Shopping center · Long Island City, Queens
42-02 Northern Boulevard
Long Island City, NY 11101
42-02 Northern Boulevard is a 1-floor shopping center in Long Island City, Queens, built in 1977, with about 75,000 square feet of retail space according to city records.
Also at 35-04 to 35-46 42nd Place and 42-02 to 42-22 Northern Boulevard.
- Retail space
- 75K SF
- Floors
- 1
- Year built
- 1977
- Zoning
- M1-5
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Compared with its neighbors
How 42-02 Northern Boulevard compares
Next to the 6 nearest large commercial buildings, all within a 6 minute walk, 42-02 Northern Boulevard ranks 6th of 7 by commercial floor area. It went up in 1977; the median neighbor dates from 1945. Its property tax is fully exempt on the city's assessment roll.
| Building | Commercial space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 42-02 Northern Boulevard | 75K SF | 1 | 1977 | Exempt | Mar 2026, $101M |
| 41-02 Northern Boulevard | 111K SF | 6 | 2003 | $6.04 | n/a |
| 37-02 Northern Boulevard | 318K SF | 6 | 1919 | $6.60 | Sep 2025, $42.8M |
| 45-10 48th Street | 138K SF | 1 | 1980 | $12.55 | n/a |
| 34-37 37th Street | 128K SF | 7 | 1926 | $6.46 | Aug 2021, $20M |
| 36-20 Northern Boulevard | 68K SF | 5 | 1928 | $6.13 | n/a |
| 39-34 43rd Street | 98K SF | 2 | 1962 | $5.47 | Jan 2015, $8.1M |
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
- Other addresses
- 35-04 to 35-46 42nd Place; 42-02 to 42-22 Northern Boulevard
- ZIP code
- 11101
- Building type
- Shopping center (city class K6)
- Total floor area
- 74,637 SF
- Commercial floor area
- 74,637 SF
- Retail
- 74,637 SF
- Height
- 1 floor
- Year built
- 1977
- Last major alteration
- 2000
- Lot area
- 146,206 SF
- Zoning district
- M1-5
- Built FAR
- 0.51
- Max commercial FAR
- 5
- Tax lot (BBL)
- 4001830051
Nearest subway
- Steinway St
- 36 St
- 46 St
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-03; addresses from the Property Address Directory (PAD) 26b; 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 42-02 NB OWNER LLC as the owner of record. For tax year 2026/27 the city values 42-02 Northern Boulevard at $13.5 million and assesses it at $6.07 million. Exemptions on the roll cover the whole taxable value, which is common for government, nonprofit and payment-in-lieu-of-taxes properties.
- Owner of record
- 42-02 NB OWNER LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $13,492,000
- Land market value
- $7,945,000
- Assessed value
- $6,071,400
- Exemptions
- $6,071,400
- Estimated yearly tax
- Fully exempt on the roll
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. Exempt properties can still owe charges or payments in lieu of taxes that the roll does not show.
NYC property records (ACRIS)
Sales history
42-02 Northern Boulevard last sold in March 2026 for $101.1 million, according to the deed recorded with the city. GOULD QUEENS PROPERTY LLC sold it to 42-02 NB OWNER LLC. That comes to about $1,355 per square foot of floor area.
- Last sale (deed date)
- March 6, 2026
- Price
- $101,125,000
- Price per SF of floor area
- About $1,355
- Seller
- GOULD QUEENS PROPERTY LLC
- Buyer
- 42-02 NB OWNER LLC
- Deed recorded
- March 9, 2026
- ACRIS document
- 2026030900405001
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 energy benchmarking (Local Law 84)
Energy score, grade and emissions
42-02 Northern Boulevard reported an ENERGY STAR score of 23 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a D (under 55). Its site energy use came to 241.5 kBtu per square foot, 32% above the national median of 182.8 for a similar property. Its greenhouse gas emissions were about 2,030 metric tons of CO2e (24.73 kg per square foot).
- ENERGY STAR score (2024)
- 23 of 100
- Grade this score earns (Local Law 33)
- D (under 55)
- Property type (Portfolio Manager)
- Supermarket/Grocery Store
- Site energy use intensity
- 241.5 kBtu/SF
- National median for the type
- 182.8 kBtu/SF
- Greenhouse gas emissions
- 2,030 t CO2e
- Emissions per SF
- 24.73 kg CO2e
- Floor area in the filing
- 82,101 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 2026-10-03; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager. The grade is the one the filed score earns under the law's cutoffs; the Department of Buildings assigns the grade a building posts, which can differ.
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 2 jobs at 42-02 Northern Boulevard. In the last two years, interior work was permitted on the ground floor. The newest build-out, on the ground floor, was first permitted in August 2026 (construction, mechanical; filed cost estimate $88,000).
- New jobs, last 12 months
- 2
- Initial permits, last 12 months
- 3
- Newest job first permitted
- August 2026
- Interior build-outs, last 24 months
- 1
- Floors with interior work, last 24 months
- Ground floor
Recent build-outs
New jobs by year
Build-outs across Long Island CityWhere 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.
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Questions about 42-02 Northern Boulevard
How big is 42-02 Northern Boulevard?
42-02 Northern Boulevard has about 75,000 square feet of floor area in total, including 75,000 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 42-02 Northern Boulevard built?
City records list 1977 as the year built, with a major alteration recorded in 2000. The building is 1 floor tall.
What other addresses does 42-02 Northern Boulevard have?
City records list 35-04 to 35-46 42nd Place and 42-02 to 42-22 Northern Boulevard on the same tax lot (BBL 4001830051) as 42-02 Northern Boulevard. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 42-02 Northern Boulevard?
42-02 Northern 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 42-02 Northern Boulevard, Long Island City, NY 11101.
What is the zoning at 42-02 Northern Boulevard?
The lot is in the M1-5 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.51 and a maximum commercial FAR of 5 for this lot.
What subway station is closest to 42-02 Northern Boulevard?
The closest subway station to 42-02 Northern Boulevard is Steinway St (the M and R trains), about 0.3 miles away in a straight line, roughly 6 minutes on foot. Also nearby: 36 St (the M and R trains), 8 min walk; 46 St (the M and R trains), 10 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 42-02 Northern Boulevard?
The NYC Department of Finance's 2026/27 assessment roll lists 42-02 NB OWNER LLC as the owner of record of 42-02 Northern Boulevard (BBL 4001830051). 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 42-02 Northern Boulevard last sold?
42-02 Northern Boulevard last sold in March 2026 for $101.1 million, according to the deed recorded with the city. GOULD QUEENS PROPERTY LLC sold it to 42-02 NB OWNER LLC. That comes to about $1,355 per square foot of floor area. The deed is ACRIS document 2026030900405001 (BBL 4001830051) 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.
What is the energy grade of 42-02 Northern Boulevard?
42-02 Northern Boulevard reported an ENERGY STAR score of 23 for calendar year 2024 in its Local Law 84 benchmarking filing. Under Local Law 33, as amended by Local Law 95 of 2019, a score of 85 or higher earns an A, 70 to 84 a B, 55 to 69 a C and under 55 a D, so 23 earns a D. The Department of Buildings assigns the grade a building posts, so the posted label can differ if a filing was corrected. Its site energy use came to 241.5 kBtu per square foot, 32% above the national median of 182.8 for a similar property. Its greenhouse gas emissions were about 2,030 metric tons of CO2e (24.73 kg per square foot).
Is there construction at 42-02 Northern Boulevard?
In the 12 months to October 2026, the Department of Buildings issued first permits for 2 jobs at 42-02 Northern Boulevard. In the last two years, interior work was permitted on the ground floor. The newest build-out, on the ground floor, was first permitted in August 2026 (construction, mechanical; filed cost estimate $88,000). These are the Department of Buildings' DOB NOW work permits for tax lot 4001830051. 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 42-02 Northern Boulevard?
The Department of Finance's 2026/27 assessment roll lists exemptions covering the whole taxable value of 42-02 Northern Boulevard, so there is no property tax on the roll to estimate. That is common for government, nonprofit and payment-in-lieu-of-taxes (PILOT) properties. The city's property tax records for BBL 4001830051 show what is actually billed.
What is the assessed value of 42-02 Northern Boulevard?
For tax year 2026/27, the NYC Department of Finance puts the market value of 42-02 Northern Boulevard at $13.5 million ($7.95 million of it land) and its assessed value at $6.07 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 1% from 2022/23 ($13.7 million) to 2026/27.
Is there retail space for lease at 42-02 Northern Boulevard?
No space at 42-02 Northern 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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