Factory and industrial building · College Point, Queens
121-16 28th Avenue
Flushing, NY 11354
121-16 28th Avenue is a 2-floor factory and industrial building in College Point, Queens, built in 1953, with about 43,000 square feet of industrial and storage space according to city records.
Also at 28-10 122nd Street and 120-20 to 120-30 28th Avenue.
- Industrial and storage space
- 43K SF
- Floors
- 2
- Year built
- 1953
- Zoning
- M2-1
The 16th largest of the 20 industrial and storage buildings we track in College Point. Compare it with 6 neighbors
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Compared with its neighbors
How 121-16 28th Avenue compares
Next to the 6 nearest large industrial and storage buildings, all within a 9 minute walk, 121-16 28th Avenue ranks 4th of 7 by industrial and storage floor area. Built in 1953, it is the oldest of them. Its estimated property tax, about $5.77 a square foot of floor area before abatements, is below the neighbors' median of $6.81.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 121-16 28th Avenue | 43K SF | 2 | 1953 | $5.77 | n/a |
| 28-11 120th Street | 40K SF | 2 | 1956 | $1.83 | Jul 2007, $7.5M (4 lots) |
| 124-16 31st Avenue | 83K SF | 4 | 2010 | $6.31 | Nov 2018, $37M |
| 128-15 26th Avenue | 37K SF | 1 | 1985 | $5.51 | n/a |
| 125-12 31st Avenue | 54K SF | 2 | 2017 | $8.72 | n/a |
| 31-99 123rd Street | 40K SF | 2 | 1984 | $12.07 | Feb 2008, $9.1M |
| 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 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other addresses
- 28-10 122nd Street; 120-20 to 120-30 28th Avenue
- ZIP code
- 11354
- Building type
- Factory and industrial building (city class F9)
- Total floor area
- 89,033 SF
- Commercial floor area
- 89,033 SF
- Industrial and storage
- 43,015 SF
- Height
- 2 floors
- Year built
- 1953
- Last major alteration
- 2017
- Lot area
- 40,001 SF
- Zoning district
- M2-1
- Built FAR
- 2.23
- Max commercial FAR
- 2
- Tax lot (BBL)
- 4043170001
Nearest subway
- Mets-Willets Point
Other ways around College Point
- Q25 and Q65 buses
- Whitestone Expressway
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 storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered one storefront at 121-16 28th Avenue for December 31, 2025, the newest annual filing the city has published, and it was not vacant that day.
- Storefronts registered for December 31, 2025
- 1
- Vacant that day
- 0
- Share vacant across College Point
- 3.3%
- Share vacant citywide
- 9.2%
Vacant on December 31, by year
Need a storefront in College Point? Get matchedNYC storefront vacancy report
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2025, pulled 2026-10-16. Owners of buildings with ground- or second-floor storefronts register each one every year with its status on December 31; counts are by tax lot, as the owners filed them. The 2025 filing was due June 1, 2026, so a storefront vacant then may have been leased since. A vacant storefront is not always on the market, and none here is listed on Leasemark unless it shows above.
NYC Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists BAO JIA HOLDING LLC as the owner of record. For tax year 2026/27 the city values 121-16 28th Avenue at $12 million and assesses it at $5.41 million. After phase-ins and exemptions its taxable value is $4.73 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 $513,539 a year before abatements, roughly $5.77 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
- BAO JIA HOLDING LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $12,014,000
- Land market value
- $2,275,000
- Assessed value
- $5,406,300
- Taxable value (phased in)
- $4,733,950
- Estimated yearly tax
- About $513,539
- Tax per SF of floor area
- About $5.77
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.
Own or manage 121-16 28th Avenue? List a space here free and we match it against every active requirement. Renting it out yourself? Read the landlord's checklist.
NYC energy benchmarking (Local Law 84)
Energy use and emissions
121-16 28th Avenue's 2023 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 19 kBtu per square foot. Its greenhouse gas emissions were about 170 metric tons of CO2e (1.9 kg per square foot).
- ENERGY STAR score (2023)
- None given
- Property type (Portfolio Manager)
- Manufacturing/Industrial Plant
- Site energy use intensity
- 19 kBtu/SF
- Greenhouse gas emissions
- 170 t CO2e
- Emissions per SF
- 1.9 kg CO2e
- Floor area in the filing
- 89,033 SF
Energy sources in 2023
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 (2023 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.
Local Law 97 of 2019, estimated
Local Law 97 emissions limit
At its 2023 energy use, 121-16 28th Avenue comes to about 135 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 675 tons for 2024 to 2029 (20% of the limit), so it would owe no penalty. From 2030 the limit drops to 126 tons and the same energy use counts as about 75 tons, still under the limit.
- Period
- 2024 to 2029
- Emissions limit
- 675 t CO2e
- Estimated emissions
- 135 t CO2e
- Under the limit by
- 540 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 126 t CO2e
- Estimated emissions
- 75 t CO2e
- Under the limit by
- 51 t CO2e
- Estimated penalty a year
- None
Estimated from the owner's 2023 Local Law 84 filing, which reports energy by source and floor area by use: Manufacturing/Industrial Plant 89,033 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.
How Local Law 97 works: who is covered, the 2030 limits and what owners, tenants and buyers should check.
Own or manage 121-16 28th 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 1 job at 121-16 28th Avenue.
- New jobs, last 12 months
- 1
- Initial permits, last 12 months
- 1
- Newest job first permitted
- March 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 2026-10-24 (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 College Point yet
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Before you sign
Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.
How much is commercial rent in NYC? Per square foot, by borough
What NYC office, retail and industrial buildings collect per square foot in each borough, from the city's own filings, with the monthly math and the costs on top of rent.
What does $/SF/yr mean? How to calculate rent per square foot
$/SF/yr is a year's rent for one square foot. How to turn it into a monthly bill, spot a monthly quote, and see what the rate leaves out before you compare spaces.
Tenant rep broker or going direct? Leasing in NYC
Should you hire a tenant rep broker or deal with landlords directly? Who pays commissions in NYC, what a tenant rep does, and how to choose one.
Questions about 121-16 28th Avenue
How big is 121-16 28th Avenue?
121-16 28th Avenue has about 89,000 square feet of floor area in total, including 43,000 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 121-16 28th Avenue built?
City records list 1953 as the year built, with a major alteration recorded in 2017. The building is 2 floors tall.
What other addresses does 121-16 28th Avenue have?
City records list 28-10 122nd Street and 120-20 to 120-30 28th Avenue on the same tax lot (BBL 4043170001) as 121-16 28th Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 121-16 28th Avenue?
121-16 28th Avenue is in ZIP code 11354, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 121-16 28th Avenue, Flushing, NY 11354, in College Point.
What is the zoning at 121-16 28th Avenue?
The lot is in the M2-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 2.23 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 121-16 28th Avenue?
No subway within a short walk of 121-16 28th Avenue: the nearest station is more than 1,600 meters away (about 20 minutes on foot before allowing for the street route). The closest subway station to 121-16 28th Avenue is Mets-Willets Point (the 7 train), about 1.3 miles away in a straight line; the street route is longer. Other ways around College Point: Q25 and Q65 buses; Whitestone Expressway. These are neighborhood connections, not directions from the building.
Who owns 121-16 28th Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists BAO JIA HOLDING LLC as the owner of record of 121-16 28th Avenue (BBL 4043170001). 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 121-16 28th Avenue have an energy grade?
121-16 28th Avenue's 2023 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 19 kBtu per square foot. Its greenhouse gas emissions were about 170 metric tons of CO2e (1.9 kg per square foot).
Does 121-16 28th Avenue meet Local Law 97?
At its 2023 energy use, 121-16 28th Avenue comes to about 135 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 675 tons for 2024 to 2029 (20% of the limit), so it would owe no penalty. From 2030 the limit drops to 126 tons and the same energy use counts as about 75 tons, still under the limit. This is an estimate from the owner's 2023 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 121-16 28th Avenue?
In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 121-16 28th Avenue. These are the Department of Buildings' DOB NOW work permits for tax lot 4043170001. 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 121-16 28th Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $4.73 million for 121-16 28th Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $513,539 a year, roughly $5.77 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4043170001 show the actual bill.
What is the assessed value of 121-16 28th Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 121-16 28th Avenue at $12 million ($2.27 million of it land) and its assessed value at $5.41 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 5% from 2022/23 ($11.5 million) to 2026/27.
Are there vacant storefronts at 121-16 28th Avenue?
Owners registered one storefront at 121-16 28th Avenue for December 31, 2025, the newest annual filing the city has published, and it was not vacant that day. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront may have come free since. Owners and brokers can list a storefront on Leasemark for free.
Is there industrial and storage space for lease at 121-16 28th Avenue?
No space at 121-16 28th 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