Warehouse · Long Island City, Queens
12-12 43rd Avenue
Long Island City, NY 11101
12-12 43rd Avenue is a 4-floor warehouse in Long Island City, Queens, built in 2009, with about 112,000 square feet of industrial and storage space according to city records.
Also at 12-16 43rd Avenue.
- Industrial and storage space
- 112K SF
- Floors
- 4
- Year built
- 2009
- Zoning
- M1-4A
The 26th 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 12-12 43rd Avenue compares
Next to the 6 nearest large industrial and storage buildings, all within a 2 minute walk, 12-12 43rd Avenue is the largest by industrial and storage floor area. Built in 2009, it is the newest of them. Its estimated property tax, about $2.50 a square foot of floor area before abatements, is below the neighbors' median of $6.58.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 12-12 43rd Avenue | 112K SF | 4 | 2009 | $2.50 | n/a |
| 43-10 21st Street | 37K SF | 2 | 1931 | $4.52 | Mar 2026, $14.5M |
| 42-45 12th Street | 41K SF | 6 | 1930 | $9.33 | Jul 2023, $12.4M |
| 11-49 44th Road | 35K SF | 3 | 1930 | $6.85 | n/a |
| 43-05 10th Street | 35K SF | 1 | 1930 | $8.03 | n/a |
| 21-11 44th Avenue | 37K SF | 3 | 1931 | $2.53 | n/a |
| 43-50 11th Street | 51K SF | 5 | 1960 | $6.31 | Jul 2007, $6M |
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
- 12-16 43rd Avenue
- ZIP code
- 11101
- Building type
- Warehouse (city class E1)
- Total floor area
- 112,447 SF
- Commercial floor area
- 112,447 SF
- Industrial and storage
- 112,447 SF
- Height
- 4 floors
- Average floor
- About 28,100 SF (floor area divided by floors)
- Year built
- 2009
- Lot area
- 81,500 SF
- Zoning district
- M1-4A
- Built FAR
- 1.38
- Max commercial FAR
- 5
- Tax lot (BBL)
- 4004430014
Nearest subway
- Court Sq-23 St
- 21 St-Queensbridge
- Queensboro Plaza
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 ROLEX LIC REALTY LLC as the owner of record. For tax year 2026/27 the city values 12-12 43rd Avenue at $24.2 million and assesses it at $10.9 million. After phase-ins and exemptions its taxable value is $2.59 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 $281,131 a year before abatements, roughly $2.50 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
- ROLEX LIC REALTY LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $24,234,000
- Land market value
- $4,483,000
- Assessed value
- $10,905,300
- Exemptions
- $8,313,750
- Estimated yearly tax
- About $281,131
- Tax per SF of floor area
- About $2.50
City market value by tax year
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How to find who owns any NYC buildingSource: 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 energy benchmarking (Local Law 84)
Energy use and emissions
12-12 43rd 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 80.4 kBtu per square foot, 2.1 times the national median of 38.8 for a similar property. Its greenhouse gas emissions were about 852 metric tons of CO2e (7.83 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Mixed Use Property
- Site energy use intensity
- 80.4 kBtu/SF
- National median for the type
- 38.8 kBtu/SF
- Greenhouse gas emissions
- 852 t CO2e
- Emissions per SF
- 7.83 kg CO2e
- Floor area in the filing
- 108,880 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 2026-10-16; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
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 13 jobs at 12-12 43rd Avenue. In the last two years, interior work was permitted on 4 floors (floors 1 and 3 to 5, the mezzanine and the penthouse). The newest build-out, on floors 4 and 5, was first permitted in July 2026 (construction; filed cost estimate $686,000). A sidewalk shed permit here is active until January 1, 2027.
- New jobs, last 12 months
- 13
- Initial permits, last 12 months
- 17
- Newest job first permitted
- July 2026
- Interior build-outs, last 24 months
- 8
- Floors with interior work, last 24 months
- 1 and 3 to 5, mezzanine, penthouse
- Facade and sidewalk jobs, last 24 months
- 7
- Sidewalk shed permit
- Active until Jan 1, 2027
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 2026-10-24 (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 12-12 43rd Avenue
How big is 12-12 43rd Avenue?
12-12 43rd Avenue has about 112,000 square feet of floor area in total, including 112,000 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 12-12 43rd Avenue built?
City records list 2009 as the year built. The building is 4 floors tall.
What other addresses does 12-12 43rd Avenue have?
City records list 12-16 43rd Avenue on the same tax lot (BBL 4004430014) as 12-12 43rd Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 12-12 43rd Avenue?
12-12 43rd 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 12-12 43rd Avenue, Long Island City, NY 11101.
What is the zoning at 12-12 43rd Avenue?
The lot is in the M1-4A zoning district. PLUTO lists a built floor area ratio (FAR) of 1.38 and a maximum commercial FAR of 5 for this lot.
What subway station is closest to 12-12 43rd Avenue?
The closest subway station to 12-12 43rd Avenue is Court Sq-23 St (the E, F, 7 and G trains, connected to Court Sq), about 0.2 miles away in a straight line, roughly 4 minutes on foot. The MTA lists it as partly accessible. Also nearby: 21 St-Queensbridge (the M train), 7 min walk; Queensboro Plaza (the 7, N and W trains), 7 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 12-12 43rd Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists ROLEX LIC REALTY LLC as the owner of record of 12-12 43rd Avenue (BBL 4004430014). 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.
Does 12-12 43rd Avenue have an energy grade?
12-12 43rd 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 80.4 kBtu per square foot, 2.1 times the national median of 38.8 for a similar property. Its greenhouse gas emissions were about 852 metric tons of CO2e (7.83 kg per square foot).
Is there construction at 12-12 43rd Avenue?
In the 12 months to October 2026, the Department of Buildings issued first permits for 13 jobs at 12-12 43rd Avenue. In the last two years, interior work was permitted on 4 floors (floors 1 and 3 to 5, the mezzanine and the penthouse). The newest build-out, on floors 4 and 5, was first permitted in July 2026 (construction; filed cost estimate $686,000). A sidewalk shed permit here is active until January 1, 2027. These are the Department of Buildings' DOB NOW work permits for tax lot 4004430014. 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 12-12 43rd Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $2.59 million for 12-12 43rd Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $281,131 a year, roughly $2.50 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4004430014 show the actual bill.
What is the assessed value of 12-12 43rd Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 12-12 43rd Avenue at $24.2 million ($4.48 million of it land) and its assessed value at $10.9 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 13% from 2022/23 ($27.8 million) to 2026/27.
Is there industrial and storage space for lease at 12-12 43rd Avenue?
No space at 12-12 43rd 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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