Office building with commercial space · Astoria, Queens
23-25 31st Street
Queens, NY 11105
23-25 31st Street is an 8-floor office building with commercial space in Astoria, Queens, built in 2012, with about 45,000 square feet of office space according to city records.
- Office space
- 45K SF
- Floors
- 8
- Year built
- 2012
- Zoning
- C4-3
The 4th largest of the 6 office buildings we track in Astoria. Compare it with 6 neighbors
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Compared with its neighbors
How 23-25 31st Street compares
Next to the 6 nearest large commercial buildings, all within a 13 minute walk, 23-25 31st Street ranks 5th of 7 by commercial floor area. It went up in 2012; the median neighbor dates from 2014. Its estimated property tax, about $1.26 a square foot of floor area before abatements, is below the neighbors' median of $6.89.
| Building | Commercial space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 23-25 31st Street | 75K SF | 8 | 2012 | $1.26 |
| 22-11 31st Street | 84K SF | n/a | 2022 | $15.39 |
| 43-02 Ditmars Boulevard | 123K SF | 3 | 1926 | $6.53 |
| 31-21 Newtown Avenue | 74K SF | 10 | 2011 | $1.24 |
| 22-25 46th Street | 104K SF | 3 | 2018 | $5.68 |
| 31-07 20th Avenue | 174K SF | 4 | 2017 | $7.24 |
| 19-60 37th Street | 47K SF | 1 | 1972 | $7.37 |
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
- ZIP code
- 11105
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 75,191 SF
- Commercial floor area
- 75,191 SF
- Office
- 44,916 SF
- Height
- 8 floors
- Year built
- 2012
- Lot area
- 9,002 SF
- Zoning district
- C4-3
- Built FAR
- 8.35
- Max commercial FAR
- 3.4
- Tax lot (BBL)
- 4008350027
Nearest subway
- Astoria-Ditmars Blvd
- Astoria Blvd
- 30 Av
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-05; 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 PALI REALTY, LLC as the owner of record. For tax year 2026/27 the city values 23-25 31st Street at $13.1 million and assesses it at $5.89 million. After phase-ins and exemptions its taxable value is $876,600; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $95,094 a year before abatements, roughly $1.26 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
- PALI REALTY, LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $13,080,000
- Land market value
- $900,000
- Assessed value
- $5,886,000
- Taxable value (phased in)
- $5,733,000
- Exemptions
- $4,856,400
- Estimated yearly tax
- About $95,094
- Tax per SF of floor area
- About $1.26
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.
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NYC energy benchmarking (Local Law 84)
Energy score, grade and emissions
23-25 31st Street reported an ENERGY STAR score of 99 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns an A (85 or higher). Its site energy use came to 48.8 kBtu per square foot, less than half the national median of 104.1 for a similar property. Its greenhouse gas emissions were about 404 metric tons of CO2e (5.61 kg per square foot).
- ENERGY STAR score (2024)
- 99 of 100
- Grade this score earns (Local Law 33)
- A (85 or higher)
- Property type (Portfolio Manager)
- Medical Office
- Site energy use intensity
- 48.8 kBtu/SF
- National median for the type
- 104.1 kBtu/SF
- Greenhouse gas emissions
- 404 t CO2e
- Emissions per SF
- 5.61 kg CO2e
- Floor area in the filing
- 72,000 SF
ENERGY STAR score by year
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. The grade is the one the filed score earns under the law's cutoffs; the Department of Buildings assigns the grade a building posts, which can differ.
Local Law 97 of 2019, estimated
Local Law 97 emissions limit
At its 2024 energy use, 23-25 31st Street comes to about 297 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 761 tons for 2024 to 2029 (39% of the limit), so it would owe no penalty. From 2030 the limit drops to 209 tons and the same energy use counts as about 149 tons, still under the limit.
- Period
- 2024 to 2029
- Emissions limit
- 761 t CO2e
- Estimated emissions
- 297 t CO2e
- Under the limit by
- 464 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 209 t CO2e
- Estimated emissions
- 149 t CO2e
- Under the limit by
- 60 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 3,760 SF; Medical Office 68,240 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 23-25 31st Street? 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 23-25 31st Street in the 12 months to October 2026; the last one was first permitted in September 2025. In the last two years, interior work was permitted on one floor (floor 3). The newest build-out, on floor 3, was first permitted in September 2025 (construction, plumbing; filed cost estimate $210,000).
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 1
- Newest job first permitted
- September 2025
- Interior build-outs, last 24 months
- 1
- Floors with interior work, last 24 months
- 3
Recent build-outs
New jobs by year
Build-outs across AstoriaWhere NYC offices are being built out
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.
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Questions about 23-25 31st Street
How big is 23-25 31st Street?
23-25 31st Street has about 75,000 square feet of floor area in total, including 45,000 square feet of office, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 23-25 31st Street built?
City records list 2012 as the year built. The building is 8 floors tall.
What is the ZIP code of 23-25 31st Street?
23-25 31st Street is in ZIP code 11105, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 23-25 31st Street, Queens, NY 11105, in Astoria.
What is the zoning at 23-25 31st Street?
The lot is in the C4-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 8.35 and a maximum commercial FAR of 3.4 for this lot.
What subway station is closest to 23-25 31st Street?
The closest subway station to 23-25 31st Street is Astoria-Ditmars Blvd (the N and W trains), about 650 feet away in a straight line, roughly 2 minutes on foot. Also nearby: Astoria Blvd (the N and W trains), 7 min walk; 30 Av (the N and W trains), 13 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 23-25 31st Street?
The NYC Department of Finance's 2026/27 assessment roll lists PALI REALTY, LLC as the owner of record of 23-25 31st Street (BBL 4008350027). 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.
What is the energy grade of 23-25 31st Street?
23-25 31st Street reported an ENERGY STAR score of 99 for calendar year 2024 in its Local Law 84 benchmarking filing. Under Local Law 33, as amended by Local Law 95 of 2019, a score of 85 or higher earns an A, 70 to 84 a B, 55 to 69 a C and under 55 a D, so 99 earns an A. The Department of Buildings assigns the grade a building posts, so the posted label can differ if a filing was corrected. Its site energy use came to 48.8 kBtu per square foot, less than half the national median of 104.1 for a similar property. Its greenhouse gas emissions were about 404 metric tons of CO2e (5.61 kg per square foot).
Does 23-25 31st Street meet Local Law 97?
At its 2024 energy use, 23-25 31st Street comes to about 297 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 761 tons for 2024 to 2029 (39% of the limit), so it would owe no penalty. From 2030 the limit drops to 209 tons and the same energy use counts as about 149 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 23-25 31st Street?
The Department of Buildings issued no permits for new jobs at 23-25 31st Street in the 12 months to October 2026; the last one was first permitted in September 2025. In the last two years, interior work was permitted on one floor (floor 3). The newest build-out, on floor 3, was first permitted in September 2025 (construction, plumbing; filed cost estimate $210,000). These are the Department of Buildings' DOB NOW work permits for tax lot 4008350027. 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 23-25 31st Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $876,600 for 23-25 31st Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $95,094 a year, roughly $1.26 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4008350027 show the actual bill.
What is the assessed value of 23-25 31st Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 23-25 31st Street at $13.1 million ($900,000 of it land) and its assessed value at $5.89 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 7% from 2022/23 ($12.2 million) to 2026/27.
Is there office space for lease at 23-25 31st Street?
No space at 23-25 31st 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.
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