New York City  »  11423  »  Palermo St  »  8737 Palermo St

87-37 Palermo Street, Hollis, NY 11423 - Property report

Also known as: 193-01 Clover Hill Rd

Property image for 87-37 Palermo Street, Hollis, NY 11423
static Mapbox map

Property type

Hospital, Sanitarium, Mental Institution (I1)

Year built

1951

Lot sq. ft.

95,600

Sale price

$10,861,838

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Primary address
87-37 Palermo Street
Alternate address(es)
193-01 Clover Hill Rd
87-29 Palermo St
87-37 - 87-39 Palermo St
ZIP code
11423
Neighborhood
Jamaica Estates
Borough
Queens
Block & lot
10509-0052

Owner

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Building
Property type
Hospital, Sanitarium, Mental Institution (I1)
Building sq. ft.
73,000
Building dimensions
100.83 ft x 50.83 ft
Buildings on lot
3
Stories
3
Year built
1951
Building material
Sales
Sale date
07/07/2015
Sale price
$10,861,838
Tax
Tax year
2026-2027
Property tax
$639,558
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
0
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
140 ft x 157 ft
Lot sq. ft.
95,600

Area overview

Walk score
72 /100.  Very Walkable
Transit score
88 /100.  Excellent Transit
Bike score
28 /100.  Somewhat Bikeable
School district
29
Community district
8
Closest police station
1.35 Miles
Closest fire station
0.40 Miles

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Ownership

Ownership information for 87-37 Palermo Street, Hollis, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 87-37 Palermo Street, Hollis, NY 11423

Sale date Sale price Buyer name Seller name
07/07/2015 $10,861,838 XXXX XXXXXX XXX XXX XXX-X XXXXXXXX XXXXXX XXXX. XXX XXX-X XXXXXXXX XXXXXX XXXX. XXXXXXX XXXXXXXXXX XX XXX XXXX, XXX. XXX XXXXXXX XXXXXXXXXX XX XXX XXXX, XXX.

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
10/02/2025 - R
09/16/2025 - D		 Tax Lien Sale Certificate
(2025100100515001)		 XXXX XX XXX XXXX XXXX XX XXX XXXX
09/08/2020 - R
08/20/2020 - D		 Termination of Assign of L&R
(2020090800309001)		 XXXX XXXXXXXX XXXXXX XXXX XXXXXX XXXX X XXX
09/04/2020 - R
08/20/2020 - D		 Partial Release of Mortgage
(2020090400181001)		 XXXXXX XXXX X XXX XXXX XXXXXX XXX
12/22/2017 - R UCC3 Termination
(2017112001220002)		 XXX XXX XXXXXXX XXXXXX XXXXXXX XXX
12/22/2017 - R UCC3 Termination
(2017112001220001)		 XXXXXXX XXXXXXXXXX XX XXX XXXX XXX XXXXXXX XXXXXX XXXXXXX XXX
09/20/2017 - R
09/07/2017 - D		 Assignment of Leases and Rents
(2017091900270002)		 XXXX XXXXXX XXX XXXXXX XXXX X XXX
09/20/2017 - R
09/07/2017 - D		 Mortgage
(2017091900270001)		 XXXX XXXXXX XXX XXXXXX XXXX X XXX
10/16/2015 - R
07/07/2015 - D		 Satisfaction of Mortgage
(2015071301327001)		 XXXXXXX XXXXXXXXXX XX XXX XXXX XXX XXXXXXXXX XXXXXX XXXXXXX XXX XX XXXXXXXX
07/29/2015 - R
07/07/2015 - D		 Deed
(2015071300680002)		 XXXXXXX XXXXXXXXXX XX XXX XXXX XXX XXXX XXXXXX XXX
07/29/2015 - R
07/07/2015 - D		 Termination of Lease or Memo
(2015071300680001)		 XXXXXXX XXXXXXXXXX XX XXX XXXX XXX XXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 87-37 Palermo Street, Hollis, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$639,558
Municipal exemptions
Recent tax assessments
Market value
$13,738,000
Assessed value
$6,182,100

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Taxable amount Tax rate Base tax Property tax Y-o-Y change
2025/26 $13,407,000 $6,033,150 $5,666,940 10.848% $614,750 $614,750 +0.18%
2024/25 $13,211,000 $5,944,950 $5,701,771 10.762% $613,625 $613,625 +1.44%
2023/24 $12,945,000 $5,825,250 $5,711,131 10.592% $604,923 $604,923 +3.45%
2022/23 $12,206,000 $5,492,700 $5,492,700 10.646% $584,753 $584,753 +7.91%
2021/22 $11,197,000 $5,038,650 $5,038,650 10.755% $541,907 $541,907 +310.83%
2020/21 $13,794,013 $6,207,306 $1,233,459 10.694% $131,906 $131,906 -80.23%
2019/20 $15,764,000 $7,093,800 $6,331,590 10.537% $667,160 $667,160 +5.07%
2018/19 $15,752,000 $7,088,400 $6,039,000 10.514% $634,940 $634,940 +7.05%
2017/18 $14,835,000 $6,675,750 $5,641,320 10.514% $593,128 $593,128 +2.46%
2016/17 $14,096,000 $6,343,200 $5,474,810 10.574% $578,906 $578,906 -1.69%
Permits

Permit information for 87-37 Palermo Street, Hollis, NY

Filing date Job type Job status Job description Initial cost
05/03/2023 Alteration
02/08/2023 Alteration
09/06/2019 Subdivision: improved
06/11/2019 Alteration type 2
07/27/2017 Alteration type 3

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
11/14/2025 Lblvio-low pressure boiler boiler required
11/14/2025 Lblvio-low pressure boiler boiler required
11/14/2025 Lblvio-low pressure boiler boiler required

*Most recent DOB violations on record for this property.

Neighborhood

Queens commercial market stats

Review a detailed real estate market overview of Queens and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Queens and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$458

1.2% Y-o-Y

Q1 2026 median price/sq. ft.

$434

-0.5% Y-o-Y

2025 median price/sq. ft.

$452

4.2% Y-o-Y

Check out recently sold homes in Queens and see how their prices compare.

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
Midland Pkwy & Hillside Ave at NE Corner
Station lines
F
Distance (miles)
0.712
View subway map

Access the detailed traffic volume map for 87-37 Palermo Street, Hollis, NY 11423 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Neighbors for 87-37 Palermo Street, Hollis, NY

193-24 Foothill Ave, Hollis 191-21 Foothill Ave, Hollis 87-45 191st St, Hollis 193-03 Foothill Ave, Hollis 191-27 Foothill Ave, Hollis 87-41 Clover Pl, Hollis 191-03 Foothill Ave, Hollis 87-18 Clover Hill Rd, Hollis 191-31 Foothill Ave, Hollis 87-01 Clover Pl, Hollis 87-11 Clover Pl, Hollis 87-25 Clover Pl, Hollis 193-32 Foothill Ave, Hollis 191-11 Foothill Ave, Hollis 87-39 191st St, Hollis 196-05 Foothill Ave, Hollis 87-45 Clover Pl, Hollis 191-55 Foothill Ave, Hollis 87-17 Clover Pl, Hollis 196-01 Foothill Ave, Hollis

Nearby ZIP codes for 87-37 Palermo Street, Hollis, NY

11358, New York City, NY 11361, New York City, NY 11362, New York City, NY 11364, New York City, NY 11365, New York City, NY 11366, New York City, NY 11411, New York City, NY 11412, New York City, NY 11413, New York City, NY 11424, New York City, NY 11426, New York City, NY 11427, New York City, NY 11428, New York City, NY 11429, New York City, NY 11432, New York City, NY 11433, New York City, NY 11434, New York City, NY 11435, New York City, NY 11436, New York City, NY

Frequently asked questions

What is the year built for 87-37 Palermo Street, Hollis, NY 11423?

The development at 87-37 Palermo Street, Hollis, NY 11423 was built in 1951.

What is the total square footage of 87-37 Palermo Street, Hollis, NY 11423?

87-37 Palermo Street, Hollis, NY 11423 has a total of 73,000 square feet.

When was 87-37 Palermo Street, Hollis, NY 11423 last sold and what was the sale price?

87-37 Palermo Street, Hollis, NY 11423 was last sold on 07/07/2015 for $10,861,838.

What is the assessed value of 87-37 Palermo Street, Hollis, NY 11423?

87-37 Palermo Street, Hollis, NY 11423 is currently assessed at $6,182,100.

What are the property taxes for 87-37 Palermo Street, Hollis, NY 11423?

The property taxes for 87-37 Palermo Street, Hollis, NY 11423 total $639,557.

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