Self-storage building · Ridgewood, Queens
15-40 Covert Street
Ridgewood, NY 11385
15-40 Covert Street is a 3-floor self-storage building in Ridgewood, Queens, built in 1930, with about 101,000 square feet of industrial and storage space according to city records.
Also at 1540-1558 Covert Street.
- Industrial and storage space
- 101K SF
- Floors
- 3
- Year built
- 1930
- Zoning
- M1-4
The 3rd largest of the 6 industrial and storage buildings we track in Ridgewood. Compare it with 5 neighbors
No space at 15-40 Covert Street 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.
Compared with its neighbors
How 15-40 Covert Street compares
Next to the 5 nearest large industrial and storage buildings, all within a 10 minute walk, 15-40 Covert Street ranks 3rd of 6 by industrial and storage floor area. It went up in 1930; the median neighbor dates from 1930. Its estimated property tax, about $6.80 a square foot of floor area before abatements, is above the neighbors' median of $4.44.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 15-40 Covert Street | 101K SF | 3 | 1930 | $6.80 | May 2006, $19.9M (2 lots) |
| 10-19 Irving Avenue | 69K SF | 2 | 1928 | $4.44 | Nov 2013, $8M |
| 11-25 Wyckoff Avenue | 92K SF | 3 | 1930 | $4.88 | Dec 2010, $13.6M |
| 16-42 Weirfield Street | 51K SF | 2 | 1930 | $4.29 | n/a |
| 976 Cypress Avenue | 109K SF | 4 | 2017 | $8.40 | n/a |
| 59-10 Decatur Street | 216K SF | 5 | 1922 | $2.66 | 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 50,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other address
- 1540-1558 Covert Street
- ZIP code
- 11385
- Building type
- Self-storage building (city class E7)
- Total floor area
- 100,566 SF
- Commercial floor area
- 100,566 SF
- Industrial and storage
- 100,566 SF
- Height
- 3 floors
- Year built
- 1930
- Lot area
- 19,090 SF
- Zoning district
- M1-4
- Built FAR
- 5.27
- Max commercial FAR
- 2
- Tax lot (BBL)
- 4035400025
Nearest subway
- Halsey St
- Seneca Av
- Forest Av
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-09-30; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-09-30. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates.
NYC Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists WYCKOFF SELF STORAGE NYC, LLC as the owner of record. For tax year 2026/27 the city values 15-40 Covert Street at $17.3 million and assesses it at $7.78 million. After phase-ins and exemptions its taxable value is $6.31 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 $683,981 a year before abatements, roughly $6.80 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
- WYCKOFF SELF STORAGE NYC, LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $17,297,000
- Land market value
- $955,000
- Assessed value
- $7,783,650
- Taxable value (phased in)
- $6,305,130
- Estimated yearly tax
- About $683,981
- Tax per SF of floor area
- About $6.80
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 2026-09-30; 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
15-40 Covert Street last sold in May 2006 in a $19.9 million sale that covered 2 tax lots, this one among them, according to the deed recorded with the city. WYCKOFF SELF STORAGE LLC sold it to WYCKOFF SELF STORAGE NYC, LLC.
- Last sale (deed date)
- May 19, 2006
- Combined price
- $19,863,617 for 2 tax lots
- Seller
- WYCKOFF SELF STORAGE LLC
- Buyer
- WYCKOFF SELF STORAGE NYC, LLC
- Deed recorded
- June 5, 2006
- ACRIS document
- 2006053101394011
Recorded sales
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-09-30; 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; a price for several tax lots is the combined price, not this building's alone.
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Questions about 15-40 Covert Street
How big is 15-40 Covert Street?
15-40 Covert Street has about 101,000 square feet of floor area in total, including 101,000 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 15-40 Covert Street built?
City records list 1930 as the year built. The building is 3 floors tall.
What other addresses does 15-40 Covert Street have?
City records list 1540-1558 Covert Street on the same tax lot (BBL 4035400025) as 15-40 Covert Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 15-40 Covert Street?
15-40 Covert Street is in ZIP code 11385, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 15-40 Covert Street, Ridgewood, NY 11385.
What is the zoning at 15-40 Covert Street?
The lot is in the M1-4 zoning district. PLUTO lists a built floor area ratio (FAR) of 5.27 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 15-40 Covert Street?
The closest subway station to 15-40 Covert Street is Halsey St (the L train), about 350 feet away in a straight line, roughly 1 minute on foot. Also nearby: Seneca Av (the M train), 12 min walk; Forest Av (the M train), 14 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 15-40 Covert Street?
The NYC Department of Finance's 2026/27 assessment roll lists WYCKOFF SELF STORAGE NYC, LLC as the owner of record of 15-40 Covert Street (BBL 4035400025). 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.
When was 15-40 Covert Street last sold?
15-40 Covert Street last sold in May 2006 in a $19.9 million sale that covered 2 tax lots, this one among them, according to the deed recorded with the city. WYCKOFF SELF STORAGE LLC sold it to WYCKOFF SELF STORAGE NYC, LLC. The deed is ACRIS document 2006053101394011 (BBL 4035400025) 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 are the property taxes at 15-40 Covert Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $6.31 million for 15-40 Covert Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $683,981 a year, roughly $6.80 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4035400025 show the actual bill.
What is the assessed value of 15-40 Covert Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 15-40 Covert Street at $17.3 million ($955,000 of it land) and its assessed value at $7.78 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 40% from 2022/23 ($12.3 million) to 2026/27.
Is there industrial and storage space for lease at 15-40 Covert Street?
No space at 15-40 Covert Street 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.
Ridgewood
Transit hubs in Ridgewood
- M at Forest Av
- M at Seneca Av
- M at Fresh Pond Rd
- L at Halsey St