Warehouse · Long Island City, Queens

11-40 Borden Avenue

Long Island City, NY 11101

11-40 Borden Avenue is a 2-floor warehouse in Long Island City, Queens, built in 1960, with about 36,000 square feet of industrial and storage space according to city records.

Industrial and storage space
36K SF
Floors
2
Year built
1960
Zoning
M3-2

Industrial and storage space next to its nearest neighbors

  1. 11-58 Borden Avenue1 min walk137K SF
  2. 53-01R 11th Street1 min walk72K SF
  3. 11-40 Borden AvenueThis building36K SF

The 99th largest of the 102 industrial and storage buildings we track in Long Island City. Compare it with 6 neighbors

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Compared with its neighbors

How 11-40 Borden Avenue compares

Next to the 6 nearest large industrial and storage buildings, all within a 9 minute walk, 11-40 Borden Avenue is the smallest by industrial and storage floor area. It went up in 1960; the median neighbor dates from 1947. Its estimated property tax, about $7.54 a square foot of floor area before abatements, is above the neighbors' median of $5.52.

11-40 Borden Avenue and the 6 nearest large industrial and storage buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingIndustrial and storage spaceFloorsBuiltTax / SFLast sale
11-40 Borden AvenueThis building36K SF21960$7.54Jun 2025, $16M
11-58 Borden Avenue1 min walk137K SF71916$5.52Jul 2013, $16.5M
53-01R 11th Street1 min walk72K SF31954$6.28n/a
21-07 Borden Avenue1 min walk54K SF61907$2.91n/a
23-30 Borden Avenue3 min walk54K SF52022$10.26n/a
2-39 54th Avenue8 min walk50K SF11962$3.70Oct 2005, $6M
47-22 Pearson Place9 min walk51K SF11941ExemptApr 2016, $18.5M
The 99th largest of the 102 industrial and storage 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

ZIP code
11101
Building type
Warehouse (city class E1)
Total floor area
36,100 SF
Commercial floor area
36,100 SF
Industrial and storage
36,100 SF
Height
2 floors
Year built
1960
Lot area
40,964 SF
Zoning district
M3-2
Built FAR
0.88
Max commercial FAR
2
Tax lot (BBL)
4000650020

Nearest subway

  • Hunters Point Av3 min walk · Not accessible
  • Vernon Blvd-Jackson Av5 min walk · Not accessible
  • 21 St5 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; 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 TERRENO 60TH AVENUE LLC as the owner of record. For tax year 2026/27 the city values 11-40 Borden Avenue at $6.11 million and assesses it at $2.75 million. After phase-ins and exemptions its taxable value is $2.51 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 $272,174 a year before abatements, roughly $7.54 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
TERRENO 60TH AVENUE LLC
Tax class
Class 4 (commercial and industrial)
City market value
$6,105,000
Land market value
$2,458,000
Assessed value
$2,747,250
Taxable value (phased in)
$2,508,980
Estimated yearly tax
About $272,174
Tax per SF of floor area
About $7.54

City market value by tax year

  • 2022/23$4.68 million
  • 2023/24$6.06 million
  • 2024/25$5.58 million
  • 2025/26$5.96 million
  • 2026/27$6.11 million

Market value rose 31% from 2022/23 ($4.68 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 property records (ACRIS)

Sales history

11-40 Borden Avenue last sold in June 2025 for $16 million, according to the deed recorded with the city. WICKERSHAM REALTY, LLC sold it to TERRENO 60TH AVENUE LLC. That comes to about $443 per square foot of floor area.

Last sale (deed date)
June 18, 2025
Price
$16,000,000
Price per SF of floor area
About $443
Seller
WICKERSHAM REALTY, LLC
Buyer
TERRENO 60TH AVENUE LLC
Deed recorded
June 27, 2025
ACRIS document
2025062600772001
All 45 building sales in Long Island City since 2016

Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-09; prices as the deeds state them, names as recorded (companies and public bodies only). Shown are deeds that move the whole lot for a real price. Transfers between related companies for a nominal sum, sales of partial interests, land sales before the building went up and sales of the company that owns a building are left out.

What a requirement here looks like

No live requirements for industrial and storage space in Long Island City yet. These labeled examples show what tenants post. List a space in 11-40 Borden Avenue and we match it against every new one automatically.

Want · Flex / Creative / Industrial

Content studio, flex space with freight

Posted by the tenant · Media

Where
Sunset Park, Garment District +1
Size
5,000 to 10,000 SF
Budget
to $45/SF
Move in
Nov 2026
Freight elevatorHigh ceilings
Owners: got a fit?I have a fit

Before you sign

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Questions about 11-40 Borden Avenue

How big is 11-40 Borden Avenue?

11-40 Borden Avenue has about 36,000 square feet of floor area in total, including 36,000 square feet of industrial and storage space, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

When was 11-40 Borden Avenue built?

City records list 1960 as the year built. The building is 2 floors tall.

What is the ZIP code of 11-40 Borden Avenue?

11-40 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 11-40 Borden Avenue, Long Island City, NY 11101.

What is the zoning at 11-40 Borden Avenue?

The lot is in the M3-2 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.88 and a maximum commercial FAR of 2 for this lot.

What subway station is closest to 11-40 Borden Avenue?

The closest subway station to 11-40 Borden Avenue is Hunters Point Av (the 7 train), about 850 feet away in a straight line, roughly 3 minutes on foot. Also nearby: Vernon Blvd-Jackson Av (the 7 train), 5 min walk; 21 St (the G train), 5 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 11-40 Borden Avenue?

The NYC Department of Finance's 2026/27 assessment roll lists TERRENO 60TH AVENUE LLC as the owner of record of 11-40 Borden Avenue (BBL 4000650020). Big buildings are usually held through a company set up for that one property, so the name on the roll can differ from the landlord's brand or the managing agent. Deeds and mortgages for the lot are public in ACRIS, the city's property records system.

When was 11-40 Borden Avenue last sold?

11-40 Borden Avenue last sold in June 2025 for $16 million, according to the deed recorded with the city. WICKERSHAM REALTY, LLC sold it to TERRENO 60TH AVENUE LLC. That comes to about $443 per square foot of floor area. The deed is ACRIS document 2025062600772001 (BBL 4000650020) in the city's property records. A sale of the company that owns a building is not recorded as a deed, so it would not show there.

What are the property taxes at 11-40 Borden Avenue?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $2.51 million for 11-40 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 $272,174 a year, roughly $7.54 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4000650020 show the actual bill.

What is the assessed value of 11-40 Borden Avenue?

For tax year 2026/27, the NYC Department of Finance puts the market value of 11-40 Borden Avenue at $6.11 million ($2.46 million of it land) and its assessed value at $2.75 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 31% from 2022/23 ($4.68 million) to 2026/27.

Is there industrial and storage space for lease at 11-40 Borden Avenue?

No space at 11-40 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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