Warehouse · College Point, Queens

125-12 31st Avenue

Flushing, NY 11354

125-12 31st Avenue is a 2-floor warehouse in College Point, Queens, built in 2017, with about 54,000 square feet of industrial and storage space according to city records.

Industrial and storage space
54K SF
Floors
2
Year built
2017
Zoning
M2-1

Industrial and storage space next to its nearest neighbors

  1. 31-05 College Point Boulevard4 min walk182K SF
  2. 124-16 31st Avenue1 min walk83K SF
  3. 125-12 31st AvenueThis building54K SF
  4. 31-99 123rd Street3 min walk40K SF

The 13th 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 125-12 31st Avenue compares

Next to the 6 nearest large industrial and storage buildings, all within a 7 minute walk, 125-12 31st Avenue ranks 5th of 7 by industrial and storage floor area. It went up in 2017; the median neighbor dates from 1991. Its estimated property tax, about $8.72 a square foot of floor area before abatements, is above the neighbors' median of $6.47.

125-12 31st 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
125-12 31st AvenueThis building54K SF22017$8.72n/a
124-16 31st Avenue1 min walk83K SF42010$6.31Nov 2018, $37M
31-99 123rd Street3 min walk40K SF21984$12.07Feb 2008, $9.1M
31-05 College Point Boulevard4 min walk182K SF31999Exemptn/a
31-50 Whitestone Expressway5 min walk69K SF62019$6.78Dec 2020, $90M (2 lots)
31-40 Whitestone Expressway5 min walk98K SF61920$6.47Dec 2020, $90M (2 lots)
121-16 28th Avenue7 min walk43K SF21953$5.77n/a
The 13th largest of the 20 industrial and storage buildings we track in College Point: 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
11354
Building type
Warehouse (city class E1)
Total floor area
53,505 SF
Commercial floor area
53,505 SF
Industrial and storage
53,505 SF
Height
2 floors
Year built
2017
Lot area
155,200 SF
Zoning district
M2-1
Built FAR
0.34
Max commercial FAR
2
Tax lot (BBL)
4043810001

Nearest subway

  • Flushing-Main St19 min walk · Accessible station

Nearby large buildings

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; 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 NYC EDC as the owner of record. For tax year 2026/27 the city values 125-12 31st Avenue at $11 million and assesses it at $4.94 million. After phase-ins and exemptions its taxable value is $4.3 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 $466,408 a year before abatements, roughly $8.72 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
NYC EDC
Tax class
Class 4 (commercial and industrial)
City market value
$10,977,000
Land market value
$8,843,000
Assessed value
$4,939,650
Taxable value (phased in)
$4,299,480
Estimated yearly tax
About $466,408
Tax per SF of floor area
About $8.72

City market value by tax year

  • 2022/23$8.89 million
  • 2023/24$9.3 million
  • 2024/25$9.3 million
  • 2025/26$9.3 million
  • 2026/27$11 million

Market value rose 23% from 2022/23 ($8.89 million) to 2026/27.

How College Point compares: property tax per SF across NYC neighborhoodsEstimate this tax bill, or a tenant's share of itHow 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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Questions about 125-12 31st Avenue

How big is 125-12 31st Avenue?

125-12 31st Avenue has about 54,000 square feet of floor area in total, including 54,000 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 125-12 31st Avenue built?

City records list 2017 as the year built. The building is 2 floors tall.

What is the ZIP code of 125-12 31st Avenue?

125-12 31st 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 125-12 31st Avenue, Flushing, NY 11354, in College Point.

What is the zoning at 125-12 31st Avenue?

The lot is in the M2-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.34 and a maximum commercial FAR of 2 for this lot.

What subway station is closest to 125-12 31st Avenue?

The closest subway station to 125-12 31st Avenue is Flushing-Main St (the 7 train), about 0.9 miles away in a straight line, roughly 19 minutes on foot. The MTA lists it as an accessible station. Walking times are straight-line estimates; the street route is longer.

Who owns 125-12 31st Avenue?

The NYC Department of Finance's 2026/27 assessment roll lists NYC EDC as the owner of record of 125-12 31st Avenue (BBL 4043810001). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.

What are the property taxes at 125-12 31st Avenue?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $4.3 million for 125-12 31st Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $466,408 a year, roughly $8.72 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4043810001 show the actual bill.

What is the assessed value of 125-12 31st Avenue?

For tax year 2026/27, the NYC Department of Finance puts the market value of 125-12 31st Avenue at $11 million ($8.84 million of it land) and its assessed value at $4.94 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 23% from 2022/23 ($8.89 million) to 2026/27.

Is there industrial and storage space for lease at 125-12 31st Avenue?

No space at 125-12 31st 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.

2,723 buildings from city records

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College Point

Transit hubs in College Point

  • Q25 and Q65 buses
  • Whitestone Expressway

Next door