Shopping center · College Point, Queens
25-03 Parsons Boulevard
Flushing, NY 11354
25-03 Parsons Boulevard is a 1-floor shopping center in College Point, Queens, built in 1964, with about 55,000 square feet of retail space according to city records.
Also at 144-01 to 144-29 25th Drive and 25-03 to 25-47 Parsons Boulevard.
- Retail space
- 55K SF
- Floors
- 1
- Year built
- 1964
- Zoning
- R4
The 5th largest of the 6 retail buildings we track in College Point. Compare it with 5 neighbors
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Compared with its neighbors
How 25-03 Parsons Boulevard compares
Next to the 5 nearest large retail buildings, all within a 20 minute walk, 25-03 Parsons Boulevard ranks 5th of 6 by retail floor area. Built in 1964, it is the oldest of them. Its estimated property tax, about $12.73 a square foot of floor area before abatements, is above the neighbors' median of $11.82.
| Building | Retail space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 25-03 Parsons Boulevard | 55K SF | 1 | 1964 | $12.73 |
| 139-15 20th Avenue | 77K SF | 1 | 1998 | $13.88 |
| 137-05 20th Avenue | 120K SF | 1 | 1998 | $10.86 |
| 135-05 20th Avenue | 140K SF | 1 | 1998 | $11.82 |
| 132-01 20th Avenue | 67K SF | 2 | 1992 | $15.08 |
| 132-07 14th Avenue | 50K SF | 1 | 1988 | $6.79 |
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
- 144-01 to 144-29 25th Drive; 25-03 to 25-47 Parsons Boulevard
- ZIP code
- 11354
- Building type
- Shopping center (city class K6)
- Total floor area
- 54,565 SF
- Commercial floor area
- 54,565 SF
- Retail
- 54,565 SF
- Height
- 1 floor
- Year built
- 1964
- Last major alteration
- 2014
- Lot area
- 142,444 SF
- Zoning district
- R4
- Built FAR
- 0.38
- Tax lot (BBL)
- 4047790009
Nearest subway
- Flushing-Main St
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 storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered 16 storefronts at 25-03 Parsons Boulevard for December 31, 2024, the newest annual filing the city has published, and none stood vacant that day.
- Storefronts registered for December 31, 2024
- 16
- Vacant that day
- 0
- Share vacant here
- 0.0%
- Share vacant across College Point
- 5.4%
- Share vacant citywide
- 8.7%
Vacant on December 31, by year
Need a storefront in College Point? Get matchedStorefront vacancy across New York City
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2024, pulled 2026-10-03. Owners of buildings with ground- or second-floor storefronts register each one every year with its status on December 31; counts are by tax lot, as the owners filed them. The 2024 filing was due June 3, 2025, so a storefront vacant then may have been leased since. A vacant storefront is not always on the market, and none here is listed on Leasemark unless it shows above.
NYC Department of Finance records
Property tax and assessed value
For tax year 2026/27 the city values 25-03 Parsons Boulevard at $14.9 million and assesses it at $6.72 million. After phase-ins and exemptions its taxable value is $6.4 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 $694,447 a year before abatements, roughly $12.73 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.
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $14,932,000
- Land market value
- $5,698,000
- Assessed value
- $6,719,400
- Taxable value (phased in)
- $6,401,610
- Estimated yearly tax
- About $694,447
- Tax per SF of floor area
- About $12.73
City market value by tax year
Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll), 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
25-03 Parsons Boulevard'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 243.5 kBtu per square foot, 5.5 times the national median of 44.5 for a similar property. Its greenhouse gas emissions were about 1,155 metric tons of CO2e (21.17 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Mixed Use Property
- Site energy use intensity
- 243.5 kBtu/SF
- National median for the type
- 44.5 kBtu/SF
- Greenhouse gas emissions
- 1,155 t CO2e
- Emissions per SF
- 21.17 kg CO2e
- Floor area in the filing
- 54,571 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 2026-10-03; 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 1 job at 25-03 Parsons Boulevard. In the last two years, interior work was permitted on one floor (floor 1 and the cellar). The newest build-out, on floor 1, was first permitted in November 2025 (construction, plumbing; filed cost estimate $76,000).
- New jobs, last 12 months
- 1
- Initial permits, last 12 months
- 2
- Newest job first permitted
- November 2025
- Interior build-outs, last 24 months
- 3
- Floors with interior work, last 24 months
- 1, cellar
Recent build-outs
New jobs by year
Build-outs across College PointWhere 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 25-03 Parsons Boulevard
How big is 25-03 Parsons Boulevard?
25-03 Parsons Boulevard has about 55,000 square feet of floor area in total, including 55,000 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 25-03 Parsons Boulevard built?
City records list 1964 as the year built, with a major alteration recorded in 2014. The building is 1 floor tall.
What other addresses does 25-03 Parsons Boulevard have?
City records list 144-01 to 144-29 25th Drive and 25-03 to 25-47 Parsons Boulevard on the same tax lot (BBL 4047790009) as 25-03 Parsons Boulevard. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 25-03 Parsons Boulevard?
25-03 Parsons Boulevard is in ZIP code 11354, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 25-03 Parsons Boulevard, Flushing, NY 11354, in College Point.
What is the zoning at 25-03 Parsons Boulevard?
The lot is in the R4 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.38 for this lot.
What subway station is closest to 25-03 Parsons Boulevard?
The closest subway station to 25-03 Parsons Boulevard is Flushing-Main St (the 7 train), about 1.2 miles away in a straight line, roughly 24 minutes on foot. The MTA lists it as an accessible station. Walking times are straight-line estimates; the street route is longer.
Does 25-03 Parsons Boulevard have an energy grade?
25-03 Parsons Boulevard'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 243.5 kBtu per square foot, 5.5 times the national median of 44.5 for a similar property. Its greenhouse gas emissions were about 1,155 metric tons of CO2e (21.17 kg per square foot).
Is there construction at 25-03 Parsons Boulevard?
In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 25-03 Parsons Boulevard. In the last two years, interior work was permitted on one floor (floor 1 and the cellar). The newest build-out, on floor 1, was first permitted in November 2025 (construction, plumbing; filed cost estimate $76,000). These are the Department of Buildings' DOB NOW work permits for tax lot 4047790009. 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 25-03 Parsons Boulevard?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $6.4 million for 25-03 Parsons Boulevard. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $694,447 a year, roughly $12.73 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4047790009 show the actual bill.
What is the assessed value of 25-03 Parsons Boulevard?
For tax year 2026/27, the NYC Department of Finance puts the market value of 25-03 Parsons Boulevard at $14.9 million ($5.7 million of it land) and its assessed value at $6.72 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 8% from 2022/23 ($13.8 million) to 2026/27.
Are there vacant storefronts at 25-03 Parsons Boulevard?
Owners registered 16 storefronts at 25-03 Parsons Boulevard for December 31, 2024, the newest annual filing the city has published, and none stood vacant that day. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront may have come free since. Owners and brokers can list a storefront on Leasemark for free.
Is there retail space for lease at 25-03 Parsons Boulevard?
No space at 25-03 Parsons Boulevard 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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Transit hubs in College Point
- Q25 and Q65 buses
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