Office building · Long Island City, Queens

37-24 24th Street

Long Island City, NY 11101

37-24 24th Street is a 3-floor office building in Long Island City, Queens, built in 1930, with about 113,000 square feet of office space according to city records.

Also at 37-21 to 37-25 23rd Street, 37-29 to 37-45 23rd Street, 37-18 to 37-44 24th Street, 23-01 to 23-07 38th Avenue and 1 more.

Office space
113K SF
Floors
3
Year built
1930
Zoning
M1-3

Office space next to its nearest neighbors

  1. 36-46 33rd Street8 min walk177K SF
  2. 37-24 24th StreetThis building113K SF
  3. 31-10 37th Avenue7 min walk87K SF
  4. 40-29 21st Street6 min walk64K SF

The 27th largest of the 48 office buildings we track in Long Island City. Compare it with 6 neighbors

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Compared with its neighbors

How 37-24 24th Street compares

Next to the 6 nearest large office buildings, all within a 9 minute walk, 37-24 24th Street ranks 5th of 7 by office floor area. It went up in 1930; the median neighbor dates from 1919. Its estimated property tax, about $1.66 a square foot of floor area before abatements, is below the neighbors' median of $6.97.

37-24 24th Street and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingOffice spaceFloorsBuiltTax / SFLast sale
37-24 24th StreetThis building113K SF31930$1.66Jan 2004, $6.7M (2 lots)
40-29 21st Street6 min walk64K SF61922$7.74n/a
31-10 37th Avenue7 min walk87K SF51930$3.96Aug 2005, $12M (2 lots)
36-46 33rd Street8 min walk177K SF51916$6.13n/a
41-21 27th Street8 min walk247K SF132002$7.32n/a
27-01 Queens Plaza North9 min walk337K SF71910$9.35n/a
30-30 Northern Boulevard9 min walk213K SF71917$6.62Jan 2011, $21.5M
The 27th largest of the 48 office 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
37-21 to 37-25 23rd Street; 37-29 to 37-45 23rd Street; 37-18 to 37-44 24th Street; 23-01 to 23-07 38th Avenue; 23-13 to 23-19 38th Avenue
ZIP code
11101
Building type
Office building (city class O2)
Total floor area
113,320 SF
Commercial floor area
113,320 SF
Office
113,320 SF
Height
3 floors
Average floor
About 37,800 SF (floor area divided by floors)
Year built
1930
Lot area
48,828 SF
Zoning district
M1-3
Built FAR
2.32
Max commercial FAR
5
Tax lot (BBL)
4003660001

Nearest subway

  • 39 Av-Dutch Kills7 min walk · Not accessible
  • 36 Av7 min walk · Not accessible
  • 21 St-Queensbridge7 min walk · Accessible station

Nearby large buildings

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 37-24TH STREET EQUITIES LLC as the owner of record. For tax year 2026/27 the city values 37-24 24th Street at $12.1 million and assesses it at $5.44 million. After phase-ins and exemptions its taxable value is $1.74 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 $188,332 a year before abatements, roughly $1.66 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
37-24TH STREET EQUITIES LLC
Tax class
Class 4 (commercial and industrial)
City market value
$12,079,000
Land market value
$2,930,000
Assessed value
$5,435,550
Taxable value (phased in)
$4,883,220
Exemptions
$3,147,120
Estimated yearly tax
About $188,332
Tax per SF of floor area
About $1.66

City market value by tax year

  • 2022/23$11.4 million
  • 2023/24$9.52 million
  • 2024/25$10.6 million
  • 2025/26$10.6 million
  • 2026/27$12.1 million

Market value rose 6% from 2022/23 ($11.4 million) to 2026/27.

How Long Island City compares: property tax per SF across NYC neighborhoodsEstimate this tax bill, or a tenant's share of itHow 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 property records (ACRIS)

Sales history

37-24 24th Street last sold in January 2004 in a $6.7 million sale that covered 2 tax lots, this one among them, according to the deed recorded with the city. GAFF REALTY COMPANY sold it to BACHARACH LIC HOLDINGS LLC, CH EQUITIES CORP. and others.

Last sale (deed date)
January 23, 2004
Combined price
$6,700,000 for 2 tax lots
Seller
GAFF REALTY COMPANY
Buyer
BACHARACH LIC HOLDINGS LLC, CH EQUITIES CORP. and others
Deed recorded
April 1, 2004
ACRIS document
2004012800464001
All 45 building sales in Long Island City since 2016

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; a price for several tax lots is the combined price, not this building's alone.

NYC energy benchmarking (Local Law 84)

Energy score, grade and emissions

37-24 24th Street reported an ENERGY STAR score of 87 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns an A (85 or higher). Its site energy use came to 63.9 kBtu per square foot, 48% below the national median of 121.8 for a similar property. Its greenhouse gas emissions were about 478 metric tons of CO2e (4.19 kg per square foot).

ENERGY STAR score (2024)
87 of 100
Grade this score earns (Local Law 33)
A (85 or higher)
Property type (Portfolio Manager)
Office
Site energy use intensity
63.9 kBtu/SF
National median for the type
121.8 kBtu/SF
Greenhouse gas emissions
478 t CO2e
Emissions per SF
4.19 kg CO2e
Floor area in the filing
114,009 SF

ENERGY STAR score by year

  • 202288 (A)
  • 202389 (A)
  • 202487 (A)

Energy sources in 2024

  • Natural gas80%
  • Electricity20%

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. The grade is the one the filed score earns under the law's cutoffs; the Department of Buildings assigns the grade a building posts, which can differ.

Local Law 97 of 2019, estimated

Local Law 97 emissions limit

At its 2024 energy use, 37-24 24th Street comes to about 433 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 864 tons for 2024 to 2029 (50% of the limit), so it would owe no penalty. From 2030 the limit drops to 307 tons and the same energy use counts as about 372 tons, about 65 tons over, or an estimated $17,000 a year unless the building cuts its emissions.

Period
2024 to 2029
Emissions limit
864 t CO2e
Estimated emissions
433 t CO2e
Under the limit by
431 t CO2e
Estimated penalty a year
None
Period
2030 to 2034
Emissions limit
307 t CO2e
Estimated emissions
372 t CO2e
Over the limit by
65 t CO2e
Estimated penalty a year
$17,000

Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Office 114,009 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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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 1 job at 37-24 24th Street. In the last two years, interior work was permitted on the underground. The newest build-out, on the underground, was first permitted in September 2026 (plumbing; filed cost estimate $210,000).

New jobs, last 12 months
1
Initial permits, last 12 months
1
Newest job first permitted
September 2026
Interior build-outs, last 24 months
1
Floors with interior work, last 24 months
Underground

Recent build-outs

  • UndergroundSeptember 2026Plumbing; est. $210,000

New jobs by year

  • 20211
  • 20220
  • 20230
  • 20243
  • 20250
  • 2026 to date1

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.

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Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.

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Questions about 37-24 24th Street

How big is 37-24 24th Street?

37-24 24th Street has about 113,000 square feet of floor area in total, including 113,000 square feet of office, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

When was 37-24 24th Street built?

City records list 1930 as the year built. The building is 3 floors tall.

What other addresses does 37-24 24th Street have?

City records list 37-21 to 37-25 23rd Street, 37-29 to 37-45 23rd Street, 37-18 to 37-44 24th Street, 23-01 to 23-07 38th Avenue and 23-13 to 23-19 38th Avenue on the same tax lot (BBL 4003660001) as 37-24 24th Street. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 37-24 24th Street?

37-24 24th Street 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 37-24 24th Street, Long Island City, NY 11101.

What is the zoning at 37-24 24th Street?

The lot is in the M1-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 2.32 and a maximum commercial FAR of 5 for this lot.

What subway station is closest to 37-24 24th Street?

The closest subway station to 37-24 24th Street is 39 Av-Dutch Kills (the N and W trains), about 0.3 miles away in a straight line, roughly 7 minutes on foot. Also nearby: 36 Av (the N and W trains), 7 min walk; 21 St-Queensbridge (the M train), 7 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 37-24 24th Street?

The NYC Department of Finance's 2026/27 assessment roll lists 37-24TH STREET EQUITIES LLC as the owner of record of 37-24 24th Street (BBL 4003660001). 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 37-24 24th Street last sold?

37-24 24th Street last sold in January 2004 in a $6.7 million sale that covered 2 tax lots, this one among them, according to the deed recorded with the city. GAFF REALTY COMPANY sold it to BACHARACH LIC HOLDINGS LLC, CH EQUITIES CORP. and others. The deed is ACRIS document 2004012800464001 (BBL 4003660001) 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 is the energy grade of 37-24 24th Street?

37-24 24th Street reported an ENERGY STAR score of 87 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 87 earns an A. 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 63.9 kBtu per square foot, 48% below the national median of 121.8 for a similar property. Its greenhouse gas emissions were about 478 metric tons of CO2e (4.19 kg per square foot).

Does 37-24 24th Street meet Local Law 97?

At its 2024 energy use, 37-24 24th Street comes to about 433 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 864 tons for 2024 to 2029 (50% of the limit), so it would owe no penalty. From 2030 the limit drops to 307 tons and the same energy use counts as about 372 tons, about 65 tons over, or an estimated $17,000 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.

Is there construction at 37-24 24th Street?

In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 37-24 24th Street. In the last two years, interior work was permitted on the underground. The newest build-out, on the underground, was first permitted in September 2026 (plumbing; filed cost estimate $210,000). These are the Department of Buildings' DOB NOW work permits for tax lot 4003660001. 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 37-24 24th Street?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $1.74 million for 37-24 24th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $188,332 a year, roughly $1.66 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4003660001 show the actual bill.

What is the assessed value of 37-24 24th Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 37-24 24th Street at $12.1 million ($2.93 million of it land) and its assessed value at $5.44 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 6% from 2022/23 ($11.4 million) to 2026/27.

Is there office space for lease at 37-24 24th Street?

No space at 37-24 24th 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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