Warehouse · College Point, Queens
128-28 25th Avenue
College Point, NY 11356
128-28 25th Avenue is a 1-floor warehouse in College Point, Queens, built in 1983, with about 85,000 square feet of industrial and storage space according to city records.
Also at 25-10 Ulmer Street.
- Industrial and storage space
- 85K SF
- Floors
- 1
- Year built
- 1983
- Zoning
- M2-1
The 6th largest of the 9 industrial and storage buildings we track in College Point. Compare it with 6 neighbors
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Compared with its neighbors
How 128-28 25th Avenue compares
Next to the 6 nearest large industrial and storage buildings, all within a 17 minute walk, 128-28 25th Avenue ranks 5th of 7 by industrial and storage floor area. It went up in 1983; the median neighbor dates from 1930. Its estimated property tax, about $7.32 a square foot of floor area before abatements, is above the neighbors' median of $4.81.
| Building | Industrial and storage space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 128-28 25th Avenue | 85K SF | 1 | 1983 | $7.32 |
| 25-70 Whitestone Expressway | 346K SF | 3 | 1994 | $6.55 |
| 15-54 18th Avenue | 80K SF | 2 | 1930 | $3.13 |
| 18-00 119th Street | 69K SF | 1 | 1931 | $4.25 |
| 131-21 14th Avenue | 176K SF | 2 | 2022 | $6.03 |
| 116-02 15th Avenue | 131K SF | 2 | 1916 | $5.37 |
| 114-02 15th Avenue | 124K SF | 3 | 1916 | $4.09 |
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). 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
- 25-10 Ulmer Street
- ZIP code
- 11356
- Building type
- Warehouse (city class E1)
- Total floor area
- 84,641 SF
- Commercial floor area
- 84,641 SF
- Industrial and storage
- 84,641 SF
- Height
- 1 floor
- Year built
- 1983
- Lot area
- 289,659 SF
- Zoning district
- M2-1
- Built FAR
- 0.29
- Max commercial FAR
- 2
- Tax lot (BBL)
- 4042730040
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 storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered 2 storefronts at 128-28 25th Avenue for December 31, 2024, the newest annual filing the city has published, and none stood vacant that day.
- Storefronts registered for December 31, 2024
- 2
- Vacant that day
- 0
- Share vacant across College Point
- 5.4%
- Share vacant citywide
- 8.7%
Vacant on December 31, by year
Need a storefront in College Point? Get matchedStorefront vacancy across New York City
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2024, pulled 2026-10-03. 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 2024 filing was due June 3, 2025, 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 NEW START ASSOCIATES as the owner of record. For tax year 2026/27 the city values 128-28 25th Avenue at $12.7 million and assesses it at $5.71 million. After phase-ins and exemptions its taxable value is $5.71 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 $619,475 a year before abatements, roughly $7.32 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
- NEW START ASSOCIATES
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $12,690,000
- Land market value
- $4,026,000
- Assessed value
- $5,710,500
- Estimated yearly tax
- About $619,475
- Tax per SF of floor area
- About $7.32
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 property records (ACRIS)
Sales history
128-28 25th Avenue last sold in June 2005 for $14.3 million, according to the deed recorded with the city. JACK & JOEL INCORPORATED sold it to NEW START ASSOCIATES, LLC. That comes to about $169 per square foot of floor area.
- Last sale (deed date)
- June 24, 2005
- Price
- $14,300,000
- Price per SF of floor area
- About $169
- Seller
- JACK & JOEL INCORPORATED
- Buyer
- NEW START ASSOCIATES, LLC
- Deed recorded
- September 9, 2005
- ACRIS document
- 2005062901198001
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-03; 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 energy benchmarking (Local Law 84)
Energy score, grade and emissions
128-28 25th Avenue reported an ENERGY STAR score of 83 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a B (70 to 84). Its site energy use came to 13 kBtu per square foot, less than half the national median of 27.4 for a similar property. Its greenhouse gas emissions were about 117 metric tons of CO2e (1.38 kg per square foot).
- ENERGY STAR score (2024)
- 83 of 100
- Grade this score earns (Local Law 33)
- B (70 to 84)
- Property type (Portfolio Manager)
- Non-Refrigerated Warehouse
- Site energy use intensity
- 13 kBtu/SF
- National median for the type
- 27.4 kBtu/SF
- Greenhouse gas emissions
- 117 t CO2e
- Emissions per SF
- 1.38 kg CO2e
- Floor area in the filing
- 84,641 SF
ENERGY STAR score by year
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 2026-10-03; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager. The grade is the one the filed score earns under the law's cutoffs; the Department of Buildings assigns the grade a building posts, which 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 128-28 25th Avenue. In the last two years, interior work was permitted on one floor (floor 1). The newest build-out, on floor 1, was first permitted in September 2026 (construction; filed cost estimate $694,000).
- New jobs, last 12 months
- 2
- Initial permits, last 12 months
- 4
- Newest job first permitted
- September 2026
- Interior build-outs, last 24 months
- 2
- Floors with interior work, last 24 months
- 1
Recent build-outs
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 128-28 25th Avenue
How big is 128-28 25th Avenue?
128-28 25th Avenue has about 85,000 square feet of floor area in total, including 85,000 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 128-28 25th Avenue built?
City records list 1983 as the year built. The building is 1 floor tall.
What other addresses does 128-28 25th Avenue have?
City records list 25-10 Ulmer Street on the same tax lot (BBL 4042730040) as 128-28 25th Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 128-28 25th Avenue?
128-28 25th 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 128-28 25th Avenue, College Point, NY 11356.
What is the zoning at 128-28 25th Avenue?
The lot is in the M2-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.29 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 128-28 25th Avenue?
The closest subway station to 128-28 25th Avenue is Flushing-Main St (the 7 train), about 1.2 miles away in a straight line, roughly 25 minutes on foot. The MTA lists it as an accessible station. Walking times are straight-line estimates; the street route is longer.
Who owns 128-28 25th Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists NEW START ASSOCIATES as the owner of record of 128-28 25th Avenue (BBL 4042730040). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
When was 128-28 25th Avenue last sold?
128-28 25th Avenue last sold in June 2005 for $14.3 million, according to the deed recorded with the city. JACK & JOEL INCORPORATED sold it to NEW START ASSOCIATES, LLC. That comes to about $169 per square foot of floor area. The deed is ACRIS document 2005062901198001 (BBL 4042730040) 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.
What is the energy grade of 128-28 25th Avenue?
128-28 25th Avenue reported an ENERGY STAR score of 83 for calendar year 2024 in its Local Law 84 benchmarking filing. Under Local Law 33, as amended by Local Law 95 of 2019, a score of 85 or higher earns an A, 70 to 84 a B, 55 to 69 a C and under 55 a D, so 83 earns a B. The Department of Buildings assigns the grade a building posts, so the posted label can differ if a filing was corrected. Its site energy use came to 13 kBtu per square foot, less than half the national median of 27.4 for a similar property. Its greenhouse gas emissions were about 117 metric tons of CO2e (1.38 kg per square foot).
Is there construction at 128-28 25th Avenue?
In the 12 months to October 2026, the Department of Buildings issued first permits for 2 jobs at 128-28 25th Avenue. In the last two years, interior work was permitted on one floor (floor 1). The newest build-out, on floor 1, was first permitted in September 2026 (construction; filed cost estimate $694,000). These are the Department of Buildings' DOB NOW work permits for tax lot 4042730040. 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 128-28 25th Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $5.71 million for 128-28 25th Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $619,475 a year, roughly $7.32 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4042730040 show the actual bill.
What is the assessed value of 128-28 25th Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 128-28 25th Avenue at $12.7 million ($4.03 million of it land) and its assessed value at $5.71 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 6% from 2022/23 ($13.5 million) to 2026/27.
Are there vacant storefronts at 128-28 25th Avenue?
Owners registered 2 storefronts at 128-28 25th Avenue for December 31, 2024, the newest annual filing the city has published, and none stood 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 128-28 25th Avenue?
No space at 128-28 25th 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