Factory and industrial building · Long Island City, Queens

22-14 40th Avenue

Long Island City, NY 11101

22-14 40th Avenue is a 6-floor factory and industrial building in Long Island City, Queens, built in 1925, with about 39,000 square feet of industrial and storage space according to city records.

Also at 40-02 to 40-10 23rd Street and 22-14 to 22-20 40th Avenue.

Industrial and storage space
39K SF
Floors
6
Year built
1925
Zoning
M1-4A

Industrial and storage space next to its nearest neighbors

  1. 4031 22nd Street1 min walk45K SF
  2. 21-22 40th Avenue1 min walk44K SF
  3. 22-14 40th AvenueThis building39K SF

The 90th largest of the 102 industrial and storage buildings we track in Long Island City. Compare it with 6 neighbors

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Compared with its neighbors

How 22-14 40th Avenue compares

Next to the 6 nearest large industrial and storage buildings, all within a 2 minute walk, 22-14 40th Avenue is the smallest by industrial and storage floor area. Built in 1925, it is the newest of them. Its estimated property tax, about $3.31 a square foot of floor area before abatements, is close to the neighbors' median of $3.30.

22-14 40th Avenue and the 6 nearest large industrial and storage buildings: size, floors, year built, estimated property tax per square foot
BuildingIndustrial and storage spaceFloorsBuiltTax / SF
22-14 40th AvenueThis building39K SF61925$3.31
21-22 40th Avenue1 min walk44K SF61911$2.91
4031 22nd Street1 min walk45K SF31922$5.85
40-18 22nd Street1 min walk51K SF51915$3.70
22-19 41st Avenue1 min walk72K SF71922$3.71
40-24 22nd Street1 min walk49K SF51913$2.42
21-02 40th Avenue2 min walk52K SF61912$2.37
The 90th largest of the 102 industrial and storage buildings we track in Long Island City: see the full list

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 addresses
40-02 to 40-10 23rd Street; 22-14 to 22-20 40th Avenue
ZIP code
11101
Building type
Factory and industrial building (city class F1)
Total floor area
39,000 SF
Commercial floor area
39,000 SF
Industrial and storage
39,000 SF
Height
6 floors
Average floor
About 6,500 SF (floor area divided by floors)
Year built
1925
Last major alteration
1995
Lot area
7,500 SF
Zoning district
M1-4A
Built FAR
5.2
Max commercial FAR
5
Tax lot (BBL)
4004090027

Nearest subway

  • 21 St-Queensbridge3 min walk · Accessible station
  • Queensboro Plaza5 min walk · Accessible station
  • 39 Av-Dutch Kills8 min walk · Not accessible

Nearby large buildings

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 2240 AVENUE CORP as the owner of record. For tax year 2026/27 the city values 22-14 40th Avenue at $2.97 million and assesses it at $1.34 million. After phase-ins and exemptions its taxable value is $1.19 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 $128,941 a year before abatements, roughly $3.31 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
2240 AVENUE CORP
Tax class
Class 4 (commercial and industrial)
City market value
$2,969,000
Land market value
$450,000
Assessed value
$1,336,050
Taxable value (phased in)
$1,188,620
Estimated yearly tax
About $128,941
Tax per SF of floor area
About $3.31

City market value by tax year

  • 2022/23$2.32 million
  • 2023/24$2.45 million
  • 2024/25$2.58 million
  • 2025/26$3.06 million
  • 2026/27$2.97 million

Market value rose 28% from 2022/23 ($2.32 million) to 2026/27.

How Long Island City compares: property tax per SF across NYC neighborhoodsEstimate this tax bill, or a tenant's share of it

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 22-14 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

22-14 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 8.2 kBtu per square foot. Its greenhouse gas emissions were about 34.2 metric tons of CO2e (0.86 kg per square foot).

ENERGY STAR score (2024)
None given
Property type (Portfolio Manager)
Manufacturing/Industrial Plant
Site energy use intensity
8.2 kBtu/SF
Greenhouse gas emissions
34.2 t CO2e
Emissions per SF
0.86 kg CO2e
Floor area in the filing
39,800 SF

Energy sources in 2024

  • Electricity83%
  • Natural gas17%

Share of the energy used on site, as filed.

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, 22-14 40th Avenue comes to about 26 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 380 tons for 2024 to 2029 (7% of the limit), so it would owe no penalty. From 2030 the limit drops to 175 tons and the same energy use counts as about 15 tons, still under the limit.

Period
2024 to 2029
Emissions limit
380 t CO2e
Estimated emissions
26 t CO2e
Under the limit by
354 t CO2e
Estimated penalty a year
None
Period
2030 to 2034
Emissions limit
175 t CO2e
Estimated emissions
15 t CO2e
Under the limit by
160 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: Laboratory 4,800 SF; Manufacturing/Industrial Plant 35,000 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.

Own or manage 22-14 40th 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 22-14 40th Avenue in the 12 months to October 2026; the last one was first permitted in March 2021.

New jobs, last 12 months
0
Initial permits, last 12 months
0
Newest job first permitted
March 2021
Interior build-outs, last 24 months
0

New jobs by year

  • 20211
  • 20220
  • 20230
  • 20240
  • 20250
  • 2026 to date0

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.

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 22-14 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.

All guides

Questions about 22-14 40th Avenue

How big is 22-14 40th Avenue?

22-14 40th Avenue has about 39,000 square feet of floor area in total, including 39,000 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 22-14 40th Avenue built?

City records list 1925 as the year built, with a major alteration recorded in 1995. The building is 6 floors tall.

What other addresses does 22-14 40th Avenue have?

City records list 40-02 to 40-10 23rd Street and 22-14 to 22-20 40th Avenue on the same tax lot (BBL 4004090027) as 22-14 40th Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 22-14 40th Avenue?

22-14 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 22-14 40th Avenue, Long Island City, NY 11101.

What is the zoning at 22-14 40th Avenue?

The lot is in the M1-4A zoning district. PLUTO lists a built floor area ratio (FAR) of 5.2 and a maximum commercial FAR of 5 for this lot.

What subway station is closest to 22-14 40th Avenue?

The closest subway station to 22-14 40th Avenue is 21 St-Queensbridge (the M train), about 850 feet away in a straight line, roughly 3 minutes on foot. The MTA lists it as an accessible station. Also nearby: Queensboro Plaza (the 7, N and W trains), 5 min walk; 39 Av-Dutch Kills (the N and W trains), 8 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 22-14 40th Avenue?

The NYC Department of Finance's 2026/27 assessment roll lists 2240 AVENUE CORP as the owner of record of 22-14 40th Avenue (BBL 4004090027). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.

Does 22-14 40th Avenue have an energy grade?

22-14 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 8.2 kBtu per square foot. Its greenhouse gas emissions were about 34.2 metric tons of CO2e (0.86 kg per square foot).

Does 22-14 40th Avenue meet Local Law 97?

At its 2024 energy use, 22-14 40th Avenue comes to about 26 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 380 tons for 2024 to 2029 (7% of the limit), so it would owe no penalty. From 2030 the limit drops to 175 tons and the same energy use counts as about 15 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 22-14 40th Avenue?

The Department of Buildings issued no permits for new jobs at 22-14 40th Avenue in the 12 months to October 2026; the last one was first permitted in March 2021. These are the Department of Buildings' DOB NOW work permits for tax lot 4004090027. 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 22-14 40th Avenue?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $1.19 million for 22-14 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 $128,941 a year, roughly $3.31 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4004090027 show the actual bill.

What is the assessed value of 22-14 40th Avenue?

For tax year 2026/27, the NYC Department of Finance puts the market value of 22-14 40th Avenue at $2.97 million ($450,000 of it land) and its assessed value at $1.34 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 28% from 2022/23 ($2.32 million) to 2026/27.

Is there industrial and storage space for lease at 22-14 40th Avenue?

No space at 22-14 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

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