Factory and industrial building · Long Island City, Queens

11-58 Borden Avenue

Long Island City, NY 11101

11-58 Borden Avenue is a 7-floor factory and industrial building in Long Island City, Queens, built in 1916, with about 137,000 square feet of industrial and storage space according to city records.

Also at 51-02 to 51-12 21st Street and 11-47 Borden Avenue.

Industrial and storage space: 137K SF
Floors: 7
Year built: 1916
Zoning: M3-2

Industrial and storage space next to its nearest neighbors

11-58 Borden AvenueThis building137K SF
53-01R 11th Street2 min walk72K SF
21-07 Borden Avenue1 min walk54K SF
11-40 Borden Avenue1 min walk36K SF

The 19th 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 11-58 Borden Avenue compares

Next to the 6 nearest large industrial and storage buildings, all within a 8 minute walk, 11-58 Borden Avenue is the largest by industrial and storage floor area. It went up in 1916; the median neighbor dates from 1957. Its estimated property tax, about $5.52 a square foot of floor area before abatements, is below the neighbors' median of $6.28.

11-58 Borden Avenue and the 6 nearest large industrial and storage buildings: size, floors, year built, estimated property tax per square foot and last sale
Building	Industrial and storage space	Floors	Built	Tax / SF	Last sale
11-58 Borden AvenueThis building	137K SF	7	1916	$5.52	Jul 2013, $16.5M
21-07 Borden Avenue1 min walk	54K SF	6	1907	$2.91	n/a
11-40 Borden Avenue1 min walk	36K SF	2	1960	$7.54	Jun 2025, $16M
53-01R 11th Street2 min walk	72K SF	3	1954	$6.28	n/a
23-30 Borden Avenue4 min walk	54K SF	5	2022	$10.26	n/a
2-39 54th Avenue8 min walk	50K SF	1	1962	$3.70	Oct 2005, $6M
47-22 Pearson Place8 min walk	51K SF	1	1941	Exempt	Apr 2016, $18.5M

The 19th 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

Other addresses: 51-02 to 51-12 21st Street; 11-47 Borden Avenue
ZIP code: 11101
Building type: Factory and industrial building (city class F9)
Total floor area: 136,500 SF
Commercial floor area: 136,500 SF
Industrial and storage: 136,500 SF
Height: 7 floors
Average floor: About 19,500 SF (floor area divided by floors)
Year built: 1916
Lot area: 28,368 SF
Zoning district: M3-2
Built FAR: 4.81
Max commercial FAR: 2
Tax lot (BBL): 4000390182

Nearest subway

Hunters Point Av2 min walk · Not accessible
Vernon Blvd-Jackson Av4 min walk · Not accessible
21 St5 min walk · Not accessible

Nearby large buildings

21-09 Borden Avenue164K SF office · 7 floors · 1 min walk
21-01 51st Avenue46K SF office · 3 floors · 1 min walk
21-02 49th Avenue115K SF office · 7 floors · 2 min walk
10-04 Borden Avenue48K SF retail · 3 floors · 4 min walk
47-40 21st Street180K SF office · 10 floors · 4 min walk
24-02 49th Avenue655K SF office · 7 floors · 5 min walk
25-20 Borden Avenue89K SF office · 1 floor · 5 min walk
25-11 49th Avenue193K SF office · 9 floors · 7 min walk

All 14 large commercial buildings on Borden Avenue

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-16. 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 51-02 21ST REALTY, LLC as the owner of record. For tax year 2026/27 the city values 11-58 Borden Avenue at $18 million and assesses it at $8.12 million. After phase-ins and exemptions its taxable value is $6.95 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 $753,553 a year before abatements, roughly $5.52 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: 51-02 21ST REALTY, LLC
Tax class: Class 4 (commercial and industrial)
City market value: $18,044,000
Land market value: $1,702,000
Assessed value: $8,119,800
Taxable value (phased in): $6,946,470
Estimated yearly tax: About $753,553
Tax per SF of floor area: About $5.52

City market value by tax year

2022/23$13.5 million
2023/24$14.3 million
2024/25$14.8 million
2025/26$16.5 million
2026/27$18 million

Market value rose 33% from 2022/23 ($13.5 million) to 2026/27.

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

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How to find who owns any NYC building

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 2026-10-16; 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

Last sale (deed date): July 16, 2013
Price: $16,500,000
Price per SF of floor area: About $121
Seller: BORDEN INDUSTRIAL LLC
Buyer: 51-02 21ST REALTY, LLC
Deed recorded: April 23, 2014
ACRIS document: 2013072900112003

All 45 building sales in Long Island City since 2016

Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-16; 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.

NYC Department of Buildings permits

Work permits and build-outs

New jobs, last 12 months: 0
Initial permits, last 12 months: 0
Newest job first permitted: July 2025
Interior build-outs, last 24 months: 0
Facade and sidewalk jobs, last 24 months: 1
Sidewalk shed permit: Active until Nov 17, 2026

New jobs by year

20214
20221
20230
20240
20252
2026 to date0

Build-outs across Long Island City Where NYC offices are being built out

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). 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.

No industrial and storage space listed in Long Island City yet

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Questions about 11-58 Borden Avenue

How big is 11-58 Borden Avenue?

11-58 Borden Avenue has about 137,000 square feet of floor area in total, including 137,000 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 11-58 Borden Avenue built?

City records list 1916 as the year built. The building is 7 floors tall.

What other addresses does 11-58 Borden Avenue have?

City records list 51-02 to 51-12 21st Street and 11-47 Borden Avenue on the same tax lot (BBL 4000390182) as 11-58 Borden Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 11-58 Borden Avenue?

11-58 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 11-58 Borden Avenue, Long Island City, NY 11101.

What is the zoning at 11-58 Borden Avenue?

The lot is in the M3-2 zoning district. PLUTO lists a built floor area ratio (FAR) of 4.81 and a maximum commercial FAR of 2 for this lot.

What subway station is closest to 11-58 Borden Avenue?

The closest subway station to 11-58 Borden Avenue is Hunters Point Av (the 7 train), about 600 feet away in a straight line, roughly 2 minutes on foot. Also nearby: Vernon Blvd-Jackson Av (the 7 train), 4 min walk; 21 St (the G train), 5 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 11-58 Borden Avenue?

The NYC Department of Finance's 2026/27 assessment roll lists 51-02 21ST REALTY, LLC as the owner of record of 11-58 Borden Avenue (BBL 4000390182). 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 11-58 Borden Avenue last sold?

11-58 Borden Avenue last sold in July 2013 for $16.5 million, according to the deed recorded with the city. BORDEN INDUSTRIAL LLC sold it to 51-02 21ST REALTY, LLC. That comes to about $121 per square foot of floor area. The deed is ACRIS document 2013072900112003 (BBL 4000390182) 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.

Is there construction at 11-58 Borden Avenue?

The Department of Buildings issued no permits for new jobs at 11-58 Borden Avenue in the 12 months to October 2026; the last one was first permitted in July 2025. A sidewalk shed permit here is active until November 17, 2026. These are the Department of Buildings' DOB NOW work permits for tax lot 4000390182. 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 11-58 Borden Avenue?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $6.95 million for 11-58 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 $753,553 a year, roughly $5.52 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4000390182 show the actual bill.

What is the assessed value of 11-58 Borden Avenue?

For tax year 2026/27, the NYC Department of Finance puts the market value of 11-58 Borden Avenue at $18 million ($1.7 million of it land) and its assessed value at $8.12 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 33% from 2022/23 ($13.5 million) to 2026/27.

Is there industrial and storage space for lease at 11-58 Borden Avenue?

No space at 11-58 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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