Office building with commercial space · Flushing, Queens
37-16 Union Street
Flushing, NY 11354
37-16 Union Street is a 14-floor office building with commercial space in Flushing, Queens, built in 2024, with about 117,000 square feet of office space according to city records.
- Office space
- 117K SF
- Floors
- 14
- Year built
- 2024
- Zoning
- C4-4
The 3rd largest of the 13 office buildings we track in Flushing. Compare it with 6 neighbors
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Compared with its neighbors
How 37-16 Union Street compares
Next to the 6 nearest large office buildings, all within a 6 minute walk, 37-16 Union Street ranks 3rd of 7 by office floor area. Built in 2024, it is the newest of them. Its estimated property tax, about $1.07 a square foot of floor area before abatements, is below the neighbors' median of $11.53.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 37-16 Union Street | 117K SF | 14 | 2024 | $1.07 |
| 136-33 37th Avenue | 47K SF | 10 | 2007 | $10.78 |
| 38-25 Main Street | 198K SF | n/a | 2005 | $8.22 |
| 136-21 Roosevelt Avenue | 57K SF | 12 | 1922 | $12.42 |
| 39-01 Main Street | 54K SF | 6 | 1931 | $18.34 |
| 135-27 38th Avenue | 38K SF | 3 | 1949 | $12.28 |
| 41-61 Kissena Boulevard | 172K SF | 2 | 1973 | $8.20 |
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). 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
- ZIP code
- 11354
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 138,731 SF
- Commercial floor area
- 138,731 SF
- Office
- 116,731 SF
- Retail
- 22,000 SF
- Height
- 14 floors
- Average floor
- About 9,900 SF (floor area divided by floors)
- Year built
- 2024
- Lot area
- 10,608 SF
- Zoning district
- C4-4
- Built FAR
- 13.08
- Max commercial FAR
- 3.4
- Tax lot (BBL)
- 4049780046
Nearest subway
- Flushing-Main St
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; 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 ZL MACEDONIA OWNER LLC as the owner of record. For tax year 2026/27 the city values 37-16 Union Street at $3.04 million and assesses it at $1.37 million. After phase-ins and exemptions its taxable value is $1.37 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 $148,303 a year before abatements, roughly $1.07 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
- ZL MACEDONIA OWNER LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $3,038,000
- Land market value
- $3,038,000
- Assessed value
- $1,367,100
- Estimated yearly tax
- About $148,303
- Tax per SF of floor area
- About $1.07
City market value by tax year
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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.
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NYC Department of Buildings permits
Work permits and build-outs
In the 12 months to October 2026, the Department of Buildings issued first permits for 5 jobs at 37-16 Union Street. In the last two years, interior work was permitted on 14 floors (floors 1 to 14, the basement and the cellar). The newest build-out, on floors 1 to 14, the basement, the cellar and the roof, was first permitted in July 2025 (boiler; filed cost estimate $1,000).
- New jobs, last 12 months
- 5
- Initial permits, last 12 months
- 6
- Newest job first permitted
- October 2026
- Interior build-outs, last 24 months
- 1
- Floors with interior work, last 24 months
- 1 to 14, basement, cellar
- Facade and sidewalk jobs, last 24 months
- 10
Recent build-outs
New jobs by year
Build-outs across FlushingWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). A job counts once, when its first permit is issued; renewals are not new work. A build-out groups jobs on the same floors first permitted within 120 days of each other. Costs are the estimates filed with the jobs. Jobs filed before DOB NOW (in the older BIS system) are not counted. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
No office space listed in Flushing yet
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Before you sign
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Questions about 37-16 Union Street
How big is 37-16 Union Street?
37-16 Union Street has about 139,000 square feet of floor area in total, including 117,000 square feet of office and 22,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 37-16 Union Street built?
City records list 2024 as the year built. The building is 14 floors tall.
What is the ZIP code of 37-16 Union Street?
37-16 Union 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 37-16 Union Street, Flushing, NY 11354.
What is the zoning at 37-16 Union Street?
The lot is in the C4-4 zoning district. PLUTO lists a built floor area ratio (FAR) of 13.08 and a maximum commercial FAR of 3.4 for this lot.
What subway station is closest to 37-16 Union Street?
The closest subway station to 37-16 Union Street is Flushing-Main St (the 7 train), about 0.2 miles away in a straight line, roughly 4 minutes on foot. The MTA lists it as an accessible station. Walking times are straight-line estimates; the street route is longer.
Who owns 37-16 Union Street?
The NYC Department of Finance's 2026/27 assessment roll lists ZL MACEDONIA OWNER LLC as the owner of record of 37-16 Union Street (BBL 4049780046). 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.
Is there construction at 37-16 Union Street?
In the 12 months to October 2026, the Department of Buildings issued first permits for 5 jobs at 37-16 Union Street. In the last two years, interior work was permitted on 14 floors (floors 1 to 14, the basement and the cellar). The newest build-out, on floors 1 to 14, the basement, the cellar and the roof, was first permitted in July 2025 (boiler; filed cost estimate $1,000). These are the Department of Buildings' DOB NOW work permits for tax lot 4049780046. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
What are the property taxes at 37-16 Union Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $1.37 million for 37-16 Union Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $148,303 a year, roughly $1.07 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4049780046 show the actual bill.
What is the assessed value of 37-16 Union Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 37-16 Union Street at $3.04 million ($3.04 million of it land) and its assessed value at $1.37 million, the 45% of market value the city assesses for Class 4 property. The city's market value held steady from 2022/23 to 2026/27.
Is there office space for lease at 37-16 Union Street?
No space at 37-16 Union 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.
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Flushing
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