33-02 48th Avenue

33-02 48th Avenue has about 121,000 square feet of floor area in total, including 12,000 square feet of office and 109,000 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 1926 as the year built, with a major alteration recorded in 2013. The building is 4 floors tall.

City records list 48-01 to 48-29 33rd Street, 48-02 to 48-30 34th Street and 33-02 to 33-20 48th Avenue on the same tax lot (BBL 4002550023) as 33-02 48th Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

33-02 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 33-02 48th Avenue, Long Island City, NY 11101.

The lot is in the M2-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 2.01 and a maximum commercial FAR of 2 for this lot.

The closest subway station to 33-02 48th 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: 40 St-Lowery St (the 7 train), 10 min walk; Queens Plaza (the E, F and R trains), 13 min walk. Walking times are straight-line estimates; the street route is longer.

The NYC Department of Finance's 2026/27 assessment roll lists NORTH RIVER I LLC as the owner of record of 33-02 48th Avenue (BBL 4002550023). 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.

33-02 48th Avenue reported an ENERGY STAR score of 70 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 70 earns a B. 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 55.4 kBtu per square foot, 32% below the national median of 81.1 for a similar property. Its greenhouse gas emissions were about 615 metric tons of CO2e (4.29 kg per square foot).

The Department of Buildings issued no permits for new jobs at 33-02 48th Avenue in the 12 months to October 2026; the last one was first permitted in June 2025. In the last two years, interior work was permitted on one floor (floor 2). The newest build-out, on floor 2, was first permitted in June 2025 (construction, plumbing; filed cost estimate $350,000). These are the Department of Buildings' DOB NOW work permits for tax lot 4002550023. 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 exemptions covering the whole taxable value of 33-02 48th Avenue, so there is no property tax on the roll to estimate. That is common for government, nonprofit and payment-in-lieu-of-taxes (PILOT) properties. The city's property tax records for BBL 4002550023 show what is actually billed.

For tax year 2026/27, the NYC Department of Finance puts the market value of 33-02 48th Avenue at $23.6 million ($3.6 million of it land) and its assessed value at $10.6 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 27% from 2022/23 ($18.6 million) to 2026/27.

No space at 33-02 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.