70th Street2018-08-09$5,000,0002,240$2,232
69-20 Queens Boulevard2016-04-01$2,081,0063,935$529

Record activity

Compliance calculated

Open violations12
Open per residential unit0.0 (calculated)
Enforcement penalties$0.00
Safety-violation penaltiesNot available
Total penalties owed$0.00 (calculated)
On tax-lien sale listNo

Activity

Complaints recorded175
Permits / alterations75
Recorded documents62
Legal proceedings0

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

OwnerQb Development Owner LLC
Parcel4024320009
Block2432
Lot9
Mortgage on record$14,000,000 (2023) — Mf1 Capital LLC — note assigned
Fixture liens2 active fixture liens

Last recorded transfer

Date12 Apr 2019
Recorded price$0
Price per unitNot meaningful
Price vs assessedNot 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.

IssuedCategoryClassStatusAmount dueDescription
17 Aug 2026HousingBNOV SENT OUT—27-2026 ADM CODE REPLACE THE BROKEN OR DEFECTIVE WATER CLOSET IN THE BATHROOM LOCATED AT APT 1110W, 11th STORY, 4th APARTMENT FROM EAST AT SOUTH
17 Aug 2026HousingANOV SENT OUT—27-2013 ADM CODE PAINT WITH LIGHT COLORED PAINT TO THE SATISFACTION OF THIS DEPARTMENT ALL WALLS AND CEILING IN THE PRIVATE HALLWAY LOCATED AT APT 1110W, 11th STORY, 4th APARTMENT FROM EAST AT SOUTH
22 Jul 2026HousingANOTICE OF ISSUANCE SENT TO TENANT—27-2017.3 HMC: TRACE AND REPAIR THE SOURCE AND ABATE THE VISIBLE MOLD CONDITION... LESS THAN 5 SQUARE FEET AT NORTH WALL BY AC UNIT IN THE 2nd ROOM FROM EAST LOCATED AT APT 1101, 11th STORY, 1st APARTMENT FROM WEST AT NORTH
22 Jul 2026HousingBNOV SENT OUT—27-2026, 2027 HMC: PROPERLY REPAIR THE SOURCE AND ABATE THE EVIDENCE OF A WATER LEAK AT NORTH WALL IN THE 2nd ROOM FROM EAST LOCATED AT APT 1101, 11th STORY, 1st APARTMENT FROM WEST AT NORTH
22 Jul 2026HousingBNOV SENT OUT—27-2005 ADM CODE REPAIR THE BROKEN OR DEFECTIVE PLASTERED SURFACES AND PAINT IN A UNIFORM COLOR AT NORTH WALL IN THE 2nd ROOM FROM EAST LOCATED AT APT 1101, 11th STORY, 1st APARTMENT FROM WEST AT NORTH
22 Jul 2026HousingBNOV SENT OUT—27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE VINYL FLOOR TILES IN THE 2nd ROOM FROM EAST LOCATED AT APT 1101, 11th STORY, 1st APARTMENT FROM WEST AT NORTH
22 Jul 2026HousingANOV SENT OUT—27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE VINYL FLOOR TILES IN THE 3rd ROOM FROM EAST LOCATED AT APT 1101, 11th STORY, 1st APARTMENT FROM WEST AT NORTH
22 Jul 2026HousingANOTICE OF ISSUANCE SENT TO TENANT—27-2017.3 HMC: TRACE AND REPAIR THE SOURCE AND ABATE THE VISIBLE MOLD CONDITION... LESS THAN 10 SQUARE FEET AT NORTH WALL IN THE 3rd ROOM FROM EAST LOCATED AT APT 1101, 11th STORY, 1st APARTMENT FROM WEST AT NORTH
22 Jul 2026HousingANOV SENT OUT—27-2005 ADM CODE REPAIR THE BROKEN OR DEFECTIVE PLASTERED SURFACES AND PAINT IN A UNIFORM COLOR AT NORTH WALL IN THE 3rd ROOM FROM EAST LOCATED AT APT 1101, 11th STORY, 1st APARTMENT FROM WEST AT NORTH
29 Jan 2026HousingCINVALID CERTIFICATION—27-2031 ADM CODE PROVIDE HOT WATER AT ALL HOT WATER FIXTURES IN THE ENTIRE APARTMENT LOCATED AT APT 1218, 12th STORY, 1st APARTMENT FROM SOUTH AT WEST
29 Jan 2026HousingCNOV SENT OUT—27-2033 ADM CODE PROVIDE READY ACCESS TO BUILDINGS HEATING SYSTEM DOOR LOCKED AT BOILER ROOM
17 Apr 2025HousingANOV SENT OUT—27-2005 HMC: PROPERLY REPAIR OR REPLACE THE BROKEN OR DEFECTIVE LATCH PLATE AT DOOR IN THE ENTRANCE LOCATED AT APT 809W, 8th STORY, 3rd 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.

DateProblemTypeStatusClosed
18 Aug 2026Banging/PoundingNoise - ResidentialIn Progress—
18 Aug 2026ConstructionNoiseIn Progress18 Aug 2026
12 Aug 2026Loud Music/PartyNoise - ResidentialClosed12 Aug 2026
11 Aug 2026TOILETPLUMBINGClosed14 Aug 2026
11 Aug 2026ELECTRIC/GAS RANGEAPPLIANCEClosed14 Aug 2026
11 Aug 2026REFRIGERATORAPPLIANCEClosed14 Aug 2026
11 Aug 2026SEWAGEUNSANITARY CONDITIONClosed14 Aug 2026
11 Aug 2026ELECTRIC/GAS RANGEAPPLIANCEOpen—
5 Aug 2026Loud TalkingNoise - ResidentialClosed5 Aug 2026
27 Jul 2026Allowed in Smoke Free AreaSmoking or VapingIn Progress—
17 Jul 2026Banging/PoundingNoise - ResidentialClosed17 Jul 2026
14 Jul 2026Loud Music/PartyNoise - ResidentialClosed14 Jul 2026
11 Jul 2026Loud Music/PartyNoise - ResidentialClosed11 Jul 2026
2 Jul 2026Loud Music/PartyNoise - ResidentialClosed2 Jul 2026
29 Jun 2026Loud Music/PartyNoise - ResidentialClosed29 Jun 2026
25 Jun 2026Loud Music/PartyNoise - ResidentialClosed26 Jun 2026
17 Jun 2026Noise, Barking Dog (NR5NoiseClosed23 Jun 2026
15 Jun 2026Elevator - Single Device On Property/No Alternate ServiceElevatorClosed16 Jun 2026
15 Jun 2026Elevator - Multiple Devices On PropertyElevatorClosed24 Jul 2026
13 Jun 2026Noise: Construction Before/After Hours (NM1NoiseClosed20 Jun 2026
8 Jun 2026Loud Music/PartyNoise - ResidentialClosed8 Jun 2026
28 May 2026Loud Music/PartyNoise - ResidentialClosed28 May 2026
22 May 2026Double Parked Blocking TrafficIllegal ParkingClosed22 May 2026
13 May 2026Noise: Construction Equipment (NC1NoiseClosed14 May 2026
8 May 2026Noise, Barking Dog (NR5NoiseClosed12 May 2026
7 May 2026Noise, Barking Dog (NR5NoiseClosed8 May 2026
5 May 2026N/AEncampmentIn Progress—
5 May 2026N/AEncampmentClosed5 May 2026
5 May 2026Non-ChronicHomeless Person AssistanceClosed5 May 2026
4 May 2026N/AEncampmentClosed5 May 2026
2 May 2026Garage or Parking LotConsumer ComplaintClosed4 May 2026
2 May 2026Noise, Barking Dog (NR5NoiseClosed5 May 2026
1 May 2026Allowed in Smoke Free AreaSmoking or VapingClosed20 May 2026
24 Apr 2026TrespassingNon-Emergency Police MatterClosed25 Apr 2026
17 Apr 2026Posted Parking Sign ViolationIllegal ParkingClosed17 Apr 2026
17 Apr 2026Posted Parking Sign ViolationIllegal ParkingClosed17 Apr 2026
17 Apr 2026With License PlateAbandoned VehicleClosed17 Apr 2026
17 Apr 2026Posted Parking Sign ViolationIllegal ParkingClosed17 Apr 2026
16 Apr 2026Unauthorized Bus LayoverIllegal ParkingClosed17 Apr 2026
11 Apr 2026Noise: Construction Before/After Hours (NM1NoiseClosed18 Apr 2026
6 Apr 2026Noise, Barking Dog (NR5NoiseClosed8 Apr 2026
2 Apr 2026Broken SidewalkSidewalk ConditionClosed14 May 2026
2 Apr 2026With License PlateAbandoned VehicleClosed2 Apr 2026
1 Apr 2026VentilationIndoor Air QualityClosed2 Apr 2026
1 Apr 2026VentilationIndoor Air QualityClosed2 Apr 2026
21 Mar 2026Allowed in Smoke Free AreaSmoking or VapingClosed20 May 2026
20 Mar 2026Noise: Construction Equipment (NC1NoiseClosed23 Mar 2026
17 Mar 2026With License PlateAbandoned VehicleClosed17 Mar 2026
5 Mar 2026Noise: Construction Equipment (NC1NoiseClosed6 Mar 2026
5 Mar 2026Noise: Construction Equipment (NC1NoiseClosed6 Mar 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.

IssuedTypeStatusWork
3 Mar 2026PlumbingPermit Issuednew plumbing and sprinkler work for cafe build out
2 Mar 2026Mechanical SystemsPermit IssuedInstall new HVAC system including heating and cooling for new cafe. Work also include new fresh air ventilation system
23 Jan 2026General ConstructionPermit Issuedinterior renovation of existing retail space for new cafe. work to include new partition walls, flooring and ceiling. no changes to use, egress or occupancy
11 Dec 2024SprinklersSigned-offMODIFICATIONS OF EXISTING SPRINKLER SYSTEM
5 Dec 2024General ConstructionSigned-offINSTALLATION OF NEW PARTITIONS, FLOORS AND WALL SURFACES
2 Dec 2024Mechanical SystemsSigned-offINSTALLATION OF NEW EXHAUSTS/DUCT WORK AND NEW MINI SPLITS
23 Sep 2024Curb CutSigned-offHEREWITH FILING CURB CUT AS PER PLANS FILED IN CONJUCTION WITH NB APP# 420665845
3 Sep 2024PlumbingSigned-offINSTALLATION OF NEW PLUMBING FIXTURES
7 Nov 2022Mechanical SystemsSigned-offInstallation of emergency generator on the roof floor. In conjunction with Nb application 420665845. No change in use, egress, or occupancy
11 Oct 2022Construction FenceSigned-offINSTALLATION OF CONSTRUCTION FENCE DURING NEW BUILDING CONSTRUCTION IN ACCORDANCE WITH NYCC 2014 CHAPTER 33 BUILDING CODE. NO CHANGE IN EGRESS, USE, OR OCCUPANCY
26 Aug 2022Protection and Mechanical MethodsSigned-offINSTALLATION OF TEMPORARY ROOF PROTECTION AS PER PLANS. NO CHANGE IN USE, EGRESS OR OCCUPANCY
15 Jun 2022Protection and Mechanical MethodsSigned-offINSTALLATION AND USE OF MINI CRANE AS PER PLANS FILED HEREWITH. NO CHANGE IN USE, EGRESS OR OCCUPANCY
11 May 2022Protection and Mechanical MethodsSigned-offInstallation and use of preston platform as per plans filed herewith. This application is filed in conjunction with NB-420665845
28 Apr 2022A2ISSUED—
19 Apr 2022Supported ScaffoldSigned-offInstallation 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
21 Mar 2022A2ISSUED—
13 Dec 2021NBISSUED—
26 Aug 2021Protection and Mechanical MethodsSigned-offINSTALLATION OF TEMPORARY PERSONNEL MATERIAL HOIST AS PER PLANS. NO CHANGE IN USE, EGRESS OR OCCUPANCY
6 Apr 2021Construction FenceSigned-offInstall plywood construction fence in conjunction with NB application #420665845
3 Sep 2020Construction FencePermit IssuedProposed construction fence. No change to use, egress or occupancy under this application
26 Aug 2020PlumbingSigned-offPROVIDE UNDERGROUND PLUMBING IN CONJUNCTION WITH NB ON SITE. NO CHANGE IN USE, OCCUPANCY, OR EGRESS
24 Aug 2020Sidewalk ShedSigned-offINSTALLATION OF TEMPORARY SIDEWALK SHED AS PER PLANS. NO CHANGE IN USE, EGRESS OR OCCUPANCY
5 Aug 2020A2ISSUED—
12 Jun 2018DMISSUED—
8 Jun 2018DMISSUED—
10 Apr 2018Construction FencePermit IssuedProposed construction fence. No change to use, egress or occupancy under this application
16 Jul 2015A2ISSUED—
31 Mar 2014A2ISSUED—
11 Apr 2013NBISSUED—
6 Jul 2012NBISSUED—
11 Jun 2012NBISSUED—
15 Oct 2008SGISSUED—
15 Oct 2008SGISSUED—
15 Oct 2008SGISSUED—
15 Oct 2008SGISSUED—
3 Oct 2008SGISSUED—
3 Oct 2008SGISSUED—
12 Feb 2004A2ISSUED—
28 Jan 2004A2ISSUED—
2 Dec 2003A2ISSUED—
2 Dec 2003A2ISSUED—
2 Dec 2003A2ISSUED—
25 Oct 1996A3ISSUED—
25 Oct 1996A3ISSUED—
24 Oct 1996A3ISSUED—
24 Oct 1996A3ISSUED—
10 Nov 1993A3ISSUED—
10 Nov 1993A3ISSUED—
15 Oct 1993A1ISSUED—
15 Oct 1993A1ISSUED—

Showing the 50 most recent of 75. 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.

RecordedTypeAmountFromTo
20 Jun 2025Assignment———
20 Jun 2025AALR———
20 Jun 2025AALR———
20 Jun 2025Assignment———
11 Mar 2025Assignment———
11 Mar 2025AALR———
11 Mar 2025AALR———
11 Mar 2025Assignment———
22 Nov 2023Assignment———
22 Nov 2023AALR———
16 Oct 2023TL&R———
16 Oct 2023Assignment———
16 Oct 2023Assignment———
16 Oct 2023Assignment———
16 Oct 2023Mortgage$14,000,000——
16 Oct 2023Agreement$189,000,000——
16 Oct 2023AL&R$189,000,000——
16 Oct 2023Agreement———
20 Sep 2023DECL———
21 Feb 2023SAGE———
12 Jan 2022SMIS———
11 Jan 2022SMIS———
11 Jan 2022Assignment———
11 Jan 2022Assignment———
11 Jan 2022Assignment———
11 Jan 2022TL&R———
11 Jan 2022Agreement$33,300,000——
11 Jan 2022Mortgage$119,197,319——
11 Jan 2022Mortgage$22,502,681——
11 Jan 2022AL&R$175,000,000——
11 Jan 2022Agreement———
26 Nov 2021EASE———
25 Jun 2020EASE———
25 Jun 2020EASE———
10 Mar 2020CERT———
10 Mar 2020SMIS———
10 Mar 2020SMIS———
26 Aug 2019CERT———
26 Aug 2019ZONE———
12 Apr 2019AL&R$33,600,000——
12 Apr 2019Agreement$24,942,846——
12 Apr 2019Deed———
12 Apr 2019Mortgage$7,763,119——
12 Apr 2019Mortgage$894,035——
12 Apr 2019Mortgage$11,372,831——
6 Dec 2018CERT———
6 Dec 2018SMIS———
6 Dec 2018SMIS———
26 Apr 2016CMTG$1,300,000——
30 Mar 2016Deed$12,750,000——

Showing the 50 most recent of 62. The full set is available in the interactive report.

About this page

Compiled from New York City public records — data retrieved 41 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.