Want · Industrial
3PL operator needs last-mile warehouse
Posted by the tenant · Logistics
- Where
- South Bronx, Long Island City +1
- Size
- 15,000 to 30,000 SF
- Budget
- to $45/SF
- Move in
- Jan 2027
Loading dockDrive-in doors
Owners: got a fit?I have a fit
Factory and industrial building · Long Island City, Queens
21-22 40th Avenue
Long Island City, NY 11101
21-22 40th Avenue is a 6-floor factory and industrial building in Long Island City, Queens, built in 1911, with about 44,000 square feet of industrial and storage space according to city records.
Also at 40-08 22nd Street.
- Industrial and storage space
- 44K SF
- Floors
- 6
- Year built
- 1911
- Zoning
- M1-5A
The 77th largest of the 102 industrial and storage buildings we track in Long Island City. Compare it with 6 neighbors
No space at 21-22 40th 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 Long Island City and hear the moment a tenant posts a requirement there.
Print a one-page profile of this building for a tour book or a client proposal.
Compared with its neighbors
How 21-22 40th Avenue compares
Next to the 6 nearest large industrial and storage buildings, all within a 1 minute walk, 21-22 40th Avenue ranks 6th of 7 by industrial and storage floor area. Built in 1911, it is the oldest of them. Its estimated property tax, about $2.91 a square foot of floor area before abatements, is below the neighbors' median of $3.50.
| Building | Industrial and storage space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 21-22 40th Avenue | 44K SF | 6 | 1911 | $2.91 |
| 40-18 22nd Street | 51K SF | 5 | 1915 | $3.70 |
| 21-02 40th Avenue | 52K SF | 6 | 1912 | $2.37 |
| 40-24 22nd Street | 49K SF | 5 | 1913 | $2.42 |
| 22-14 40th Avenue | 39K SF | 6 | 1925 | $3.31 |
| 4031 22nd Street | 45K SF | 3 | 1922 | $5.85 |
| 40-36 22nd Street | 81K SF | 5 | 1913 | $4.61 |
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
- 40-08 22nd Street
- ZIP code
- 11101
- Building type
- Factory and industrial building (city class F1)
- Total floor area
- 43,588 SF
- Commercial floor area
- 43,588 SF
- Industrial and storage
- 43,588 SF
- Height
- 6 floors
- Average floor
- About 7,300 SF (floor area divided by floors)
- Year built
- 1911
- Lot area
- 10,000 SF
- Zoning district
- M1-5A
- Built FAR
- 4.36
- Max commercial FAR
- 5
- Tax lot (BBL)
- 4004100025
Nearest subway
- 21 St-Queensbridge
- Queensboro Plaza
- 39 Av-Dutch Kills
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 Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists 40-21 CORNERS, LLC as the owner of record. For tax year 2026/27 the city values 21-22 40th Avenue at $2.94 million and assesses it at $1.32 million. After phase-ins and exemptions its taxable value is $1.17 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 $126,961 a year before abatements, roughly $2.91 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
- 40-21 CORNERS, LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $2,936,000
- Land market value
- $750,000
- Assessed value
- $1,321,200
- Taxable value (phased in)
- $1,170,360
- Estimated yearly tax
- About $126,961
- Tax per SF of floor area
- About $2.91
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 21-22 40th Avenue? List a space here free and we match it against every active requirement.
NYC energy benchmarking (Local Law 84)
Energy use and emissions
21-22 40th 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. Its site energy use came to 20.5 kBtu per square foot. Its greenhouse gas emissions were about 60 metric tons of CO2e (1.38 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Manufacturing/Industrial Plant
- Site energy use intensity
- 20.5 kBtu/SF
- Greenhouse gas emissions
- 60 t CO2e
- Emissions per SF
- 1.38 kg CO2e
- Floor area in the filing
- 43,588 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 2026-10-09; 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, 21-22 40th Avenue comes to about 54 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 330 tons for 2024 to 2029 (16% of the limit), so it would owe no penalty. From 2030 the limit drops to 62 tons and the same energy use counts as about 45 tons, still under the limit.
- Period
- 2024 to 2029
- Emissions limit
- 330 t CO2e
- Estimated emissions
- 54 t CO2e
- Under the limit by
- 277 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 62 t CO2e
- Estimated emissions
- 45 t CO2e
- Under the limit by
- 16 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: Manufacturing/Industrial Plant 43,588 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.
Own or manage 21-22 40th Avenue? List a space here free and we match it against every active requirement.
What a requirement here looks like
No live requirements for industrial and storage space in Long Island City yet. These labeled examples show what tenants post. List a space in 21-22 40th Avenue and we match it against every new one automatically.
Want · Flex / Creative / Industrial
Content studio, flex space with freight
Posted by the tenant · Media
- Where
- Sunset Park, Garment District +1
- Size
- 5,000 to 10,000 SF
- Budget
- to $45/SF
- Move in
- Nov 2026
Freight elevatorHigh ceilings
Owners: got a fit?I have a fit
Before you sign
Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.
Tenant rep broker or going direct? Leasing in NYC
Should you hire a tenant rep broker or deal with landlords directly? Who pays commissions in NYC, what a tenant rep does, and how to choose one.
Gross vs net leases in NYC: what tenants actually pay
Gross, modified gross or triple net: how NYC leases split taxes, operating costs and electricity, what the asking rent leaves out, and how to compare two spaces fairly.
How to read a New York commercial lease, clause by clause
Walk through a New York commercial lease clause by clause: rent start, escalations, deposit and guaranty, use, alterations, subletting, default and the end of the term.
Questions about 21-22 40th Avenue
How big is 21-22 40th Avenue?
21-22 40th Avenue has about 44,000 square feet of floor area in total, including 44,000 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 21-22 40th Avenue built?
City records list 1911 as the year built. The building is 6 floors tall.
What other addresses does 21-22 40th Avenue have?
City records list 40-08 22nd Street on the same tax lot (BBL 4004100025) as 21-22 40th Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 21-22 40th Avenue?
21-22 40th 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 21-22 40th Avenue, Long Island City, NY 11101.
What is the zoning at 21-22 40th Avenue?
The lot is in the M1-5A zoning district. PLUTO lists a built floor area ratio (FAR) of 4.36 and a maximum commercial FAR of 5 for this lot.
What subway station is closest to 21-22 40th Avenue?
The closest subway station to 21-22 40th Avenue is 21 St-Queensbridge (the M train), about 650 feet away in a straight line, roughly 2 minutes on foot. The MTA lists it as an accessible station. Also nearby: Queensboro Plaza (the 7, N and W trains), 6 min walk; 39 Av-Dutch Kills (the N and W trains), 9 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 21-22 40th Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists 40-21 CORNERS, LLC as the owner of record of 21-22 40th Avenue (BBL 4004100025). 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 21-22 40th Avenue have an energy grade?
21-22 40th 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. Its site energy use came to 20.5 kBtu per square foot. Its greenhouse gas emissions were about 60 metric tons of CO2e (1.38 kg per square foot).
Does 21-22 40th Avenue meet Local Law 97?
At its 2024 energy use, 21-22 40th Avenue comes to about 54 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 330 tons for 2024 to 2029 (16% of the limit), so it would owe no penalty. From 2030 the limit drops to 62 tons and the same energy use counts as about 45 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.
What are the property taxes at 21-22 40th Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $1.17 million for 21-22 40th Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $126,961 a year, roughly $2.91 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4004100025 show the actual bill.
What is the assessed value of 21-22 40th Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 21-22 40th Avenue at $2.94 million ($750,000 of it land) and its assessed value at $1.32 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 27% from 2022/23 ($2.32 million) to 2026/27.
Is there industrial and storage space for lease at 21-22 40th Avenue?
No space at 21-22 40th 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.
2,492 buildings from city records
Look up another building
Size, owner of record and property tax, plus the last sale and energy grade where the city has them, for every large office, retail and industrial building we track. Type any address on the lot (like 350 Fifth Avenue), a building name, a street or a neighborhood.
Most searched building pages
- 48 West 38th StreetMidtown
- 30-30 Thomson AvenueLong Island City
- 117 Duane StreetTribeca
- One Bryant Park1111 Avenue of the Americas, Midtown
- 242 West 36th StreetGarment District
- 310 Hudson StreetHudson Square
- 101 Avenue of the AmericasHudson Square
- 45 Main StreetDumbo
Ranked by how often Google showed each page in search results, Sep 7 to Oct 4, 2026.
Long Island City
Transit hubs in Long Island City
- 7 at Court Sq
- E F at Court Sq-23 St
- N W at Queensboro Plaza