New York City » 11101 » 2nd St » 5501 2nd St

55-01 2nd Street, Long Island City, NY 11101 - Property report

Also known as: 55-01 2nd St

Property image for 55-01 2nd Street, Long Island City, NY 11101

Property type

Elevator Apartment - Fireproof with Stores (D6)

Year built

2022

Lot sq. ft.

130,916

Sale price

$285,000,000

General information

Address

Primary address

55-01 2nd Street

Alternate address(es)

2-21 Malt Dr

ZIP code

11101

Neighborhood

Hunters Point

Borough

Queens

Block & lot

00011-0001

Building

Property type

Elevator Apartment - Fireproof with Stores (D6)

Building sq. ft.

842,064

Building dimensions

440 ft x 200 ft

Buildings on lot

Stories

Year built

2022

Building material

Sales

Sale date

05/15/2019

Sale price

$285,000,000

Tax

Tax year

2026-2027

Property tax

$262,470

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

812

Residential sq. ft.

Office sq. ft.

Retail sq. ft.

Lot

Lot dimensions

530.02 ft x 247 ft

Lot sq. ft.

130,916

Area overview

Walk score

72 /100. Very Walkable

Transit score

98 /100. Rider's Paradise

Bike score

87 /100. Very Bikeable

School district

Community district

Closest police station

0.88 Miles

Closest fire station

0.42 Miles

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for 55-01 2nd Street, Long Island City, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 55-01 2nd Street, Long Island City, NY 11101

Sale date	Sale price	Buyer name	Seller name
05/15/2019	$285,000,000	XX-XX X XXX	XXX XXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
09/19/2025 - R 09/12/2025 - D	Declaration (2025091700530002)	XXX XXXXX XXX
01/12/2024 - R 01/03/2024 - D	Sundry Miscellaneous (2024011000044001)	XXX XXXXX XXX
10/16/2023 - R 09/28/2023 - D	Easement (2023101300299001)	XXXX X XXX	XXXXXX
01/18/2023 - R	Initial UCC1 (2023011300506006)	XXX XXXXX XXX	XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
01/18/2023 - R 01/11/2023 - D	Mortgage (2023011300506005)	XXX XXXXX XXX	XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
01/18/2023 - R 01/11/2023 - D	Mortgage (2023011300506004)	XXX XXXXX XXX	XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
01/18/2023 - R 01/11/2023 - D	Deed (2023011300506003)	XXX XXXXX XXX	XXX XXXXX XXX
01/18/2023 - R 01/11/2023 - D	Agreement (2023011300506002)	XXX XXXXX XXX	XXX XXXXX XXX
01/18/2023 - R 01/11/2023 - D	Release (2023011300506001)	XXX XXXXX XXX	XXX XXXXX XXX
07/18/2022 - R 06/15/2022 - D	Agreement (2022070701045001)	XXX XXXXX XXX	XXX XXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 55-01 2nd Street, Long Island City, 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

$262,470

Municipal exemptions

Recent tax assessments

Market value

$176,415,000

Assessed value

$79,386,750

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	$156,759,000	$70,541,550	$69,949,624	12.439%	$8,701,034	$8,701,034	+139.53%
2024/25	$66,850,000	$30,082,500	$29,060,455	12.5%	$3,632,557	$3,632,557	+986.24%
2023/24	$9,634,000	$4,335,300	$2,674,892	12.502%	$334,415	$334,415	+57.00%
2022/23	$7,411,144	$3,335,015	$2,000,738	10.646%	$212,999	$212,999	+105.61%
2021/22	$2,219,000	$998,550	$963,223	10.755%	$103,595	$103,595	+794.73%
2020/21	$2,267,000	$1,020,150	$108,270	10.694%	$11,578	$11,578	-98.50%
2019/20	$16,752,000	$7,538,400	$7,320,680	10.537%	$771,380	$771,380	+2.61%
2018/19	$16,965,000	$7,634,250	$7,149,850	10.514%	$751,735	$751,735	+0.06%
2017/18	$19,174,000	$8,628,300	$7,145,660	10.514%	$751,295	$751,295	+3.65%
2016/17	$18,146,000	$8,165,700	$6,855,140	10.574%	$724,863	$724,863	+2.09%

Permits

Permit information for 55-01 2nd Street, Long Island City, NY

Filing date	Job type	Job status	Job description	Initial cost
06/09/2026	Alteration
03/06/2026	Alteration
03/06/2026	Alteration
03/05/2026	Alteration
02/06/2026	Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID	Issue date	Type	Status
	05/02/2023	Bench-failure to benchmark none
	03/09/2017	E-elevator
	03/09/2017	E-elevator

*Most recent DOB violations on record for this property.

Listings

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

FEMA flood zones

0.2,AE,X

Hurricane evacuation zones

Subway & traffic

Closest station

Vernon Blvd & 50th Ave at SW Corner

Station lines

Distance (miles)

0.284

View subway map

Access the detailed traffic volume map for 55-01 2nd Street, Long Island City, NY 11101 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 55-01 2nd Street, Long Island City, NY

2-02 Borden Ave, Long Island City 50-02 5th St, Long Island City 52-20 2nd St, Long Island City 52-25 2nd St, Long Island City 5-40 44th Dr, Long Island City 1-01 - 1-02 54th Ave, Long Island City 5-35 A 54th Ave, Long Island City 2-19 50th Ave, Long Island City 44-68 Vernon Blvd, Long Island City 2-16 Borden Ave, Long Island City 2-24 51st Ave, Long Island City 4-75 48th Ave, Long Island City 51-24 2nd St, Long Island City

Frequently asked questions

What is the year built for 55-01 2nd Street, Long Island City, NY 11101?

The development at 55-01 2nd Street, Long Island City, NY 11101 was built in 2022.

What is the market value of 55-01 2nd Street, Long Island City, NY 11101?

The current market value of 55-01 2nd Street, Long Island City, NY 11101 is $176,415,000.

What is the total square footage of 55-01 2nd Street, Long Island City, NY 11101?

55-01 2nd Street, Long Island City, NY 11101 has a total of 842,064 square feet.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 6.

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.