Factory and industrial building · Richmond Hill, Queens
131-11 Atlantic Avenue
Richmond Hill, NY 11418
131-11 Atlantic Avenue is a 4-floor factory and industrial building in Richmond Hill, Queens, built in 1931, with about 170,000 square feet of industrial and storage space according to city records.
- Industrial and storage space
- 170K SF
- Floors
- 4
- Year built
- 1931
- Zoning
- M1-1
The largest of the 9 industrial and storage buildings we track in Richmond Hill. Compare it with 6 neighbors
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Compared with its neighbors
How 131-11 Atlantic Avenue compares
Next to the 6 nearest large industrial and storage buildings, all within a 11 minute walk, 131-11 Atlantic Avenue is the largest by industrial and storage floor area. It went up in 1931; the median neighbor dates from 1930. Its estimated property tax, about $2.76 a square foot of floor area before abatements, is below the neighbors' median of $5.42.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 131-11 Atlantic Avenue | 170K SF | 4 | 1931 | $2.76 | n/a |
| 130-11 Atlantic Avenue | 45K SF | 3 | 1930 | $3.86 | Feb 2010, $3.5M |
| 93-30 Van Wyck Expressway | 47K SF | 6 | 1928 | $8.17 | n/a |
| 93-38 Van Wyck Expressway | 41K SF | 6 | 1928 | $6.23 | n/a |
| 138-54 94th Avenue | 143K SF | 3 | 1930 | $4.61 | Aug 2014, $8.3M |
| 87-46 123rd Street | 138K SF | 3 | 1931 | Exempt | Jun 2017, $18.1M |
| 144-17 91st Avenue | 81K SF | 2 | 1950 | Exempt | n/a |
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
- 11418
- Building type
- Factory and industrial building (city class F2)
- Total floor area
- 170,080 SF
- Commercial floor area
- 170,080 SF
- Industrial and storage
- 170,080 SF
- Height
- 4 floors
- Average floor
- About 42,500 SF (floor area divided by floors)
- Year built
- 1931
- Lot area
- 77,117 SF
- Zoning district
- M1-1
- Built FAR
- 2.21
- Max commercial FAR
- 1
- Tax lot (BBL)
- 4093750272
Nearest subway
- Jamaica-Van Wyck
- Sutphin Blvd-Archer Av-JFK Airport
- 121 St
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 131-11 ATLANTIC REAL ESTATE INC as the owner of record. For tax year 2026/27 the city values 131-11 Atlantic Avenue at $10.4 million and assesses it at $4.68 million. After phase-ins and exemptions its taxable value is $4.33 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 $469,649 a year before abatements, roughly $2.76 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
- 131-11 ATLANTIC REAL ESTATE INC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $10,410,000
- Land market value
- $3,085,000
- Assessed value
- $4,684,500
- Taxable value (phased in)
- $4,329,360
- Estimated yearly tax
- About $469,649
- Tax per SF of floor area
- About $2.76
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 score, grade and emissions
131-11 Atlantic Avenue reported an ENERGY STAR score of 59 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a C (55 to 69). Its site energy use came to 30.9 kBtu per square foot, 16% below the national median of 36.9 for a similar property. Its greenhouse gas emissions were about 343 metric tons of CO2e (2.02 kg per square foot).
- ENERGY STAR score (2024)
- 59 of 100
- Grade this score earns (Local Law 33)
- C (55 to 69)
- Property type (Portfolio Manager)
- Distribution Center
- Site energy use intensity
- 30.9 kBtu/SF
- National median for the type
- 36.9 kBtu/SF
- Greenhouse gas emissions
- 343 t CO2e
- Emissions per SF
- 2.02 kg CO2e
- Floor area in the filing
- 170,080 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 2026-10-16; 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.
Local Law 97 of 2019, estimated
Local Law 97 emissions limit
At its 2024 energy use, 131-11 Atlantic Avenue comes to about 312 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,018 tons for 2024 to 2029 (31% of the limit), so it would owe no penalty. From 2030 the limit drops to 178 tons and the same energy use counts as about 268 tons, about 89 tons over, or an estimated $24,000 a year unless the building cuts its emissions.
- Period
- 2024 to 2029
- Emissions limit
- 1,018 t CO2e
- Estimated emissions
- 312 t CO2e
- Under the limit by
- 706 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 178 t CO2e
- Estimated emissions
- 268 t CO2e
- Over the limit by
- 89 t CO2e
- Estimated penalty a year
- $24,000
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Distribution Center 147,403 SF; Manufacturing/Industrial Plant 22,677 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.
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Before you sign
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Questions about 131-11 Atlantic Avenue
How big is 131-11 Atlantic Avenue?
131-11 Atlantic Avenue has about 170,000 square feet of floor area in total, including 170,000 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 131-11 Atlantic Avenue built?
City records list 1931 as the year built. The building is 4 floors tall.
What is the ZIP code of 131-11 Atlantic Avenue?
131-11 Atlantic Avenue is in ZIP code 11418, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 131-11 Atlantic Avenue, Richmond Hill, NY 11418.
What is the zoning at 131-11 Atlantic Avenue?
The lot is in the M1-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 2.21 and a maximum commercial FAR of 1 for this lot.
What subway station is closest to 131-11 Atlantic Avenue?
The closest subway station to 131-11 Atlantic Avenue is Jamaica-Van Wyck (the E train), about 0.4 miles away in a straight line, roughly 8 minutes on foot. The MTA lists it as an accessible station. Also nearby: Sutphin Blvd-Archer Av-JFK Airport (the E, J and Z trains), 12 min walk; 121 St (the J and Z trains), 12 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 131-11 Atlantic Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists 131-11 ATLANTIC REAL ESTATE INC as the owner of record of 131-11 Atlantic Avenue (BBL 4093750272). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
What is the energy grade of 131-11 Atlantic Avenue?
131-11 Atlantic Avenue reported an ENERGY STAR score of 59 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 59 earns a C. 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 30.9 kBtu per square foot, 16% below the national median of 36.9 for a similar property. Its greenhouse gas emissions were about 343 metric tons of CO2e (2.02 kg per square foot).
Does 131-11 Atlantic Avenue meet Local Law 97?
At its 2024 energy use, 131-11 Atlantic Avenue comes to about 312 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,018 tons for 2024 to 2029 (31% of the limit), so it would owe no penalty. From 2030 the limit drops to 178 tons and the same energy use counts as about 268 tons, about 89 tons over, or an estimated $24,000 a year unless the building cuts its emissions. This is an estimate from the owner's 2024 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.
What are the property taxes at 131-11 Atlantic Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $4.33 million for 131-11 Atlantic Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $469,649 a year, roughly $2.76 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4093750272 show the actual bill.
What is the assessed value of 131-11 Atlantic Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 131-11 Atlantic Avenue at $10.4 million ($3.08 million of it land) and its assessed value at $4.68 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 15% from 2022/23 ($9.07 million) to 2026/27.
Is there industrial and storage space for lease at 131-11 Atlantic Avenue?
No space at 131-11 Atlantic 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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Richmond Hill
Transit hubs in Richmond Hill
- J at 121 St
- J at 111 St
- J at 104 St
- Van Wyck Expressway