Office building · Flushing, Queens
135-27 38th Avenue
Flushing, NY 11354
135-27 38th Avenue is a 3-floor office building in Flushing, Queens, built in 1949, with about 38,000 square feet of office space according to city records.
Also at 135-21 to 135-27 38th Avenue.
- Office space
- 38K SF
- Floors
- 3
- Year built
- 1949
- Zoning
- C4-2
The 12th largest of the 12 office buildings we track in Flushing. Compare it with 6 neighbors
No space at 135-27 38th Avenue is listed on Leasemark yet. Own or broker space here? List it free and it is matched against every active requirement the day it goes up, or import a spreadsheet of up to 50 spaces at once. Nothing free right now? Get tenant alerts for Flushing and hear the moment a tenant posts a requirement there.
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Compared with its neighbors
How 135-27 38th Avenue compares
Next to the 6 nearest large office buildings, all within a 3 minute walk, 135-27 38th Avenue is the smallest by office floor area. It went up in 1949; the median neighbor dates from 2003. Its estimated property tax, about $12.28 a square foot of floor area before abatements, is above the neighbors' median of $10.50.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 135-27 38th Avenue | 38K SF | 3 | 1949 | $12.28 |
| 37-12 Prince Street | 85K SF | 14 | 2016 | $10.10 |
| 39-07 Prince Street | 39K SF | 6 | 2001 | $10.22 |
| 39-01 Main Street | 54K SF | 6 | 1931 | $18.34 |
| 38-25 Main Street | 198K SF | n/a | 2005 | $8.22 |
| 136-21 Roosevelt Avenue | 57K SF | 12 | 1922 | $12.42 |
| 136-33 37th Avenue | 47K SF | 10 | 2007 | $10.78 |
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 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other address
- 135-21 to 135-27 38th Avenue
- ZIP code
- 11354
- Building type
- Office building (city class O2)
- Total floor area
- 37,600 SF
- Commercial floor area
- 37,600 SF
- Office
- 37,600 SF
- Height
- 3 floors
- Average floor
- About 12,500 SF (floor area divided by floors)
- Year built
- 1949
- Last major alteration
- 2021
- Lot area
- 11,934 SF
- Zoning district
- C4-2
- Built FAR
- 3.15
- Max commercial FAR
- 3.4
- Tax lot (BBL)
- 4049740051
Nearest subway
- Flushing-Main St
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-05; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-05. 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 135-27 38th Avenue for December 31, 2024, the newest annual filing the city has published, and 1 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2019.
- Storefronts registered for December 31, 2024
- 2
- Vacant that day
- 1
- Share vacant across Flushing
- 7.1%
- Share vacant citywide
- 8.7%
Vacant on December 31, by year
Own or lease out a storefront at 135-27 38th Avenue? Listing it is free, and it is matched against every active requirement for retail space in Flushing the day it goes up.
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2024, pulled 2026-10-09. 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 JUYI, INC as the owner of record. For tax year 2026/27 the city values 135-27 38th Avenue at $9.74 million and assesses it at $4.38 million. After phase-ins and exemptions its taxable value is $4.26 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 $461,614 a year before abatements, roughly $12.28 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
- JUYI, INC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $9,736,000
- Land market value
- $878,000
- Assessed value
- $4,381,200
- Taxable value (phased in)
- $4,255,290
- Estimated yearly tax
- About $461,614
- Tax per SF of floor area
- About $12.28
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 2026-10-09; 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 135-27 38th 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 2 jobs at 135-27 38th Avenue. In the last two years, interior work was permitted on 2 floors (floors 2 and 3 and the cellar). The newest build-out, on the cellar and the roof, was first permitted in July 2026 (construction, mechanical; filed cost estimate $90,000).
- New jobs, last 12 months
- 2
- Initial permits, last 12 months
- 3
- Newest job first permitted
- July 2026
- Interior build-outs, last 24 months
- 3
- Floors with interior work, last 24 months
- 2 and 3, cellar
Recent build-outs
New jobs by year
Build-outs across FlushingWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-09 (permits issued through 2026-10-06). 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 135-27 38th Avenue
How big is 135-27 38th Avenue?
135-27 38th Avenue has about 38,000 square feet of floor area in total, including 38,000 square feet of office, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 135-27 38th Avenue built?
City records list 1949 as the year built, with a major alteration recorded in 2021. The building is 3 floors tall.
What other addresses does 135-27 38th Avenue have?
City records list 135-21 to 135-27 38th Avenue on the same tax lot (BBL 4049740051) as 135-27 38th Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 135-27 38th Avenue?
135-27 38th 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 135-27 38th Avenue, Flushing, NY 11354.
What is the zoning at 135-27 38th Avenue?
The lot is in the C4-2 zoning district. PLUTO lists a built floor area ratio (FAR) of 3.15 and a maximum commercial FAR of 3.4 for this lot.
What subway station is closest to 135-27 38th Avenue?
The closest subway station to 135-27 38th Avenue is Flushing-Main St (the 7 train), about 650 feet away in a straight line, roughly 2 minutes on foot. The MTA lists it as an accessible station. Walking times are straight-line estimates; the street route is longer.
Who owns 135-27 38th Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists JUYI, INC as the owner of record of 135-27 38th Avenue (BBL 4049740051). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
Is there construction at 135-27 38th Avenue?
In the 12 months to October 2026, the Department of Buildings issued first permits for 2 jobs at 135-27 38th Avenue. In the last two years, interior work was permitted on 2 floors (floors 2 and 3 and the cellar). The newest build-out, on the cellar and the roof, was first permitted in July 2026 (construction, mechanical; filed cost estimate $90,000). These are the Department of Buildings' DOB NOW work permits for tax lot 4049740051. 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 135-27 38th Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $4.26 million for 135-27 38th Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $461,614 a year, roughly $12.28 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4049740051 show the actual bill.
What is the assessed value of 135-27 38th Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 135-27 38th Avenue at $9.74 million ($878,000 of it land) and its assessed value at $4.38 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 37% from 2022/23 ($7.13 million) to 2026/27.
Are there vacant storefronts at 135-27 38th Avenue?
Owners registered 2 storefronts at 135-27 38th Avenue for December 31, 2024, the newest annual filing the city has published, and 1 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2019. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront vacant on December 31, 2024 may have been leased since. Owners and brokers can list a storefront on Leasemark for free.
Is there office space for lease at 135-27 38th Avenue?
No space at 135-27 38th 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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Flushing
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