Warehouse · Long Island City, Queens

32-33 47th Avenue

Long Island City, NY 11101

32-33 47th Avenue is a 2-floor warehouse in Long Island City, Queens, built in 1947, with about 50,000 square feet of industrial and storage space according to city records.

Also at 45-41 to 45-53 32nd Place, 45-40 to 45-52 33rd Street and 32-27 to 32-45 47th Avenue.

Industrial and storage space: 50K SF
Floors: 2
Year built: 1947
Zoning: M1-4

Industrial and storage space next to its nearest neighbors

32-36 47th Avenue1 min walk184K SF
32-02 Queens Boulevard2 min walk149K SF
45-20 33rd Street1 min walk113K SF
32-33 47th AvenueThis building50K SF

The 69th 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 32-33 47th Avenue compares

Next to the 6 nearest large industrial and storage buildings, all within a 3 minute walk, 32-33 47th Avenue is the smallest by industrial and storage floor area. It went up in 1947; the median neighbor dates from 1952. Its estimated property tax, about $6.14 a square foot of floor area before abatements, is close to the neighbors' median of $5.85.

32-33 47th Avenue and the 6 nearest large industrial and storage buildings: size, floors, year built, estimated property tax per square foot and last sale
Building	Industrial and storage space	Floors	Built	Tax / SF	Last sale
32-33 47th AvenueThis building	50K SF	2	1947	$6.14	n/a
45-20 33rd Street1 min walk	113K SF	2	1962	Exempt	n/a
32-36 47th Avenue1 min walk	184K SF	3	1922	$4.51	n/a
32-02 Queens Boulevard2 min walk	149K SF	8	1931	$7.21	n/a
47-15 33rd Street2 min walk	100K SF	2	1943	Exempt	Feb 2006, $15.8M
32-35 48th Avenue2 min walk	186K SF	4	1964	$4.53	n/a
47-36 Van Dam Street3 min walk	75K SF	3	1964	$7.17	Sep 2003, $9M

The 69th 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); 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: 45-41 to 45-53 32nd Place; 45-40 to 45-52 33rd Street; 32-27 to 32-45 47th Avenue
ZIP code: 11101
Building type: Warehouse (city class E9)
Total floor area: 70,000 SF
Commercial floor area: 70,000 SF
Office: 20,000 SF
Industrial and storage: 50,000 SF
Height: 2 floors
Year built: 1947
Last major alteration: 2001
Lot area: 45,000 SF
Zoning district: M1-4
Built FAR: 1.56
Max commercial FAR: 2
Tax lot (BBL): 4002480001

Nearest subway

33 St-Rawson St3 min walk · Not accessible
40 St-Lowery St9 min walk · Not accessible
Queens Plaza10 min walk · Accessible station

Nearby large buildings

4725 34th Street290K SF industrial and storage · 3 floors · 3 min walk
47-51 33rd Street74K SF industrial and storage · 3 floors · 3 min walk
43-37 33rd Street43K SF industrial and storage · 5 floors · 3 min walk
31-02 47th Avenue317K SF office · 6 floors · 3 min walk
32-07 Queens Boulevard265K SF industrial and storage · 3 floors · 4 min walk
48-05 Van Dam Street38K SF industrial and storage · 1 floor · 4 min walk
43-20 34th Street47K SF industrial and storage · 4 floors · 4 min walk
33-02 48th Avenue109K SF industrial and storage · 4 floors · 4 min walk

All 14 large industrial buildings on 33rd Street

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 MODERN & CONTEMPORARY ART SUPPORT C as the owner of record. For tax year 2026/27 the city values 32-33 47th Avenue at $9.07 million and assesses it at $4.08 million. After phase-ins and exemptions its taxable value is $3.96 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 $429,883 a year before abatements, roughly $6.14 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: MODERN & CONTEMPORARY ART SUPPORT C
Tax class: Class 4 (commercial and industrial)
City market value: $9,066,000
Land market value: $2,700,000
Assessed value: $4,079,700
Taxable value (phased in): $3,962,790
Estimated yearly tax: About $429,883
Tax per SF of floor area: About $6.14

City market value by tax year

2022/23$8.68 million
2023/24$9.08 million
2024/25$8.51 million
2025/26$8.69 million
2026/27$9.07 million

Market value rose 4% from 2022/23 ($8.68 million) to 2026/27.

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

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How to find who owns any NYC building

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 2026-10-16; 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.

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NYC energy benchmarking (Local Law 84)

Energy use and emissions

32-33 47th 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 43.8 kBtu per square foot. Its greenhouse gas emissions were about 228 metric tons of CO2e (3.25 kg per square foot).

ENERGY STAR score (2024): None given
Property type (Portfolio Manager): Manufacturing/Industrial Plant
Site energy use intensity: 43.8 kBtu/SF
Greenhouse gas emissions: 228 t CO2e
Emissions per SF: 3.25 kg CO2e
Floor area in the filing: 70,000 SF

Energy sources in 2024

Natural gas66%
Electricity34%

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 2026-10-16; 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

Period: 2024 to 2029
Emissions limit: 531 t CO2e
Estimated emissions: 196 t CO2e
Under the limit by: 335 t CO2e
Estimated penalty a year: None

Period: 2030 to 2034
Emissions limit: 99 t CO2e
Estimated emissions: 152 t CO2e
Over the limit by: 52 t CO2e
Estimated penalty a year: $14,000

Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Manufacturing/Industrial Plant 70,000 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.

How Local Law 97 works: who is covered, the 2030 limits and what owners, tenants and buyers should check.

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Questions about 32-33 47th Avenue

How big is 32-33 47th Avenue?

32-33 47th Avenue has about 70,000 square feet of floor area in total, including 20,000 square feet of office and 50,000 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 32-33 47th Avenue built?

City records list 1947 as the year built, with a major alteration recorded in 2001. The building is 2 floors tall.

What other addresses does 32-33 47th Avenue have?

City records list 45-41 to 45-53 32nd Place, 45-40 to 45-52 33rd Street and 32-27 to 32-45 47th Avenue on the same tax lot (BBL 4002480001) as 32-33 47th Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 32-33 47th Avenue?

32-33 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 32-33 47th Avenue, Long Island City, NY 11101.

What is the zoning at 32-33 47th Avenue?

The lot is in the M1-4 zoning district. PLUTO lists a built floor area ratio (FAR) of 1.56 and a maximum commercial FAR of 2 for this lot.

What subway station is closest to 32-33 47th Avenue?

The closest subway station to 32-33 47th Avenue is 33 St-Rawson St (the 7 train), about 650 feet away in a straight line, roughly 3 minutes on foot. Also nearby: 40 St-Lowery St (the 7 train), 9 min walk; Queens Plaza (the E, F and R trains), 10 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 32-33 47th Avenue?

The NYC Department of Finance's 2026/27 assessment roll lists MODERN & CONTEMPORARY ART SUPPORT C as the owner of record of 32-33 47th Avenue (BBL 4002480001). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.

Does 32-33 47th Avenue have an energy grade?

Does 32-33 47th Avenue meet Local Law 97?

At its 2024 energy use, 32-33 47th Avenue comes to about 196 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 531 tons for 2024 to 2029 (37% of the limit), so it would owe no penalty. From 2030 the limit drops to 99 tons and the same energy use counts as about 152 tons, about 52 tons over, or an estimated $14,000 a year unless the building cuts its emissions. 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.

What are the property taxes at 32-33 47th Avenue?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $3.96 million for 32-33 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 $429,883 a year, roughly $6.14 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4002480001 show the actual bill.

What is the assessed value of 32-33 47th Avenue?

For tax year 2026/27, the NYC Department of Finance puts the market value of 32-33 47th Avenue at $9.07 million ($2.7 million of it land) and its assessed value at $4.08 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 4% from 2022/23 ($8.68 million) to 2026/27.

Is there industrial and storage space for lease at 32-33 47th Avenue?

No space at 32-33 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.

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