Warehouse · College Point, Queens
31-99 123rd Street
Flushing, NY 11354
31-99 123rd Street is a 2-floor warehouse in College Point, Queens, built in 1984, with about 40,000 square feet of industrial and storage space according to city records.
Also at 31-89 123rd Street and 123-02 31st Road.
- Industrial and storage space
- 40K SF
- Floors
- 2
- Year built
- 1984
- Zoning
- M2-1
The 18th largest of the 20 industrial and storage buildings we track in College Point. Compare it with 6 neighbors
No space at 31-99 123rd Street 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 College Point and hear the moment a tenant posts a requirement there. Manage or lease this building? Claim this page.
Print a one-page profile of this building for a tour book or a client proposal.
Compared with its neighbors
How 31-99 123rd Street compares
Next to the 6 nearest large industrial and storage buildings, all within a 8 minute walk, 31-99 123rd Street is the smallest by industrial and storage floor area. It went up in 1984; the median neighbor dates from 2004. Its estimated property tax, about $12.07 a square foot of floor area before abatements, is above the neighbors' median of $6.47.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 31-99 123rd Street | 40K SF | 2 | 1984 | $12.07 | Feb 2008, $9.1M |
| 125-12 31st Avenue | 54K SF | 2 | 2017 | $8.72 | n/a |
| 124-16 31st Avenue | 83K SF | 4 | 2010 | $6.31 | Nov 2018, $37M |
| 31-50 Whitestone Expressway | 69K SF | 6 | 2019 | $6.78 | Dec 2020, $90M (2 lots) |
| 31-05 College Point Boulevard | 182K SF | 3 | 1999 | Exempt | n/a |
| 31-40 Whitestone Expressway | 98K SF | 6 | 1920 | $6.47 | Dec 2020, $90M (2 lots) |
| 28-11 120th Street | 40K SF | 2 | 1956 | $1.83 | Jul 2007, $7.5M (4 lots) |
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); ACRIS for the last deed that moved the whole lot for a real price (a price for several lots is their combined price; condominiums sell by the unit and show n/a). 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
- 31-89 123rd Street; 123-02 31st Road
- ZIP code
- 11354
- Building type
- Warehouse (city class E1)
- Total floor area
- 82,000 SF
- Commercial floor area
- 82,000 SF
- Industrial and storage
- 40,000 SF
- Height
- 2 floors
- Year built
- 1984
- Last major alteration
- 1994
- Lot area
- 137,200 SF
- Zoning district
- M2-1
- Built FAR
- 0.6
- Max commercial FAR
- 2
- Tax lot (BBL)
- 4043920025
Nearest subway
- Mets-Willets Point
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-16. 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 123 PLAZA LLC as the owner of record. For tax year 2026/27 the city values 31-99 123rd Street at $22.6 million and assesses it at $10.2 million. After phase-ins and exemptions its taxable value is $9.12 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 $989,383 a year before abatements, roughly $12.07 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
- 123 PLAZA LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $22,641,000
- Land market value
- $3,361,000
- Assessed value
- $10,188,450
- Taxable value (phased in)
- $9,120,420
- Estimated yearly tax
- About $989,383
- Tax per SF of floor area
- About $12.07
City market value by tax year
Manage or lease this building? Claim this page. Requests are reviewed by hand.
How to find who owns any NYC buildingSource: 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 2026-10-16; 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 31-99 123rd Street? List a space here free and we match it against every active requirement. Renting it out yourself? Read the landlord's checklist.
NYC property records (ACRIS)
Sales history
31-99 123rd Street last sold in February 2008 for $9.07 million, according to the deed recorded with the city. PREMIER PROPERTIES, LLC sold it to 123 PLAZA LLC. That comes to about $111 per square foot of floor area.
- Last sale (deed date)
- February 14, 2008
- Price
- $9,067,114
- Price per SF of floor area
- About $111
- Seller
- PREMIER PROPERTIES, LLC
- Buyer
- 123 PLAZA LLC
- Deed recorded
- March 12, 2008
- ACRIS document
- 2008021500222001
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-16; prices as the deeds state them, names as recorded (companies and public bodies only). Shown are deeds that move the whole lot for a real price. Transfers between related companies for a nominal sum, sales of partial interests, land sales before the building went up and sales of the company that owns a building are left out.
No industrial and storage space listed in College Point yet
Own or broker space at 31-99 123rd Street? List it free: it shows on this page and is matched against every active requirement the day it goes up.
Before you sign
Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.
How much is commercial rent in NYC? Per square foot, by borough
What NYC office, retail and industrial buildings collect per square foot in each borough, from the city's own filings, with the monthly math and the costs on top of rent.
What does $/SF/yr mean? How to calculate rent per square foot
$/SF/yr is a year's rent for one square foot. How to turn it into a monthly bill, spot a monthly quote, and see what the rate leaves out before you compare spaces.
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.
Questions about 31-99 123rd Street
How big is 31-99 123rd Street?
31-99 123rd Street has about 82,000 square feet of floor area in total, including 40,000 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 31-99 123rd Street built?
City records list 1984 as the year built, with a major alteration recorded in 1994. The building is 2 floors tall.
What other addresses does 31-99 123rd Street have?
City records list 31-89 123rd Street and 123-02 31st Road on the same tax lot (BBL 4043920025) as 31-99 123rd Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 31-99 123rd Street?
31-99 123rd Street 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 31-99 123rd Street, Flushing, NY 11354, in College Point.
What is the zoning at 31-99 123rd Street?
The lot is in the M2-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.6 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 31-99 123rd Street?
The closest subway station to 31-99 123rd Street is Mets-Willets Point (the 7 train), about 0.9 miles away in a straight line, roughly 17 minutes on foot. Walking times are straight-line estimates; the street route is longer.
Who owns 31-99 123rd Street?
The NYC Department of Finance's 2026/27 assessment roll lists 123 PLAZA LLC as the owner of record of 31-99 123rd Street (BBL 4043920025). 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.
When was 31-99 123rd Street last sold?
31-99 123rd Street last sold in February 2008 for $9.07 million, according to the deed recorded with the city. PREMIER PROPERTIES, LLC sold it to 123 PLAZA LLC. That comes to about $111 per square foot of floor area. The deed is ACRIS document 2008021500222001 (BBL 4043920025) 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.
What are the property taxes at 31-99 123rd Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $9.12 million for 31-99 123rd Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $989,383 a year, roughly $12.07 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4043920025 show the actual bill.
What is the assessed value of 31-99 123rd Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 31-99 123rd Street at $22.6 million ($3.36 million of it land) and its assessed value at $10.2 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 44% from 2022/23 ($15.7 million) to 2026/27.
Is there industrial and storage space for lease at 31-99 123rd Street?
No space at 31-99 123rd 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.
2,723 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.
College Point
Transit hubs in College Point
- Q25 and Q65 buses
- Whitestone Expressway