31-02 47th Avenue

31-02 47th Avenue has about 573,000 square feet of floor area in total, including 317,000 square feet of office, 53,000 square feet of retail and 181,000 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.

City records list 1922 as the year built, with a major alteration recorded in 2010. The building is 6 floors tall.

City records list 47-02 to 47-58 31st Place, 47-01 to 47-57 31st Street, 31-00 to 31-02 47th Avenue and 31-01 48th Avenue on the same tax lot (BBL 4002810001) as 31-02 47th Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

31-02 47th 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 31-02 47th Avenue, Long Island City, NY 11101.

The lot is in the M1-4 zoning district. PLUTO lists a built floor area ratio (FAR) of 4.78 and a maximum commercial FAR of 2 for this lot.

The closest subway station to 31-02 47th Avenue is 33 St-Rawson St (the 7 train), about 0.3 miles away in a straight line, roughly 6 minutes on foot. Also nearby: Queens Plaza (the E, F and R trains), 10 min walk; Court Sq (the 7, G, E and F trains, connected to Court Sq-23 St), 11 min walk. Walking times are straight-line estimates; the street route is longer.

The NYC Department of Finance's 2026/27 assessment roll lists 3100 47TH AVENUE PROPERTY INVESTORS III, LLC as the owner of record of 31-02 47th Avenue (BBL 4002810001). 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.

31-02 47th Avenue last sold in December 2016 for $257.5 million, according to the deed recorded with the city. JAMESTOWN 47TH AVENUE, L.P. sold it to 3100 47TH AVENUE PROPERTY INVESTORS III, LLC. That comes to about $449 per square foot of floor area. The deed is ACRIS document 2016122701601001 (BBL 4002810001) 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.

31-02 47th Avenue reported an ENERGY STAR score of 59 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 59 earns a C. 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 74.7 kBtu per square foot, 12% below the national median of 84.5 for a similar property. Its greenhouse gas emissions were about 3,630 metric tons of CO2e (6.18 kg per square foot).

In the 12 months to October 2026, the Department of Buildings issued first permits for 3 jobs at 31-02 47th Avenue. In the last two years, interior work was permitted on 5 floors (floors 1 to 5 and the cellar). The newest build-out, on floors 2 and 3, was first permitted in October 2026 (sprinklers; filed cost estimate $20,000). These are the Department of Buildings' DOB NOW work permits for tax lot 4002810001. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

The Department of Finance's 2026/27 assessment roll lists a taxable value of $38.3 million for 31-02 47th Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $4.16 million a year, roughly $7.25 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4002810001 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of 31-02 47th Avenue at $89.6 million ($13.2 million of it land) and its assessed value at $40.3 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 2% from 2022/23 ($91.3 million) to 2026/27.

Owners registered 3 storefronts at 31-02 47th Avenue for December 31, 2025, 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.

No space at 31-02 47th 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.