Office building with commercial space · Long Island City, Queens

41-21 27th Street

Long Island City, NY 11101

41-21 27th Street is a 13-floor office building with commercial space in Long Island City, Queens, built in 2002, with about 247,000 square feet of office space according to city records.

Office space: 247K SF
Floors: 13
Year built: 2002
Zoning: M1-5/R9

Office space next to its nearest neighbors

42-01 28th Street3 min walk505K SF
27-01 Queens Plaza North1 min walk337K SF
41-21 27th StreetThis building247K SF
41-43 28th Street1 min walk189K SF

The 12th largest of the 48 office buildings we track in Long Island City. Compare it with 6 neighbors

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Compared with its neighbors

How 41-21 27th Street compares

Next to the 6 nearest large office buildings, all within a 4 minute walk, 41-21 27th Street ranks 4th of 7 by office floor area. It went up in 2002; the median neighbor dates from 1925. Its estimated property tax, about $7.32 a square foot of floor area before abatements, is below the neighbors' median of $9.35.

41-21 27th Street and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot
Building	Office space	Floors	Built	Tax / SF
41-21 27th StreetThis building	247K SF	13	2002	$7.32
27-01 Queens Plaza North1 min walk	337K SF	7	1910	$9.35
41-43 28th Street1 min walk	189K SF	9	1914	Exempt
42-01 28th Street3 min walk	505K SF	22	2009	$5.08
Bank of the Manhattan Company Building, 29-27 Queens Plaza North3 min walk	49K SF	10	1927	$12.44
28-10 Queens Plaza South3 min walk	1.0M SF	27	2017	$16.88
30-12 41st Avenue4 min walk	47K SF	4	1924	$8.74

The 12th largest of the 48 office 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

ZIP code: 11101
Building type: Office building with commercial space (city class O6)
Total floor area: 251,812 SF
Commercial floor area: 251,812 SF
Office: 246,646 SF
Height: 13 floors
Average floor: About 19,400 SF (floor area divided by floors)
Year built: 2002
Last major alteration: 2017
Lot area: 19,995 SF
Zoning district: M1-5/R9
Built FAR: 12.59
Max commercial FAR: 5
Tax lot (BBL): 4004160021

Nearest subway

Queensboro Plaza2 min walk · Accessible station
Queens Plaza3 min walk · Accessible station
21 St-Queensbridge6 min walk · Accessible station

Nearby large buildings

23-10 Queens Plaza South108K SF industrial and storage · 4 floors · 4 min walk
22-19 41st Avenue72K SF industrial and storage · 7 floors · 4 min walk
4031 22nd Street45K SF industrial and storage · 3 floors · 4 min walk
29-76 Northern Boulevard198K SF office · 5 floors · 4 min walk
22-14 40th Avenue39K SF industrial and storage · 6 floors · 4 min walk
27-35 Jackson Avenue49K SF office · 4 floors · 5 min walk
41-02 22nd Street41K SF industrial and storage · 2 floors · 5 min walk
40-36 22nd Street81K SF industrial and storage · 5 floors · 5 min walk

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; 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 BRAUSE PLAZA NORTH LLC as the owner of record. For tax year 2026/27 the city values 41-21 27th Street at $50.6 million and assesses it at $22.8 million. After phase-ins and exemptions its taxable value is $17 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 $1.84 million a year before abatements, roughly $7.32 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: BRAUSE PLAZA NORTH LLC
Tax class: Class 4 (commercial and industrial)
City market value: $50,565,000
Land market value: $2,499,000
Assessed value: $22,754,250
Taxable value (phased in): $20,650,500
Exemptions: $3,670,076
Estimated yearly tax: About $1.84 million
Tax per SF of floor area: About $7.32

City market value by tax year

2022/23$42.7 million
2023/24$42.7 million
2024/25$45 million
2025/26$48.4 million
2026/27$50.6 million

Market value rose 18% from 2022/23 ($42.7 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 energy benchmarking (Local Law 84)

Energy use and emissions

41-21 27th Street'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 53.9 kBtu per square foot, about the same as the national median of 51.6 for a similar property. Its greenhouse gas emissions were about 3,739 metric tons of CO2e (5.16 kg per square foot). The filing covers 2 tax lots together, so these figures are for the whole property.

ENERGY STAR score (2024): None given
Property type (Portfolio Manager): Office
Site energy use intensity: 53.9 kBtu/SF
National median for the type: 51.6 kBtu/SF
Greenhouse gas emissions: 3,739 t CO2e
Emissions per SF: 5.16 kg CO2e
Floor area in the filing: 724,154 SF
Tax lots in the filing: 2

Energy sources in 2024

Electricity69%
Natural gas31%

Share of the energy used on site, as filed.

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, one filing for 2 tax lots), 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

The Department of Buildings issued no permits for new jobs at 41-21 27th Street in the 12 months to October 2026; the last one was first permitted in June 2023.

New jobs, last 12 months: 0
Initial permits, last 12 months: 0
Newest job first permitted: June 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.

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Questions about 41-21 27th Street

How big is 41-21 27th Street?

41-21 27th Street has about 252,000 square feet of floor area in total, including 247,000 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 41-21 27th Street built?

City records list 2002 as the year built, with a major alteration recorded in 2017. The building is 13 floors tall.

What is the ZIP code of 41-21 27th Street?

41-21 27th 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 41-21 27th Street, Long Island City, NY 11101.

What is the zoning at 41-21 27th Street?

The lot is in the M1-5/R9 zoning district. PLUTO lists a built floor area ratio (FAR) of 12.59 and a maximum commercial FAR of 5 for this lot.

What subway station is closest to 41-21 27th Street?

The closest subway station to 41-21 27th Street is Queensboro Plaza (the 7, N and W trains), about 500 feet away in a straight line, roughly 2 minutes on foot. The MTA lists it as an accessible station. Also nearby: Queens Plaza (the E, F and R trains), 3 min walk; 21 St-Queensbridge (the M train), 6 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 41-21 27th Street?

The NYC Department of Finance's 2026/27 assessment roll lists BRAUSE PLAZA NORTH LLC as the owner of record of 41-21 27th Street (BBL 4004160021). 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 41-21 27th Street have an energy grade?

Is there construction at 41-21 27th Street?

The Department of Buildings issued no permits for new jobs at 41-21 27th Street in the 12 months to October 2026; the last one was first permitted in June 2023. These are the Department of Buildings' DOB NOW work permits for tax lot 4004160021. 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 41-21 27th Street?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $17 million for 41-21 27th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.84 million a year, roughly $7.32 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4004160021 show the actual bill.

What is the assessed value of 41-21 27th Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 41-21 27th Street at $50.6 million ($2.5 million of it land) and its assessed value at $22.8 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 18% from 2022/23 ($42.7 million) to 2026/27.

Is there office space for lease at 41-21 27th Street?

No space at 41-21 27th 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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