38-42 Review Avenue

38-42 Review Avenue has about 45,000 square feet of floor area in total, including 45,000 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.

City records list 1931 as the year built. The building is 2 floors tall.

City records list 38-42 Railroad Avenue on the same tax lot (BBL 4003120309) as 38-42 Review Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

38-42 Review 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 38-42 Review Avenue, Long Island City, NY 11101.

The lot is in the M3-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.98 and a maximum commercial FAR of 2 for this lot.

No subway within a short walk of 38-42 Review Avenue: the nearest station is more than 1,600 meters away (about 20 minutes on foot before allowing for the street route). The closest subway station to 38-42 Review Avenue is 33 St-Rawson St (the 7 train), about 1.1 miles away in a straight line; the street route is longer.

The NYC Department of Finance's 2026/27 assessment roll lists MAR-LOS 11 LIMITED PTSHP as the owner of record of 38-42 Review Avenue (BBL 4003120309). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.

38-42 Review Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (a campus of several buildings cannot get a 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 20.8 kBtu per square foot, 38% below the national median of 33.5 for a similar property. Its greenhouse gas emissions were about 202 metric tons of CO2e (1.49 kg per square foot). The filing covers 2 tax lots together, so these figures are for the whole property.

At its 2024 energy use, 38-42 Review Avenue comes to about 176 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 577 tons for 2024 to 2029 (31% of the limit), so it would owe no penalty. From 2030 the limit drops to 120 tons and the same energy use counts as about 140 tons, about 21 tons over, or an estimated $5,500 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.

The Department of Buildings issued no permits for new jobs at 38-42 Review Avenue in the 12 months to October 2026; the last one was first permitted in July 2025. These are the Department of Buildings' DOB NOW work permits for tax lot 4003120309. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

The Department of Finance's 2026/27 assessment roll lists a taxable value of $1.78 million for 38-42 Review Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $192,872 a year, roughly $4.29 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4003120309 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of 38-42 Review Avenue at $4.56 million ($2.06 million of it land) and its assessed value at $2.05 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 35% from 2022/23 ($3.39 million) to 2026/27.

No space at 38-42 Review 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.