Warehouse · Springfield Gardens, Queens
151-02 132nd Avenue
Jamaica, NY 11434
151-02 132nd Avenue is a 2-floor warehouse in Springfield Gardens, Queens, built in 1987, with about 61,000 square feet of industrial and storage space according to city records.
Also at 151-02 to 151-24 132nd Avenue, 152-03 to 152-23 133rd Avenue and 132-02 to 132-06 Grannatt Place.
- Industrial and storage space
- 61K SF
- Floors
- 2
- Year built
- 1987
- Zoning
- M1-1
The 7th largest of the 11 industrial and storage buildings we track in Springfield Gardens. Compare it with 3 neighbors
No space at 151-02 132nd 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 Springfield Gardens and hear the moment a tenant posts a requirement there.
Compared with its neighbors
How 151-02 132nd Avenue compares
Next to the 3 nearest large industrial and storage buildings, all within a 18 minute walk, 151-02 132nd Avenue ranks 2nd of 4 by industrial and storage floor area. It went up in 1987; the median neighbor dates from 1988. Its estimated property tax, about $8.04 a square foot of floor area before abatements, is above the neighbors' median of $5.77.
| Building | Industrial and storage space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 151-02 132nd Avenue | 61K SF | 2 | 1987 | $8.04 |
| 152-02 Baisley Boulevard | 54K SF | 2 | 1988 | $7.96 |
| 153-44 South Conduit Avenue | 119K SF | 2 | 2022 | $5.77 |
| 168-27 Baisley Boulevard | 56K SF | 4 | 1966 | $4.30 |
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 addresses
- 151-02 to 151-24 132nd Avenue; 152-03 to 152-23 133rd Avenue; 132-02 to 132-06 Grannatt Place
- ZIP code
- 11434
- Building type
- Warehouse (city class E9)
- Total floor area
- 67,491 SF
- Commercial floor area
- 67,491 SF
- Office
- 6,911 SF
- Industrial and storage
- 60,580 SF
- Height
- 2 floors
- Year built
- 1987
- Lot area
- 68,030 SF
- Zoning district
- M1-1
- Built FAR
- 0.99
- Max commercial FAR
- 1
- Tax lot (BBL)
- 4121230001
Nearest subway
- Jamaica Center-Parsons/Archer
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 Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists TERRENO AIRGATE LLC as the owner of record. For tax year 2026/27 the city values 151-02 132nd Avenue at $12.5 million and assesses it at $5.64 million. After phase-ins and exemptions its taxable value is $5 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 $542,365 a year before abatements, roughly $8.04 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
- TERRENO AIRGATE LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $12,526,000
- Land market value
- $1,361,000
- Assessed value
- $5,636,700
- Taxable value (phased in)
- $4,999,680
- Estimated yearly tax
- About $542,365
- Tax per SF of floor area
- About $8.04
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 energy benchmarking (Local Law 84)
Energy use and emissions
151-02 132nd Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade.
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Mixed Use Property
- Floor area in the filing
- 69,144 SF
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.
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 151-02 132nd 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 February 2026 (sprinklers; filed cost estimate $5,000).
- New jobs, last 12 months
- 2
- Initial permits, last 12 months
- 2
- Newest job first permitted
- July 2026
- Interior build-outs, last 24 months
- 1
- Floors with interior work, last 24 months
- 1
Recent build-outs
New jobs by year
Build-outs across Springfield GardensWhere 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.
Before you sign
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Questions about 151-02 132nd Avenue
How big is 151-02 132nd Avenue?
151-02 132nd Avenue has about 67,000 square feet of floor area in total, including 7,000 square feet of office and 61,000 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 151-02 132nd Avenue built?
City records list 1987 as the year built. The building is 2 floors tall.
What other addresses does 151-02 132nd Avenue have?
City records list 151-02 to 151-24 132nd Avenue, 152-03 to 152-23 133rd Avenue and 132-02 to 132-06 Grannatt Place on the same tax lot (BBL 4121230001) as 151-02 132nd Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 151-02 132nd Avenue?
151-02 132nd Avenue is in ZIP code 11434, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 151-02 132nd Avenue, Jamaica, NY 11434, in Springfield Gardens.
What is the zoning at 151-02 132nd Avenue?
The lot is in the M1-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.99 and a maximum commercial FAR of 1 for this lot.
What subway station is closest to 151-02 132nd Avenue?
The closest subway station to 151-02 132nd Avenue is Jamaica Center-Parsons/Archer (the E, J and Z trains), about 2.3 miles away in a straight line, roughly 47 minutes on foot. The MTA lists it as an accessible station. Walking times are straight-line estimates; the street route is longer.
Who owns 151-02 132nd Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists TERRENO AIRGATE LLC as the owner of record of 151-02 132nd Avenue (BBL 4121230001). 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.
Does 151-02 132nd Avenue have an energy grade?
151-02 132nd Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade.
Is there construction at 151-02 132nd Avenue?
In the 12 months to October 2026, the Department of Buildings issued first permits for 2 jobs at 151-02 132nd 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 February 2026 (sprinklers; filed cost estimate $5,000). These are the Department of Buildings' DOB NOW work permits for tax lot 4121230001. 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 151-02 132nd Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $5 million for 151-02 132nd Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $542,365 a year, roughly $8.04 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4121230001 show the actual bill.
What is the assessed value of 151-02 132nd Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 151-02 132nd Avenue at $12.5 million ($1.36 million of it land) and its assessed value at $5.64 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 24% from 2022/23 ($10.1 million) to 2026/27.
Is there industrial and storage space for lease at 151-02 132nd Avenue?
No space at 151-02 132nd 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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Springfield Gardens
Transit hubs in Springfield Gardens
- LIRR at Locust Manor
- LIRR at Laurelton
- Nassau Expressway (the Conduit Avenues) and Belt Parkway to JFK