32-35 48th Avenue

32-35 48th Avenue has about 206,000 square feet of floor area in total, including 20,000 square feet of office and 186,000 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 1964 as the year built, with a major alteration recorded in 2011. The building is 4 floors tall.

City records list 47-31 to 47-59 32nd Place, 47-34 to 47-60 33rd Street and 32-23 to 32-35 48th Avenue on the same tax lot (BBL 4002520001) as 32-35 48th Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

32-35 48th 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 32-35 48th Avenue, Long Island City, NY 11101.

The lot is in the M1-4 zoning district. PLUTO lists a built floor area ratio (FAR) of 3.32 and a maximum commercial FAR of 2 for this lot.

The closest subway station to 32-35 48th Avenue is 33 St-Rawson St (the 7 train), about 0.2 miles away in a straight line, roughly 5 minutes on foot. Also nearby: 40 St-Lowery St (the 7 train), 10 min walk; Queens Plaza (the E, F and R trains), 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 3300 PROPERTY LP as the owner of record of 32-35 48th Avenue (BBL 4002520001). 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.

32-35 48th 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 57.9 kBtu per square foot. Its greenhouse gas emissions were about 1,984 metric tons of CO2e (5.08 kg per square foot). The filing covers 2 tax lots together, so these figures are for the whole property.

In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 32-35 48th Avenue. In the last two years, interior work was permitted on the ground floor. The newest build-out, on the ground floor, was first permitted in January 2026 (mechanical; filed cost estimate $88,000). These are the Department of Buildings' DOB NOW work permits for tax lot 4002520001. 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 $8.6 million for 32-35 48th Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $932,913 a year, roughly $4.53 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4002520001 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of 32-35 48th Avenue at $21 million ($4.65 million of it land) and its assessed value at $9.46 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 19% from 2022/23 ($17.6 million) to 2026/27.

No space at 32-35 48th 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.