Commercial condominium · Flushing, Queens
38-25 Main Street
Flushing, NY 11354
38-25 Main Street is a commercial condominium in Flushing, Queens, built in 2005, with about 198,000 square feet of office space according to city records.
Also at 38-10 138th Street, 38-16 138th Street, 136-20 to 136-36 38th Avenue, 136-01 to 136-29 39th Avenue and 1 more.
- Office space
- 198K SF
- Floors
- n/a
- Year built
- 2005
- Zoning
- C4-3
The largest of the 13 office buildings we track in Flushing. Compare it with 6 neighbors
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Compared with its neighbors
How 38-25 Main Street compares
Next to the 6 nearest large office buildings, all within a 3 minute walk, 38-25 Main Street is the largest by office floor area. It went up in 2005; the median neighbor dates from 1975. Its estimated property tax, about $8.22 a square foot of floor area before abatements, is below the neighbors' median of $11.53.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 38-25 Main Street | 198K SF | n/a | 2005 | $8.22 |
| 39-01 Main Street | 54K SF | 6 | 1931 | $18.34 |
| 136-21 Roosevelt Avenue | 57K SF | 12 | 1922 | $12.42 |
| 136-33 37th Avenue | 47K SF | 10 | 2007 | $10.78 |
| 135-27 38th Avenue | 38K SF | 3 | 1949 | $12.28 |
| 37-16 Union Street | 117K SF | 14 | 2024 | $1.07 |
| 39-07 Prince Street | 39K SF | 6 | 2001 | $10.22 |
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
- Other addresses
- 38-10 138th Street; 38-16 138th Street; 136-20 to 136-36 38th Avenue; 136-01 to 136-29 39th Avenue; 38-19 to 38-25 Main Street
- ZIP code
- 11354
- Building type
- Commercial condominium (city class RC)
- Total floor area
- 424,747 SF
- Commercial floor area
- 424,747 SF
- Office
- 198,094 SF
- Retail
- 112,078 SF
- Year built
- 2005
- Lot area
- 89,000 SF
- Zoning district
- C4-3
- Built FAR
- 4.77
- Max commercial FAR
- 3.4
- Tax lot (BBL)
- 4049787501
Nearest subway
- Flushing-Main St
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 storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered one storefront at 38-25 Main Street for December 31, 2025, the newest annual filing the city has published, and it was not vacant that day. A year earlier, 3 of 46 stood vacant.
- Storefronts registered for December 31, 2025
- 1
- Vacant that day
- 0
- Share vacant across Flushing
- 6.4%
- Share vacant citywide
- 9.2%
- Condominium tax lots that filed
- 1
Vacant on December 31, by year
Need a storefront in Flushing? Get matchedNYC storefront vacancy report
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2025, pulled 2026-10-16. 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, summed over the condominium's unit lot that filed, as the owners filed them. The 2025 filing was due June 1, 2026, 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
38-25 Main Street is a condominium of 108 tax lots with 88 owners of record, none holding half of its market value. For tax year 2026/27 the city values 38-25 Main Street at $121.7 million and assesses it at $54.8 million. After phase-ins and exemptions its taxable value is $32.2 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 $3.49 million a year before abatements, roughly $8.22 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.
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $121,682,446
- Land market value
- $13,795,018
- Assessed value
- $54,757,105
- Taxable value (phased in)
- $54,548,276
- Exemptions
- $22,378,993
- Estimated yearly tax
- About $3.49 million
- Tax per SF of floor area
- About $8.22
- Condominium tax lots
- 108
- Owners of record
- 88
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, summed over 108 condominium tax lots; 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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SEC filings (EDGAR)
Companies with offices here
One public company gives 38-25 Main Street as its office address in SEC filings.
Public company
Source: U.S. Securities and Exchange Commission, EDGAR, Financial Statement Data Sets (2025 Q4 to 2026 Q3) and Form 13F Data Sets (through August 2026), pulled 2026-10-24; names as filed. The address is the one each company reports to the SEC. This is not a tenant roster: private companies and most smaller firms do not file with the SEC, a company can report a building it owns, and an address can trail a move by a quarter. Care-of addresses, blank check companies and asset-backed issuers are left out.
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NYC energy benchmarking (Local Law 84)
Energy use and emissions
38-25 Main Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score, 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 69.6 kBtu per square foot, 43% above the national median of 48.8 for a similar property. Its greenhouse gas emissions were about 2,935 metric tons of CO2e (6.99 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 69.6 kBtu/SF
- National median for the type
- 48.8 kBtu/SF
- Greenhouse gas emissions
- 2,935 t CO2e
- Emissions per SF
- 6.99 kg CO2e
- Floor area in the filing
- 420,083 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 2026-10-16; 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
In the 12 months to October 2026, the Department of Buildings issued first permits for 6 jobs at 38-25 Main Street. In the last two years, interior work was permitted on 2 floors (floors 1 and 5, the cellar, the ground floor and the sub-cellar). The newest build-out, on the cellar and the sub-cellar, was first permitted in March 2026 (plumbing, sprinklers; filed cost estimate $63,000).
- New jobs, last 12 months
- 6
- Initial permits, last 12 months
- 7
- Newest job first permitted
- May 2026
- Interior build-outs, last 24 months
- 7
- Floors with interior work, last 24 months
- 1 and 5, cellar, ground floor, sub-cellar
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 38-25 Main Street
How big is 38-25 Main Street?
38-25 Main Street has about 425,000 square feet of floor area in total, including 198,000 square feet of office and 112,000 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 38-25 Main Street built?
City records list 2005 as the year built.
What other addresses does 38-25 Main Street have?
City records list 38-10 138th Street, 38-16 138th Street, 136-20 to 136-36 38th Avenue, 136-01 to 136-29 39th Avenue and 38-19 to 38-25 Main Street on the same tax lot (BBL 4049787501) as 38-25 Main Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 38-25 Main Street?
38-25 Main 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 38-25 Main Street, Flushing, NY 11354.
What is the zoning at 38-25 Main Street?
The lot is in the C4-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 4.77 and a maximum commercial FAR of 3.4 for this lot.
What subway station is closest to 38-25 Main Street?
The closest subway station to 38-25 Main Street is Flushing-Main St (the 7 train), about 400 feet away in a straight line, roughly 2 minutes on foot. The MTA lists it as an accessible station. Walking times are straight-line estimates; the street route is longer.
Who owns 38-25 Main Street?
38-25 Main Street is a condominium of 108 tax lots with 88 owners of record, none holding half of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 4049787501). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.
Who are the tenants at 38-25 Main Street?
Leasemark does not have the building's tenant roster, but SEC filings name companies with offices at 38-25 Main Street. One public company reports the address as its principal executive office: SUIC WORLDWIDE HOLDINGS LTD. (SUIC). Private companies do not file with the SEC, so the full list of tenants is longer, and a company can also report a building it owns.
Does 38-25 Main Street have an energy grade?
38-25 Main Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score, 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 69.6 kBtu per square foot, 43% above the national median of 48.8 for a similar property. Its greenhouse gas emissions were about 2,935 metric tons of CO2e (6.99 kg per square foot).
Is there construction at 38-25 Main Street?
In the 12 months to October 2026, the Department of Buildings issued first permits for 6 jobs at 38-25 Main Street. In the last two years, interior work was permitted on 2 floors (floors 1 and 5, the cellar, the ground floor and the sub-cellar). The newest build-out, on the cellar and the sub-cellar, was first permitted in March 2026 (plumbing, sprinklers; filed cost estimate $63,000). These are the Department of Buildings' DOB NOW work permits for tax lot 4049787501. 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 38-25 Main Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $32.2 million for 38-25 Main Street (the sum of its 108 condominium tax lots). At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $3.49 million a year, roughly $8.22 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4049787501 show the actual bill.
What is the assessed value of 38-25 Main Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 38-25 Main Street at $121.7 million ($13.8 million of it land) and its assessed value at $54.8 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 1% from 2022/23 ($122.6 million) to 2026/27.
Are there vacant storefronts at 38-25 Main Street?
Owners registered one storefront at 38-25 Main Street for December 31, 2025, the newest annual filing the city has published, and it was not vacant that day. A year earlier, 3 of 46 stood vacant. 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 office space for lease at 38-25 Main Street?
No space at 38-25 Main 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
Transit hubs in Flushing
- 7 at Flushing-Main St
- LIRR at Flushing-Main Street