Factory and industrial building · Long Island City, Queens

40-18 22nd Street

Long Island City, NY 11101

40-18 22nd Street is a 5-floor factory and industrial building in Long Island City, Queens, built in 1915, with about 51,000 square feet of industrial and storage space according to city records.

Also at 40-20 22nd Street.

Industrial and storage space: 51K SF
Floors: 5
Year built: 1915
Zoning: M1-5A

Industrial and storage space next to its nearest neighbors

21-02 40th Avenue1 min walk52K SF
40-18 22nd StreetThis building51K SF
40-24 22nd Street1 min walk49K SF
21-22 40th Avenue1 min walk44K SF

The 63rd largest of the 102 industrial and storage buildings we track in Long Island City. Compare it with 6 neighbors

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Compared with its neighbors

How 40-18 22nd Street compares

Next to the 6 nearest large industrial and storage buildings, all within a 1 minute walk, 40-18 22nd Street ranks 4th of 7 by industrial and storage floor area. It went up in 1915; the median neighbor dates from 1913. Its estimated property tax, about $3.70 a square foot of floor area before abatements, is above the neighbors' median of $3.15.

40-18 22nd Street and the 6 nearest large industrial and storage buildings: size, floors, year built, estimated property tax per square foot
Building	Industrial and storage space	Floors	Built	Tax / SF
40-18 22nd StreetThis building	51K SF	5	1915	$3.70
40-24 22nd Street1 min walk	49K SF	5	1913	$2.42
21-22 40th Avenue1 min walk	44K SF	6	1911	$2.91
21-02 40th Avenue1 min walk	52K SF	6	1912	$2.37
21-05 41st Avenue1 min walk	91K SF	5	1913	$3.40
40-36 22nd Street1 min walk	81K SF	5	1913	$4.61
4031 22nd Street1 min walk	45K SF	3	1922	$5.85

The 63rd largest of the 102 industrial and storage 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). 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 address: 40-20 22nd Street
ZIP code: 11101
Building type: Factory and industrial building (city class F1)
Total floor area: 51,477 SF
Commercial floor area: 51,477 SF
Industrial and storage: 51,477 SF
Height: 5 floors
Average floor: About 10,300 SF (floor area divided by floors)
Year built: 1915
Lot area: 22,000 SF
Zoning district: M1-5A
Built FAR: 2.34
Max commercial FAR: 5
Tax lot (BBL): 4004100030

Nearest subway

21 St-Queensbridge2 min walk · Accessible station
Queensboro Plaza6 min walk · Accessible station
Queens Plaza9 min walk · Accessible station

Nearby large buildings

40-29 21st Street64K SF office · 6 floors · 1 min walk
22-14 40th Avenue39K SF industrial and storage · 6 floors · 1 min walk
22-19 41st Avenue72K SF industrial and storage · 7 floors · 2 min walk
39-25 21st Street87K SF industrial and storage · 5 floors · 2 min walk
41-02 22nd Street41K SF industrial and storage · 2 floors · 2 min walk
21-15 21st Street163K SF industrial and storage · 8 floors · 3 min walk
23-10 Queens Plaza South108K SF industrial and storage · 4 floors · 5 min walk
41-21 27th Street247K SF office · 13 floors · 5 min walk

All 9 large commercial buildings on 22nd Street

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 40-21 CORNERS, LLC as the owner of record. For tax year 2026/27 the city values 40-18 22nd Street at $4.29 million and assesses it at $1.93 million. After phase-ins and exemptions its taxable value is $1.75 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 $190,236 a year before abatements, roughly $3.70 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: 40-21 CORNERS, LLC
Tax class: Class 4 (commercial and industrial)
City market value: $4,289,000
Land market value: $1,650,000
Assessed value: $1,930,050
Taxable value (phased in): $1,753,650
Estimated yearly tax: About $190,236
Tax per SF of floor area: About $3.70

City market value by tax year

2022/23$3.51 million
2023/24$3.67 million
2024/25$3.95 million
2025/26$4.06 million
2026/27$4.29 million

Market value rose 22% from 2022/23 ($3.51 million) to 2026/27.

How Long Island City compares: property tax per SF across NYC neighborhoods Estimate this tax bill, or a tenant's share of it How 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 Department of Buildings permits

Work permits and build-outs

The Department of Buildings issued no permits for new jobs at 40-18 22nd Street in the 12 months to October 2026; the last one was first permitted in August 2023.

New jobs, last 12 months: 0
Initial permits, last 12 months: 0
Newest job first permitted: August 2023
Interior build-outs, last 24 months: 0

New jobs by year

20210
20220
20231
20240
20250
2026 to date0

Build-outs across Long Island City Where 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 industrial and storage space listed in Long Island City yet

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Questions about 40-18 22nd Street

How big is 40-18 22nd Street?

40-18 22nd Street has about 51,000 square feet of floor area in total, including 51,000 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 40-18 22nd Street built?

City records list 1915 as the year built. The building is 5 floors tall.

What other addresses does 40-18 22nd Street have?

City records list 40-20 22nd Street on the same tax lot (BBL 4004100030) as 40-18 22nd Street. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 40-18 22nd Street?

40-18 22nd 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 40-18 22nd Street, Long Island City, NY 11101.

What is the zoning at 40-18 22nd Street?

The lot is in the M1-5A zoning district. PLUTO lists a built floor area ratio (FAR) of 2.34 and a maximum commercial FAR of 5 for this lot.

What subway station is closest to 40-18 22nd Street?

The closest subway station to 40-18 22nd Street is 21 St-Queensbridge (the M train), about 500 feet away in a straight line, roughly 2 minutes on foot. The MTA lists it as an accessible station. Also nearby: Queensboro Plaza (the 7, N and W trains), 6 min walk; Queens Plaza (the E, F and R trains), 9 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 40-18 22nd Street?

The NYC Department of Finance's 2026/27 assessment roll lists 40-21 CORNERS, LLC as the owner of record of 40-18 22nd Street (BBL 4004100030). 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.

Is there construction at 40-18 22nd Street?

The Department of Buildings issued no permits for new jobs at 40-18 22nd Street in the 12 months to October 2026; the last one was first permitted in August 2023. These are the Department of Buildings' DOB NOW work permits for tax lot 4004100030. 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 40-18 22nd Street?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $1.75 million for 40-18 22nd Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $190,236 a year, roughly $3.70 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4004100030 show the actual bill.

What is the assessed value of 40-18 22nd Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 40-18 22nd Street at $4.29 million ($1.65 million of it land) and its assessed value at $1.93 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 22% from 2022/23 ($3.51 million) to 2026/27.

Is there industrial and storage space for lease at 40-18 22nd Street?

No space at 40-18 22nd 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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