Factory and industrial building · Long Island City, Queens

42-11 Queens Plaza South

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.

Industrial and storage space
47K SF
Floors
2
Year built
1939
Zoning
M1-5A

Industrial and storage space next to its nearest neighbors

  1. 42-11 Queens Plaza SouthThis building47K SF
  2. 42-16 10th Street1 min walk43K SF
  3. 43-05 10th Street2 min walk35K SF

The 71st 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 42-11 Queens Plaza South compares

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.

42-11 Queens Plaza South and the 6 nearest large industrial and storage buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingIndustrial and storage spaceFloorsBuiltTax / SFLast sale
42-11 Queens Plaza SouthThis building47K SF21939$9.39Mar 2023, $23M
42-16 10th Street1 min walk43K SF21930$7.06n/a
43-05 10th Street2 min walk35K SF11930$8.03n/a
42-45 12th Street3 min walk41K SF61930$9.33Jul 2023, $12.4M
43-27 Vernon Boulevard4 min walk38K SF31929$4.14n/a
43-50 11th Street4 min walk51K SF51960$6.31Jul 2007, $6M
12-12 43rd Avenue4 min walk112K SF42009$2.50n/a
The 71st 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); 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

Building facts

Other addresses
42-02 to 42-20 10th Street; 42-01 to 42-21 9th Street; 9-02 to 9-18 Queens Plaza South
ZIP code
11101
Building type
Factory and industrial building (city class F1)
Total floor area
53,173 SF
Commercial floor area
53,173 SF
Office
5,770 SF
Industrial and storage
47,403 SF
Height
2 floors
Year built
1939
Last major alteration
1998
Lot area
49,400 SF
Zoning district
M1-5A
Built FAR
1.08
Max commercial FAR
5
Tax lot (BBL)
4004610016

Nearest subway

  • 21 St-Queensbridge6 min walk · Accessible station
  • Court Sq-23 St8 min walk · Partly accessible · connects to Court Sq
  • Queensboro Plaza9 min walk · Accessible station

Nearby large buildings

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

Owner, property tax and assessed value

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.

Owner of record
TERRENO 9TH ST. LLC
Tax class
Class 4 (commercial and industrial)
City market value
$11,692,000
Land market value
$3,705,000
Assessed value
$5,261,400
Taxable value (phased in)
$4,604,310
Estimated yearly tax
About $499,476
Tax per SF of floor area
About $9.39

City market value by tax year

  • 2022/23$8.89 million
  • 2023/24$9.96 million
  • 2024/25$11.8 million
  • 2025/26$11.8 million
  • 2026/27$11.7 million

Market value rose 32% from 2022/23 ($8.89 million) to 2026/27.

How Long Island City compares: property tax per SF across NYC neighborhoodsEstimate this tax bill, or a tenant's share of it

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)

Sales history

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.

Last sale (deed date)
March 6, 2023
Price
$23,000,000
Price per SF of floor area
About $433
Seller
9TH ST. MANAGEMENT, LLC
Buyer
TERRENO 9TH ST. LLC
Deed recorded
March 14, 2023
ACRIS document
2023030800692001
All 45 building sales in Long Island City since 2016

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)

Energy use and emissions

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.

ENERGY STAR score (2024)
None given
Property type (Portfolio Manager)
Non-Refrigerated Warehouse
Floor area in the filing
44,500 SF
Tax lots in the filing
2

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

Work permits and build-outs

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.

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

New jobs by year

  • 20210
  • 20220
  • 20237
  • 20240
  • 20250
  • 2026 to date0

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.

What a requirement here looks like

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.

Want · Flex / Creative / Industrial

Content studio, flex space with freight

Posted by the tenant · Media

Where
Sunset Park, Garment District +1
Size
5,000 to 10,000 SF
Budget
to $45/SF
Move in
Nov 2026
Freight elevatorHigh ceilings
Owners: got a fit?I have a fit

Before you sign

Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.

All guides

Questions about 42-11 Queens Plaza South

How big is 42-11 Queens Plaza South?

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.

When was 42-11 Queens Plaza South built?

City records list 1939 as the year built, with a major alteration recorded in 1998. The building is 2 floors tall.

What other addresses does 42-11 Queens Plaza South have?

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.

What is the ZIP code of 42-11 Queens Plaza South?

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.

What is the zoning at 42-11 Queens Plaza South?

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.

What subway station is closest to 42-11 Queens Plaza South?

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.

Who owns 42-11 Queens Plaza South?

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.

When was 42-11 Queens Plaza South last sold?

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.

Does 42-11 Queens Plaza South have an energy grade?

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.

Is there construction at 42-11 Queens Plaza South?

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.

What are the property taxes at 42-11 Queens Plaza South?

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.

What is the assessed value of 42-11 Queens Plaza South?

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.

Is there industrial and storage space for lease at 42-11 Queens Plaza South?

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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