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

Commercial space next to its nearest neighbors

  1. 53-01R 11th Street3 min walk90K SF
  2. 10-04 Borden AvenueThis building48K SF
  3. 11-40 Borden Avenue4 min walk36K SF

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.

10-04 Borden Avenue and the 6 nearest large commercial buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingCommercial spaceFloorsBuiltTax / SFLast sale
10-04 Borden AvenueThis building48K SFretail32023$18.06n/a
53-01R 11th Street3 min walk90K SFindustrial and storage31954$6.28n/a
11-40 Borden Avenue4 min walk36K SFindustrial and storage21960$7.54Jun 2025, $16M
11-58 Borden Avenue4 min walk137K SFindustrial and storage71916$5.52Jul 2013, $16.5M
50-02 5th Street4 min walk38K SFoffice21971$7.08Mar 2011, $10.3M
2-39 54th Avenue4 min walk59K SFindustrial and storage11962$3.70Oct 2005, $6M
21-07 Borden Avenue4 min walk68K SFindustrial and storage61907$2.91n/a
The 2nd largest of the 3 retail buildings we track in Long Island City: see the full list

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 Av2 min walk · Not accessible
  • Hunters Point Av5 min walk · Not accessible
  • 21 St6 min walk · Not accessible

Nearby large buildings

All 14 large commercial buildings on Borden Avenue

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

  • 2022/23$1.71 million
  • 2023/24$1.9 million
  • 2024/25$650,000
  • 2025/26$14.4 million
  • 2026/27$17.6 million

Market value rose 930% from 2022/23 ($1.71 million) to 2026/27.

How Long Island City compares: property tax per SF across NYC neighborhoodsEstimate this tax bill, or a tenant's share of it

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.

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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

  • Natural gas74%
  • Electricity26%

Share of the energy used on site, as filed.

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

  • Floors 1 to 3, roofMarch 2025Construction, Mechanical, Plumbing, Sprinklers, Standpipe, Structural; est. $925,000; signed off

New jobs by year

  • 20210
  • 20226
  • 20236
  • 20240
  • 20255
  • 2026 to date0

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.

Before you sign

Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.

All guides

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.

2,492 buildings from city records

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