Want · Industrial
3PL operator needs last-mile warehouse
Posted by the tenant · Logistics
- Where
- South Bronx, Long Island City +1
- Size
- 15,000 to 30,000 SF
- Budget
- to $45/SF
- Move in
- Jan 2027
Loading dockDrive-in doors
Owners: got a fit?I have a fit
Self-storage building · Long Island City, Queens
38-01 47th Avenue
Long Island City, NY 11101
38-01 47th Avenue is a 4-floor self-storage building in Long Island City, Queens, built in 1952, with about 106,000 square feet of industrial and storage space according to city records.
Also at 45-46 39th Street and 38-01 to 38-17 47th Avenue.
- Industrial and storage space
- 106K SF
- Floors
- 4
- Year built
- 1952
- Zoning
- M1-4
The 31st largest of the 69 industrial and storage buildings we track in Long Island City. Compare it with 6 neighbors
No space at 38-01 47th Avenue is listed on Leasemark yet. Own or broker space here? List it free and it is matched against every active requirement the day it goes up, or import a spreadsheet of up to 50 spaces at once. Nothing free right now? Get tenant alerts for Long Island City and hear the moment a tenant posts a requirement there.
Compared with its neighbors
How 38-01 47th Avenue compares
Next to the 6 nearest large industrial and storage buildings, all within a 6 minute walk, 38-01 47th Avenue ranks 4th of 7 by industrial and storage floor area. It went up in 1952; the median neighbor dates from 1943. Its estimated property tax, about $4.21 a square foot of floor area before abatements, is below the neighbors' median of $4.51.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 38-01 47th Avenue | 106K SF | 4 | 1952 | $4.21 | n/a |
| 4725 34th Street | 290K SF | 3 | 1924 | $3.49 | Aug 2016, $89M |
| 47-15 33rd Street | 100K SF | 2 | 1943 | Exempt | Feb 2006, $15.8M |
| 47-51 33rd Street | 74K SF | 3 | 1943 | Exempt | Jul 2013, $11M |
| 32-33 47th Avenue | 50K SF | 2 | 1947 | $6.14 | n/a |
| 45-20 33rd Street | 113K SF | 2 | 1962 | Exempt | n/a |
| 32-36 47th Avenue | 184K SF | 3 | 1922 | $4.51 | n/a |
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 50,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other addresses
- 45-46 39th Street; 38-01 to 38-17 47th Avenue
- ZIP code
- 11101
- Building type
- Self-storage building (city class E7)
- Total floor area
- 120,640 SF
- Commercial floor area
- 120,640 SF
- Office
- 8,730 SF
- Retail
- 6,350 SF
- Industrial and storage
- 105,560 SF
- Height
- 4 floors
- Average floor
- About 30,200 SF (floor area divided by floors)
- Year built
- 1952
- Last major alteration
- 2005
- Lot area
- 54,027 SF
- Zoning district
- M1-4
- Built FAR
- 2.23
- Max commercial FAR
- 2
- Tax lot (BBL)
- 4002230001
Nearest subway
- 40 St-Lowery St
- 33 St-Rawson St
- 46 St-Bliss St
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-03; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-03. 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 storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered one storefront at 38-01 47th Avenue for December 31, 2024, the newest annual filing the city has published, and it was not vacant that day.
- Storefronts registered for December 31, 2024
- 1
- Vacant that day
- 0
- Share vacant across Long Island City
- 7.5%
- Share vacant citywide
- 8.7%
Vacant on December 31, by year
Need a storefront in Long Island City? Get matchedStorefront vacancy across New York City
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2024, pulled 2026-10-03. Owners of buildings with ground- or second-floor storefronts register each one every year with its status on December 31; counts are by tax lot, as the owners filed them. The 2024 filing was due June 3, 2025, so a storefront vacant then may have been leased since. A vacant storefront is not always on the market, and none here is listed on Leasemark unless it shows above.
NYC Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists B.F. ASSOCIATES LLC as the owner of record. For tax year 2026/27 the city values 38-01 47th Avenue at $20.4 million and assesses it at $9.2 million. After phase-ins and exemptions its taxable value is $4.68 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 $507,296 a year before abatements, roughly $4.21 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
- B.F. ASSOCIATES LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $20,436,000
- Land market value
- $3,782,000
- Assessed value
- $9,196,200
- Taxable value (phased in)
- $8,108,550
- Exemptions
- $3,432,150
- Estimated yearly tax
- About $507,296
- Tax per SF of floor area
- About $4.21
City market value by tax year
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 2026-10-03; 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.
NYC energy benchmarking (Local Law 84)
Energy use and emissions
38-01 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 9.3 kBtu per square foot, less than half the national median of 19.7 for a similar property. Its greenhouse gas emissions were about 77.3 metric tons of CO2e (0.95 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Self-Storage Facility
- Site energy use intensity
- 9.3 kBtu/SF
- National median for the type
- 19.7 kBtu/SF
- Greenhouse gas emissions
- 77.3 t CO2e
- Emissions per SF
- 0.95 kg CO2e
- Floor area in the filing
- 81,630 SF
Energy sources in 2024
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 2026-10-03; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
NYC Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at 38-01 47th Avenue in the 12 months to October 2026; the last one was first permitted in December 2022.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- December 2022
- Interior build-outs, last 24 months
- 0
New jobs by year
Build-outs across Long Island CityWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-03 (permits issued through 2026-10-01). 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.
What a requirement here looks like
No live requirements for industrial and storage space in Long Island City yet. These labeled examples show what tenants post. List a space in 38-01 47th Avenue and we match it against every new one automatically.
Want · Flex / Creative / Industrial
Content studio, flex space with freight
Posted by the tenant · Media
- Where
- Sunset Park, Garment District +1
- Size
- 5,000 to 10,000 SF
- Budget
- to $45/SF
- Move in
- Nov 2026
Freight elevatorHigh ceilings
Owners: got a fit?I have a fit
Before you sign
Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.
Gross vs net leases in NYC: what tenants actually pay
Gross, modified gross or triple net: how NYC leases split taxes, operating costs and electricity, what the asking rent leaves out, and how to compare two spaces fairly.
How to read a New York commercial lease, clause by clause
Walk through a New York commercial lease clause by clause: rent start, escalations, deposit and guaranty, use, alterations, subletting, default and the end of the term.
Questions about 38-01 47th Avenue
How big is 38-01 47th Avenue?
38-01 47th Avenue has about 121,000 square feet of floor area in total, including 9,000 square feet of office, 6,000 square feet of retail and 106,000 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 38-01 47th Avenue built?
City records list 1952 as the year built, with a major alteration recorded in 2005. The building is 4 floors tall.
What other addresses does 38-01 47th Avenue have?
City records list 45-46 39th Street and 38-01 to 38-17 47th Avenue on the same tax lot (BBL 4002230001) as 38-01 47th Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 38-01 47th Avenue?
38-01 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 38-01 47th Avenue, Long Island City, NY 11101.
What is the zoning at 38-01 47th Avenue?
The lot is in the M1-4 zoning district. PLUTO lists a built floor area ratio (FAR) of 2.23 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 38-01 47th Avenue?
The closest subway station to 38-01 47th Avenue is 40 St-Lowery St (the 7 train), about 900 feet away in a straight line, roughly 3 minutes on foot. Also nearby: 33 St-Rawson St (the 7 train), 5 min walk; 46 St-Bliss St (the 7 train), 9 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 38-01 47th Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists B.F. ASSOCIATES LLC as the owner of record of 38-01 47th Avenue (BBL 4002230001). 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.
Does 38-01 47th Avenue have an energy grade?
38-01 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 9.3 kBtu per square foot, less than half the national median of 19.7 for a similar property. Its greenhouse gas emissions were about 77.3 metric tons of CO2e (0.95 kg per square foot).
Is there construction at 38-01 47th Avenue?
The Department of Buildings issued no permits for new jobs at 38-01 47th Avenue in the 12 months to October 2026; the last one was first permitted in December 2022. These are the Department of Buildings' DOB NOW work permits for tax lot 4002230001. 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 38-01 47th Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $4.68 million for 38-01 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 $507,296 a year, roughly $4.21 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4002230001 show the actual bill.
What is the assessed value of 38-01 47th Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 38-01 47th Avenue at $20.4 million ($3.78 million of it land) and its assessed value at $9.2 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 19% from 2022/23 ($17.2 million) to 2026/27.
Are there vacant storefronts at 38-01 47th Avenue?
Owners registered one storefront at 38-01 47th Avenue for December 31, 2024, the newest annual filing the city has published, and it was not vacant that day. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront may have come free since. Owners and brokers can list a storefront on Leasemark for free.
Is there industrial and storage space for lease at 38-01 47th Avenue?
No space at 38-01 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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