Factory and industrial building · College Point, Queens
116-02 15th Avenue
College Point, NY 11356
116-02 15th Avenue is a 2-floor factory and industrial building in College Point, Queens, built in 1916, with about 131,000 square feet of industrial and storage space according to city records.
Also at 114-04 to 114-08 15th Avenue.
- Industrial and storage space
- 131K SF
- Floors
- 2
- Year built
- 1916
- Zoning
- M2-1
The 4th largest of the 9 industrial and storage buildings we track in College Point. Compare it with 6 neighbors
No space at 116-02 15th Avenue is listed on Leasemark yet. Own or broker space here? List it free and it is matched against every active requirement the day it goes up, or import a spreadsheet of up to 50 spaces at once. Nothing free right now? Get tenant alerts for College Point and hear the moment a tenant posts a requirement there.
Compared with its neighbors
How 116-02 15th Avenue compares
Next to the 6 nearest large industrial and storage buildings, all within a 16 minute walk, 116-02 15th Avenue ranks 2nd of 7 by industrial and storage floor area. It went up in 1916; the median neighbor dates from 1945. Its estimated property tax, about $5.37 a square foot of floor area before abatements, is above the neighbors' median of $4.17.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 116-02 15th Avenue | 131K SF | 2 | 1916 | $5.37 | n/a |
| 114-02 15th Avenue | 124K SF | 3 | 1916 | $4.09 | n/a |
| 115-10 14th Road | 51K SF | 1 | 1960 | $3.64 | Aug 2021, $12M |
| 18-00 119th Street | 69K SF | 1 | 1931 | $4.25 | n/a |
| 112-02 15th Avenue | 158K SF | 1 | 1972 | $6.15 | n/a |
| 15-54 18th Avenue | 80K SF | 2 | 1930 | $3.13 | n/a |
| 128-28 25th Avenue | 85K SF | 1 | 1983 | $7.32 | Jun 2005, $14.3M |
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 50,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other address
- 114-04 to 114-08 15th Avenue
- ZIP code
- 11356
- Building type
- Factory and industrial building (city class F4)
- Total floor area
- 224,500 SF
- Commercial floor area
- 224,500 SF
- Office
- 93,861 SF
- Industrial and storage
- 130,639 SF
- Height
- 2 floors
- Year built
- 1916
- Last major alteration
- 2000
- Lot area
- 490,105 SF
- Zoning district
- M2-1
- Built FAR
- 0.46
- Max commercial FAR
- 2
- Tax lot (BBL)
- 4040780026
Nearest subway
- Flushing-Main St
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-03; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-03. 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 CANADA DRY BOTTLING CO as the owner of record. For tax year 2026/27 the city values 116-02 15th Avenue at $27 million and assesses it at $12.1 million. After phase-ins and exemptions its taxable value is $11.1 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 $1.21 million a year before abatements, roughly $5.37 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
- CANADA DRY BOTTLING CO
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $26,966,000
- Land market value
- $9,427,000
- Assessed value
- $12,134,700
- Taxable value (phased in)
- $11,117,160
- Estimated yearly tax
- About $1.21 million
- Tax per SF of floor area
- About $5.37
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 2026-10-03; 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.
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 2 jobs at 116-02 15th Avenue.
- New jobs, last 12 months
- 2
- Initial permits, last 12 months
- 8
- Newest job first permitted
- June 2026
- Interior build-outs, last 24 months
- 0
New jobs by year
Build-outs across College PointWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-03 (permits issued through 2026-10-01). 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 116-02 15th Avenue
How big is 116-02 15th Avenue?
116-02 15th Avenue has about 225,000 square feet of floor area in total, including 94,000 square feet of office and 131,000 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 116-02 15th Avenue built?
City records list 1916 as the year built, with a major alteration recorded in 2000. The building is 2 floors tall.
What other addresses does 116-02 15th Avenue have?
City records list 114-04 to 114-08 15th Avenue on the same tax lot (BBL 4040780026) as 116-02 15th Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 116-02 15th Avenue?
116-02 15th Avenue is in ZIP code 11356, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 116-02 15th Avenue, College Point, NY 11356.
What is the zoning at 116-02 15th Avenue?
The lot is in the M2-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.46 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 116-02 15th Avenue?
The closest subway station to 116-02 15th Avenue is Flushing-Main St (the 7 train), about 2.0 miles away in a straight line, roughly 40 minutes on foot. The MTA lists it as an accessible station. Walking times are straight-line estimates; the street route is longer.
Who owns 116-02 15th Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists CANADA DRY BOTTLING CO as the owner of record of 116-02 15th Avenue (BBL 4040780026). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
Is there construction at 116-02 15th Avenue?
In the 12 months to October 2026, the Department of Buildings issued first permits for 2 jobs at 116-02 15th Avenue. These are the Department of Buildings' DOB NOW work permits for tax lot 4040780026. 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 116-02 15th Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $11.1 million for 116-02 15th Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.21 million a year, roughly $5.37 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4040780026 show the actual bill.
What is the assessed value of 116-02 15th Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 116-02 15th Avenue at $27 million ($9.43 million of it land) and its assessed value at $12.1 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 18% from 2022/23 ($22.9 million) to 2026/27.
Is there industrial and storage space for lease at 116-02 15th Avenue?
No space at 116-02 15th 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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College Point
Transit hubs in College Point
- Q25 and Q65 buses
- Whitestone Expressway