Office building with commercial space · Sunnyside, Queens
38-01 Queens Boulevard
Long Island City, NY 11101
38-01 Queens Boulevard is a 12-floor office building with commercial space in Sunnyside, Queens, built in 2017, with about 152,000 square feet of office space according to city records.
- Office space
- 152K SF
- Floors
- 12
- Year built
- 2017
- Zoning
- M1-4
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Compared with its neighbors
How 38-01 Queens Boulevard compares
Next to the 6 nearest large office buildings, all within a 11 minute walk, 38-01 Queens Boulevard ranks 5th of 7 by office floor area. Built in 2017, it is the newest of them. Its estimated property tax, about $1.83 a square foot of floor area before abatements, is below the neighbors' median of $6.71.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 38-01 Queens Boulevard | 152K SF | 12 | 2017 | $1.83 | Jul 2025, $10M |
| 48-40 34th Street | 75K SF | 3 | 1970 | $12.59 | Oct 2009, $11.1M |
| 30-30 Thomson Avenue | 594K SF | 5 | 1919 | $5.03 | n/a |
| 31-02 47th Avenue | 317K SF | 6 | 1922 | $7.25 | Dec 2016, $258M |
| 37-02 Northern Boulevard | 263K SF | 6 | 1919 | $6.60 | Sep 2025, $42.8M |
| 34-08 Northern Boulevard | 98K SF | 6 | 1921 | $6.82 | n/a |
| 33-00 Northern Boulevard | 220K SF | 8 | 1915 | $5.43 | 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
- ZIP code
- 11101
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 152,415 SF
- Commercial floor area
- 152,415 SF
- Office
- 152,415 SF
- Height
- 12 floors
- Average floor
- About 12,700 SF (floor area divided by floors)
- Year built
- 2017
- Lot area
- 22,500 SF
- Zoning district
- M1-4
- Built FAR
- 6.77
- Max commercial FAR
- 2
- Tax lot (BBL)
- 4002190009
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; 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 Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists 4339 LLC as the owner of record. For tax year 2026/27 the city values 38-01 Queens Boulevard at $5.72 million and assesses it at $2.58 million. After phase-ins and exemptions its taxable value is $2.58 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 $279,374 a year before abatements, roughly $1.83 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
- 4339 LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $5,723,000
- Land market value
- $2,813,000
- Assessed value
- $2,575,350
- Estimated yearly tax
- About $279,374
- Tax per SF of floor area
- About $1.83
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 property records (ACRIS)
Sales history
38-01 Queens Boulevard last sold in July 2025 for $10 million, according to the deed recorded with the city. CURBCUT QUEENS BLVD LLC sold it to 4339 LLC. That comes to about $66 per square foot of floor area.
- Last sale (deed date)
- July 10, 2025
- Price
- $10,000,000
- Price per SF of floor area
- About $66
- Seller
- CURBCUT QUEENS BLVD LLC
- Buyer
- 4339 LLC
- Deed recorded
- July 18, 2025
- ACRIS document
- 2025071500459001
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-03; 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.
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 38-01 Queens Boulevard. In the last two years, interior work was permitted on one floor (floor 1 and the cellar). The newest build-out, on floor 1 and the cellar, was first permitted in December 2025 (structural; filed cost estimate $345,000).
- New jobs, last 12 months
- 1
- Initial permits, last 12 months
- 1
- Newest job first permitted
- December 2025
- Interior build-outs, last 24 months
- 1
- Floors with interior work, last 24 months
- 1, cellar
- Facade and sidewalk jobs, last 24 months
- 1
Recent build-outs
New jobs by year
Build-outs across SunnysideWhere 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.
Before you sign
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 38-01 Queens Boulevard
How big is 38-01 Queens Boulevard?
38-01 Queens Boulevard has about 152,000 square feet of floor area in total, including 152,000 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 38-01 Queens Boulevard built?
City records list 2017 as the year built. The building is 12 floors tall.
What is the ZIP code of 38-01 Queens Boulevard?
38-01 Queens Boulevard 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 Queens Boulevard, Long Island City, NY 11101, in Sunnyside.
What is the zoning at 38-01 Queens Boulevard?
The lot is in the M1-4 zoning district. PLUTO lists a built floor area ratio (FAR) of 6.77 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 38-01 Queens Boulevard?
The closest subway station to 38-01 Queens Boulevard is 40 St-Lowery St (the 7 train), about 800 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 Queens Boulevard?
The NYC Department of Finance's 2026/27 assessment roll lists 4339 LLC as the owner of record of 38-01 Queens Boulevard (BBL 4002190009). 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 38-01 Queens Boulevard last sold?
38-01 Queens Boulevard last sold in July 2025 for $10 million, according to the deed recorded with the city. CURBCUT QUEENS BLVD LLC sold it to 4339 LLC. That comes to about $66 per square foot of floor area. The deed is ACRIS document 2025071500459001 (BBL 4002190009) 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.
Is there construction at 38-01 Queens Boulevard?
In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 38-01 Queens Boulevard. In the last two years, interior work was permitted on one floor (floor 1 and the cellar). The newest build-out, on floor 1 and the cellar, was first permitted in December 2025 (structural; filed cost estimate $345,000). These are the Department of Buildings' DOB NOW work permits for tax lot 4002190009. 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 Queens Boulevard?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $2.58 million for 38-01 Queens Boulevard. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $279,374 a year, roughly $1.83 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4002190009 show the actual bill.
What is the assessed value of 38-01 Queens Boulevard?
For tax year 2026/27, the NYC Department of Finance puts the market value of 38-01 Queens Boulevard at $5.72 million ($2.81 million of it land) and its assessed value at $2.58 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 38-01 Queens Boulevard?
No space at 38-01 Queens Boulevard 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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Sunnyside
Transit hubs in Sunnyside
- 7 at 40 St-Lowery St
- 7 at 46 St-Bliss St
- 7 at 61 St-Woodside
- LIRR at Woodside