3PL operator needs last-mile warehouse
Posted by the tenant · Logistics
- Where
- South Bronx, Long Island City +1
- Size
- 15,000 to 30,000 SF
- Budget
- to $45/SF
- Move in
- Jan 2027
Factory and industrial building · Long Island City, Queens
Long Island City, NY 11101
42-11 Queens Plaza South is a 2-floor factory and industrial building in Long Island City, Queens, built in 1939, with about 47,000 square feet of industrial and storage space according to city records.
Also at 42-02 to 42-20 10th Street, 42-01 to 42-21 9th Street and 9-02 to 9-18 Queens Plaza South.
The 71st largest of the 102 industrial and storage buildings we track in Long Island City. Compare it with 6 neighbors
No space at 42-11 Queens Plaza South is listed on Leasemark yet. Own or broker space here? List it free and it is matched against every active requirement the day it goes up, or import a spreadsheet of up to 50 spaces at once. Nothing free right now? Get tenant alerts for Long Island City and hear the moment a tenant posts a requirement there.
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Compared with its neighbors
Next to the 6 nearest large industrial and storage buildings, all within a 4 minute walk, 42-11 Queens Plaza South ranks 3rd of 7 by industrial and storage floor area. It went up in 1939; the median neighbor dates from 1930. Its estimated property tax, about $9.39 a square foot of floor area before abatements, is above the neighbors' median of $6.68.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 42-11 Queens Plaza South | 47K SF | 2 | 1939 | $9.39 | Mar 2023, $23M |
| 42-16 10th Street | 43K SF | 2 | 1930 | $7.06 | n/a |
| 43-05 10th Street | 35K SF | 1 | 1930 | $8.03 | n/a |
| 42-45 12th Street | 41K SF | 6 | 1930 | $9.33 | Jul 2023, $12.4M |
| 43-27 Vernon Boulevard | 38K SF | 3 | 1929 | $4.14 | n/a |
| 43-50 11th Street | 51K SF | 5 | 1960 | $6.31 | Jul 2007, $6M |
| 12-12 43rd Avenue | 112K SF | 4 | 2009 | $2.50 | n/a |
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 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-05; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-05. 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
The Department of Finance lists TERRENO 9TH ST. LLC as the owner of record. For tax year 2026/27 the city values 42-11 Queens Plaza South at $11.7 million and assesses it at $5.26 million. After phase-ins and exemptions its taxable value is $4.6 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 $499,476 a year before abatements, roughly $9.39 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.
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 2026-10-09; 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 property records (ACRIS)
42-11 Queens Plaza South last sold in March 2023 for $23 million, according to the deed recorded with the city. 9TH ST. MANAGEMENT, LLC sold it to TERRENO 9TH ST. LLC. That comes to about $433 per square foot of floor area.
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-09; 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)
42-11 Queens Plaza South's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (the filing does not cover 12 full months of meter data), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. The filing covers 2 tax lots together, so these figures are for the whole property.
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 2026-10-09; 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
The Department of Buildings issued no permits for new jobs at 42-11 Queens Plaza South in the 12 months to October 2026; the last one was first permitted in October 2023.
Build-outs across Long Island CityWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-09 (permits issued through 2026-10-06). 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 live requirements for industrial and storage space in Long Island City yet. These labeled examples show what tenants post. List a space in 42-11 Queens Plaza South and we match it against every new one automatically.
Posted by the tenant · Logistics
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42-11 Queens Plaza South has about 53,000 square feet of floor area in total, including 6,000 square feet of office and 47,000 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 1939 as the year built, with a major alteration recorded in 1998. The building is 2 floors tall.
City records list 42-02 to 42-20 10th Street, 42-01 to 42-21 9th Street and 9-02 to 9-18 Queens Plaza South on the same tax lot (BBL 4004610016) as 42-11 Queens Plaza South. A space listed on Leasemark at any of these addresses shows up on this page.
42-11 Queens Plaza South 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 42-11 Queens Plaza South, Long Island City, NY 11101.
The lot is in the M1-5A zoning district. PLUTO lists a built floor area ratio (FAR) of 1.08 and a maximum commercial FAR of 5 for this lot.
The closest subway station to 42-11 Queens Plaza South is 21 St-Queensbridge (the M train), about 0.3 miles away in a straight line, roughly 6 minutes on foot. The MTA lists it as an accessible station. Also nearby: Court Sq-23 St (the E, F, 7 and G trains, connected to Court Sq), 8 min walk; Queensboro Plaza (the 7, N and W trains), 9 min walk. Walking times are straight-line estimates; the street route is longer.
The NYC Department of Finance's 2026/27 assessment roll lists TERRENO 9TH ST. LLC as the owner of record of 42-11 Queens Plaza South (BBL 4004610016). 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.
42-11 Queens Plaza South last sold in March 2023 for $23 million, according to the deed recorded with the city. 9TH ST. MANAGEMENT, LLC sold it to TERRENO 9TH ST. LLC. That comes to about $433 per square foot of floor area. The deed is ACRIS document 2023030800692001 (BBL 4004610016) 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.
42-11 Queens Plaza South's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (the filing does not cover 12 full months of meter data), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. The filing covers 2 tax lots together, so these figures are for the whole property.
The Department of Buildings issued no permits for new jobs at 42-11 Queens Plaza South in the 12 months to October 2026; the last one was first permitted in October 2023. These are the Department of Buildings' DOB NOW work permits for tax lot 4004610016. 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 $4.6 million for 42-11 Queens Plaza South. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $499,476 a year, roughly $9.39 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4004610016 show the actual bill.
For tax year 2026/27, the NYC Department of Finance puts the market value of 42-11 Queens Plaza South at $11.7 million ($3.71 million of it land) and its assessed value at $5.26 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 32% from 2022/23 ($8.89 million) to 2026/27.
No space at 42-11 Queens Plaza South 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.
2,492 buildings from city records
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