Retail building · Long Island City, Queens
10-04 Borden Avenue
Long Island City, NY 11101
10-04 Borden Avenue is a 3-floor retail building in Long Island City, Queens, built in 2023, with about 48,000 square feet of retail space according to city records.
Also at 10-04 to 10-20 Borden Avenue.
- Retail space
- 48K SF
- Floors
- 3
- Year built
- 2023
- Zoning
- M3-2
The 2nd largest of the 3 retail buildings we track in Long Island City. Compare it with 6 neighbors
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Compared with its neighbors
How 10-04 Borden Avenue compares
Next to the 6 nearest large commercial buildings, all within a 4 minute walk, 10-04 Borden Avenue ranks 5th of 7 by commercial floor area. Built in 2023, it is the newest of them. Its estimated property tax, about $18.06 a square foot of floor area before abatements, is above the neighbors' median of $5.90.
| Building | Commercial space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 10-04 Borden Avenue | 48K SF | 3 | 2023 | $18.06 | n/a |
| 53-01R 11th Street | 90K SF | 3 | 1954 | $6.28 | n/a |
| 11-40 Borden Avenue | 36K SF | 2 | 1960 | $7.54 | Jun 2025, $16M |
| 11-58 Borden Avenue | 137K SF | 7 | 1916 | $5.52 | Jul 2013, $16.5M |
| 50-02 5th Street | 38K SF | 2 | 1971 | $7.08 | Mar 2011, $10.3M |
| 2-39 54th Avenue | 59K SF | 1 | 1962 | $3.70 | Oct 2005, $6M |
| 21-07 Borden Avenue | 68K SF | 6 | 1907 | $2.91 | n/a |
Sources: NYC Department of City Planning, PLUTO 26v2 for size, floors and year built; NYC Department of Finance 2026/27 roll for tax (taxable value times the class rate, before abatements, over the whole floor area); ACRIS for the last deed that moved the whole lot for a real price (a price for several lots is their combined price; condominiums sell by the unit and show n/a). Large means at least 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other address
- 10-04 to 10-20 Borden Avenue
- ZIP code
- 11101
- Building type
- Retail building (city class K4)
- Total floor area
- 47,693 SF
- Commercial floor area
- 47,693 SF
- Retail
- 47,693 SF
- Height
- 3 floors
- Average floor
- About 15,900 SF (floor area divided by floors)
- Year built
- 2023
- Lot area
- 23,890 SF
- Zoning district
- M3-2
- Built FAR
- 2
- Max commercial FAR
- 2
- Tax lot (BBL)
- 4000370007
Nearest subway
- Vernon Blvd-Jackson Av
- Hunters Point Av
- 21 St
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-05; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-05. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates. How we build these pages. Something wrong on this page? Tell us.
NYC Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists GLEN GARDEN CORP as the owner of record. For tax year 2026/27 the city values 10-04 Borden Avenue at $17.6 million and assesses it at $7.94 million. After phase-ins and exemptions its taxable value is $7.94 million; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $861,212 a year before abatements, roughly $18.06 per square foot of floor area. Commercial leases here often pass a tenant's share of tax increases over a base year through as additional rent.
- Owner of record
- GLEN GARDEN CORP
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $17,642,000
- Land market value
- $650,000
- Assessed value
- $7,938,900
- Estimated yearly tax
- About $861,212
- Tax per SF of floor area
- About $18.06
City market value by tax year
Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll; owner names as the roll records them, which cuts some long names short), pulled 2026-10-09; tax rate from the Department of Finance tax rates page, checked 2026-09-28. The estimate is the taxable value times the class rate. It leaves out abatements, payment-in-lieu-of-taxes agreements and charges, so the actual bill can differ.
Own or manage 10-04 Borden Avenue? List a space here free and we match it against every active requirement.
NYC energy benchmarking (Local Law 84)
Energy use and emissions
10-04 Borden Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 70.9 kBtu per square foot, 20% above the national median of 59.3 for a similar property. Its greenhouse gas emissions were about 257 metric tons of CO2e (4.91 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Mixed Use Property
- Site energy use intensity
- 70.9 kBtu/SF
- National median for the type
- 59.3 kBtu/SF
- Greenhouse gas emissions
- 257 t CO2e
- Emissions per SF
- 4.91 kg CO2e
- Floor area in the filing
- 52,395 SF
Energy sources in 2024
Source: NYC Department of Buildings and Mayor's Office of Climate and Environmental Justice, NYC Building Energy and Water Data Disclosure for Local Law 84 (2024 filing), pulled 2026-10-09; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
Local Law 97 of 2019, estimated
Local Law 97 emissions limit
At its 2024 energy use, 10-04 Borden Avenue comes to about 228 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 482 tons for 2024 to 2029 (47% of the limit), so it would owe no penalty. From 2030 the limit drops to 150 tons and the same energy use counts as about 187 tons, about 37 tons over, or an estimated $9,900 a year unless the building cuts its emissions.
- Period
- 2024 to 2029
- Emissions limit
- 482 t CO2e
- Estimated emissions
- 228 t CO2e
- Under the limit by
- 254 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 150 t CO2e
- Estimated emissions
- 187 t CO2e
- Over the limit by
- 37 t CO2e
- Estimated penalty a year
- $9,900
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Other - Recreation 14,311 SF; Strip Mall 12,328 SF; Office 25,756 SF. It applies the coefficients and per-use limits in Department of Buildings rule 1 RCNY 103-14 and Administrative Code 28-320.3.1.1 (as the Department lists them) and the $268 per ton penalty, checked 2026-10-04. It is not the building's Local Law 97 report: that report can count renewable energy credits, solar and storage deductions and, for 2024 and 2025, the law's occupancy group limits where higher, and penalties can be reduced for good faith efforts.
Change these numbers in the Local Law 97 calculator to see what a cut in energy use would do to the penalty.
Own or manage 10-04 Borden Avenue? List a space here free and we match it against every active requirement.
NYC Department of Buildings permits
Work permits and build-outs
In the 12 months to October 2026, the Department of Buildings issued first permits for 3 jobs at 10-04 Borden Avenue. In the last two years, interior work was permitted on 3 floors (floors 1 to 3). The newest build-out, on floors 1 to 3 and the roof, was first permitted in March 2025 (construction, mechanical, plumbing, sprinklers, standpipe, structural; filed cost estimate $925,000).
- New jobs, last 12 months
- 3
- Initial permits, last 12 months
- 6
- Newest job first permitted
- November 2025
- Interior build-outs, last 24 months
- 1
- Floors with interior work, last 24 months
- 1 to 3
Recent build-outs
New jobs by year
Build-outs across Long Island CityWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-09 (permits issued through 2026-10-06). A job counts once, when its first permit is issued; renewals are not new work. A build-out groups jobs on the same floors first permitted within 120 days of each other. Costs are the estimates filed with the jobs. Jobs filed before DOB NOW (in the older BIS system) are not counted. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
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Questions about 10-04 Borden Avenue
How big is 10-04 Borden Avenue?
10-04 Borden Avenue has about 48,000 square feet of floor area in total, including 48,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 10-04 Borden Avenue built?
City records list 2023 as the year built. The building is 3 floors tall.
What other addresses does 10-04 Borden Avenue have?
City records list 10-04 to 10-20 Borden Avenue on the same tax lot (BBL 4000370007) as 10-04 Borden Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 10-04 Borden Avenue?
10-04 Borden Avenue is in ZIP code 11101, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 10-04 Borden Avenue, Long Island City, NY 11101.
What is the zoning at 10-04 Borden Avenue?
The lot is in the M3-2 zoning district. PLUTO lists a built floor area ratio (FAR) of 2 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 10-04 Borden Avenue?
The closest subway station to 10-04 Borden Avenue is Vernon Blvd-Jackson Av (the 7 train), about 600 feet away in a straight line, roughly 2 minutes on foot. Also nearby: Hunters Point Av (the 7 train), 5 min walk; 21 St (the G train), 6 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 10-04 Borden Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists GLEN GARDEN CORP as the owner of record of 10-04 Borden Avenue (BBL 4000370007). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
Does 10-04 Borden Avenue have an energy grade?
10-04 Borden Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 70.9 kBtu per square foot, 20% above the national median of 59.3 for a similar property. Its greenhouse gas emissions were about 257 metric tons of CO2e (4.91 kg per square foot).
Does 10-04 Borden Avenue meet Local Law 97?
At its 2024 energy use, 10-04 Borden Avenue comes to about 228 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 482 tons for 2024 to 2029 (47% of the limit), so it would owe no penalty. From 2030 the limit drops to 150 tons and the same energy use counts as about 187 tons, about 37 tons over, or an estimated $9,900 a year unless the building cuts its emissions. This is an estimate from the owner's 2024 benchmarking filing using the coefficients and per-use limits in the law and the Department of Buildings rule, at $268 per ton over. It is not the building's Local Law 97 report, which can count credits and deductions this estimate cannot.
Is there construction at 10-04 Borden Avenue?
In the 12 months to October 2026, the Department of Buildings issued first permits for 3 jobs at 10-04 Borden Avenue. In the last two years, interior work was permitted on 3 floors (floors 1 to 3). The newest build-out, on floors 1 to 3 and the roof, was first permitted in March 2025 (construction, mechanical, plumbing, sprinklers, standpipe, structural; filed cost estimate $925,000). These are the Department of Buildings' DOB NOW work permits for tax lot 4000370007. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
What are the property taxes at 10-04 Borden Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $7.94 million for 10-04 Borden Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $861,212 a year, roughly $18.06 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4000370007 show the actual bill.
What is the assessed value of 10-04 Borden Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 10-04 Borden Avenue at $17.6 million ($650,000 of it land) and its assessed value at $7.94 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 930% from 2022/23 ($1.71 million) to 2026/27.
Is there retail space for lease at 10-04 Borden Avenue?
No space at 10-04 Borden Avenue is listed on Leasemark right now. Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.
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