Office building with commercial space · Long Island City, Queens
21-02 49th Avenue
Long Island City, NY 11101
21-02 49th Avenue is a 7-floor office building with commercial space in Long Island City, Queens, built in 1916, with about 115,000 square feet of office space according to city records.
Also at 49-01 21st Street and 21-00 to 21-10 49th Avenue.
- Office space
- 115K SF
- Floors
- 7
- Year built
- 1916
- Zoning
- M1-4
The 26th largest of the 48 office buildings we track in Long Island City. Compare it with 6 neighbors
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Compared with its neighbors
How 21-02 49th Avenue compares
Next to the 6 nearest large office buildings, all within a 6 minute walk, 21-02 49th Avenue ranks 5th of 7 by office floor area. It went up in 1916; the median neighbor dates from 1930. Its estimated property tax, about $9.15 a square foot of floor area before abatements, is close to the neighbors' median of $9.33.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 21-02 49th Avenue | 115K SF | 7 | 1916 | $9.15 | Mar 2026, $28M |
| 21-01 51st Avenue | 46K SF | 3 | 1913 | $12.96 | n/a |
| 47-40 21st Street | 180K SF | 10 | 1930 | $9.89 | n/a |
| 21-09 Borden Avenue | 164K SF | 7 | 1930 | $8.78 | Dec 2025, $21.5M |
| 24-02 49th Avenue | 655K SF | 7 | 1928 | $0.96 | n/a |
| 25-20 Borden Avenue | 89K SF | 1 | 1952 | $4.96 | n/a |
| 25-11 49th Avenue | 193K SF | 9 | 2019 | $10.81 | Jan 2022, $82.5M |
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
- Other addresses
- 49-01 21st Street; 21-00 to 21-10 49th Avenue
- ZIP code
- 11101
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 129,087 SF
- Commercial floor area
- 129,087 SF
- Office
- 115,322 SF
- Retail
- 13,765 SF
- Height
- 7 floors
- Average floor
- About 18,400 SF (floor area divided by floors)
- Year built
- 1916
- Last major alteration
- 2017
- Lot area
- 22,525 SF
- Zoning district
- M1-4
- Built FAR
- 5.73
- Max commercial FAR
- 2
- Tax lot (BBL)
- 4000710001
Nearest subway
- Hunters Point Av
- 21 St
- Vernon Blvd-Jackson Av
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; 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 2100 49 AVE LLC as the owner of record. For tax year 2026/27 the city values 21-02 49th Avenue at $27.9 million and assesses it at $12.6 million. After phase-ins and exemptions its taxable value is $10.9 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 $1.18 million a year before abatements, roughly $9.15 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
- 2100 49 AVE LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $27,897,000
- Land market value
- $2,034,000
- Assessed value
- $12,553,650
- Taxable value (phased in)
- $10,888,410
- Estimated yearly tax
- About $1.18 million
- Tax per SF of floor area
- About $9.15
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.
Own or manage 21-02 49th Avenue? List a space here free and we match it against every active requirement. Renting it out yourself? Read the landlord's checklist.
NYC property records (ACRIS)
Sales history
21-02 49th Avenue last sold in March 2026 for $28 million, according to the deed recorded with the city. BRSP PARAGON LIC, LLC sold it to 2100 49 AVE LLC. That comes to about $217 per square foot of floor area.
- Last sale (deed date)
- March 9, 2026
- Price
- $28,000,000
- Price per SF of floor area
- About $217
- Seller
- BRSP PARAGON LIC, LLC
- Buyer
- 2100 49 AVE LLC
- Deed recorded
- March 18, 2026
- ACRIS document
- 2026031700959001
Recorded sales
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-16; 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 use and emissions
21-02 49th Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score, and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 33.3 kBtu per square foot, 41% below the national median of 56 for a similar property. Its greenhouse gas emissions were about 387 metric tons of CO2e (2.98 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 33.3 kBtu/SF
- National median for the type
- 56 kBtu/SF
- Greenhouse gas emissions
- 387 t CO2e
- Emissions per SF
- 2.98 kg CO2e
- Floor area in the filing
- 130,000 SF
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.
Local Law 97 of 2019, estimated
Local Law 97 emissions limit
At its 2024 energy use, 21-02 49th Avenue comes to about 310 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 985 tons for 2024 to 2029 (31% of the limit), so it would owe no penalty. From 2030 the limit drops to 350 tons and the same energy use counts as about 203 tons, still under the limit.
- Period
- 2024 to 2029
- Emissions limit
- 985 t CO2e
- Estimated emissions
- 310 t CO2e
- Under the limit by
- 676 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 350 t CO2e
- Estimated emissions
- 203 t CO2e
- Under the limit by
- 147 t CO2e
- Estimated penalty a year
- None
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Office 130,000 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.
Own or manage 21-02 49th Avenue? List a space here free and we match it against every active requirement.
NYC Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at 21-02 49th Avenue in the 12 months to October 2026; the last one was first permitted in March 2024.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- March 2024
- Interior build-outs, last 24 months
- 0
New jobs by year
Build-outs across Long Island CityWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). 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.
No office space listed in Long Island City yet
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Before you sign
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Questions about 21-02 49th Avenue
How big is 21-02 49th Avenue?
21-02 49th Avenue has about 129,000 square feet of floor area in total, including 115,000 square feet of office and 14,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 21-02 49th Avenue built?
City records list 1916 as the year built, with a major alteration recorded in 2017. The building is 7 floors tall.
What other addresses does 21-02 49th Avenue have?
City records list 49-01 21st Street and 21-00 to 21-10 49th Avenue on the same tax lot (BBL 4000710001) as 21-02 49th Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 21-02 49th Avenue?
21-02 49th Avenue is in ZIP code 11101, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 21-02 49th Avenue, Long Island City, NY 11101.
What is the zoning at 21-02 49th Avenue?
The lot is in the M1-4 zoning district. PLUTO lists a built floor area ratio (FAR) of 5.73 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 21-02 49th Avenue?
The closest subway station to 21-02 49th Avenue is Hunters Point Av (the 7 train), about 50 feet away in a straight line, roughly 1 minute on foot. Also nearby: 21 St (the G train), 3 min walk; Vernon Blvd-Jackson Av (the 7 train), 5 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 21-02 49th Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists 2100 49 AVE LLC as the owner of record of 21-02 49th Avenue (BBL 4000710001). 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 21-02 49th Avenue last sold?
21-02 49th Avenue last sold in March 2026 for $28 million, according to the deed recorded with the city. BRSP PARAGON LIC, LLC sold it to 2100 49 AVE LLC. That comes to about $217 per square foot of floor area. The deed is ACRIS document 2026031700959001 (BBL 4000710001) 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.
Does 21-02 49th Avenue have an energy grade?
21-02 49th Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score, and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 33.3 kBtu per square foot, 41% below the national median of 56 for a similar property. Its greenhouse gas emissions were about 387 metric tons of CO2e (2.98 kg per square foot).
Does 21-02 49th Avenue meet Local Law 97?
At its 2024 energy use, 21-02 49th Avenue comes to about 310 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 985 tons for 2024 to 2029 (31% of the limit), so it would owe no penalty. From 2030 the limit drops to 350 tons and the same energy use counts as about 203 tons, still under the limit. 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.
Is there construction at 21-02 49th Avenue?
The Department of Buildings issued no permits for new jobs at 21-02 49th Avenue in the 12 months to October 2026; the last one was first permitted in March 2024. These are the Department of Buildings' DOB NOW work permits for tax lot 4000710001. 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 21-02 49th Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $10.9 million for 21-02 49th Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.18 million a year, roughly $9.15 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4000710001 show the actual bill.
What is the assessed value of 21-02 49th Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 21-02 49th Avenue at $27.9 million ($2.03 million of it land) and its assessed value at $12.6 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 17% from 2022/23 ($23.9 million) to 2026/27.
Is there office space for lease at 21-02 49th Avenue?
No space at 21-02 49th 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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