Want · Industrial
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
Loading dockDrive-in doors
Owners: got a fit?I have a fit
Warehouse · Long Island City, Queens
42-45 12th Street
Long Island City, NY 11101
42-45 12th Street is a 6-floor warehouse in Long Island City, Queens, built in 1930, with about 41,000 square feet of industrial and storage space according to city records.
- Industrial and storage space
- 41K SF
- Floors
- 6
- Year built
- 1930
- Zoning
- M1-5A
The 83rd 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 42-45 12th Street compares
Next to the 6 nearest large industrial and storage buildings, all within a 3 minute walk, 42-45 12th Street ranks 4th of 7 by industrial and storage floor area. It went up in 1930; the median neighbor dates from 1931. Its estimated property tax, about $9.33 a square foot of floor area before abatements, is above the neighbors' median of $5.79.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 42-45 12th Street | 41K SF | 6 | 1930 | $9.33 | Jul 2023, $12.4M |
| 12-12 43rd Avenue | 112K SF | 4 | 2009 | $2.50 | n/a |
| 43-10 21st Street | 37K SF | 2 | 1931 | $4.52 | Mar 2026, $14.5M |
| 42-16 10th Street | 43K SF | 2 | 1930 | $7.06 | n/a |
| 43-05 10th Street | 35K SF | 1 | 1930 | $8.03 | n/a |
| 42-11 Queens Plaza South | 47K SF | 2 | 1939 | $9.39 | Mar 2023, $23M |
| 21-11 44th Avenue | 37K SF | 3 | 1931 | $2.53 | 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
Building facts
- ZIP code
- 11101
- Building type
- Warehouse (city class E1)
- Total floor area
- 41,400 SF
- Commercial floor area
- 41,400 SF
- Industrial and storage
- 41,400 SF
- Height
- 6 floors
- Average floor
- About 6,900 SF (floor area divided by floors)
- Year built
- 1930
- Lot area
- 8,700 SF
- Zoning district
- M1-5A
- Built FAR
- 4.76
- Max commercial FAR
- 5
- Tax lot (BBL)
- 4004580083
Nearest subway
- 21 St-Queensbridge
- Court Sq-23 St
- Queensboro Plaza
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-05; 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 EULISIS CAPITAL LLC as the owner of record. For tax year 2026/27 the city values 42-45 12th Street at $8.55 million and assesses it at $3.85 million. After phase-ins and exemptions its taxable value is $3.56 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 $386,385 a year before abatements, roughly $9.33 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
- EULISIS CAPITAL LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $8,548,000
- Land market value
- $270,000
- Assessed value
- $3,846,600
- Taxable value (phased in)
- $3,561,805
- Estimated yearly tax
- About $386,385
- Tax per SF of floor area
- About $9.33
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 2026-10-09; 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
42-45 12th Street last sold in July 2023 for $12.4 million, according to the deed recorded with the city. The buyer of record was EULISIS CAPITAL LLC. That comes to about $299 per square foot of floor area.
- Last sale (deed date)
- July 28, 2023
- Price
- $12,393,000
- Price per SF of floor area
- About $299
- Buyer
- EULISIS CAPITAL LLC
- Deed recorded
- August 8, 2023
- ACRIS document
- 2023080100200001
Recorded sales
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 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 42-45 12th Street. In the last two years, interior work was permitted on 2 floors (floors 1 and 2, the basement, the ground floor and the mezzanine). The newest build-out, on floors 1 and 2, the basement, the ground floor, the mezzanine and the roof, was first permitted in December 2025 (mechanical; filed cost estimate $200,000).
- New jobs, last 12 months
- 2
- Initial permits, last 12 months
- 3
- Newest job first permitted
- March 2026
- Interior build-outs, last 24 months
- 1
- Floors with interior work, last 24 months
- 1 and 2, basement, ground floor, mezzanine
- Facade and sidewalk jobs, last 24 months
- 1
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 2026-10-09 (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 42-45 12th Street 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
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Questions about 42-45 12th Street
How big is 42-45 12th Street?
42-45 12th Street has about 41,000 square feet of floor area in total, including 41,000 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 42-45 12th Street built?
City records list 1930 as the year built. The building is 6 floors tall.
What is the ZIP code of 42-45 12th Street?
42-45 12th 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 42-45 12th Street, Long Island City, NY 11101.
What is the zoning at 42-45 12th Street?
The lot is in the M1-5A zoning district. PLUTO lists a built floor area ratio (FAR) of 4.76 and a maximum commercial FAR of 5 for this lot.
What subway station is closest to 42-45 12th Street?
The closest subway station to 42-45 12th Street is 21 St-Queensbridge (the M train), about 0.3 miles away in a straight line, roughly 5 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), 5 min walk; Queensboro Plaza (the 7, N and W trains), 7 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 42-45 12th Street?
The NYC Department of Finance's 2026/27 assessment roll lists EULISIS CAPITAL LLC as the owner of record of 42-45 12th Street (BBL 4004580083). 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 42-45 12th Street last sold?
42-45 12th Street last sold in July 2023 for $12.4 million, according to the deed recorded with the city. The buyer of record was EULISIS CAPITAL LLC. That comes to about $299 per square foot of floor area. The deed is ACRIS document 2023080100200001 (BBL 4004580083) 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.
Is there construction at 42-45 12th Street?
In the 12 months to October 2026, the Department of Buildings issued first permits for 2 jobs at 42-45 12th Street. In the last two years, interior work was permitted on 2 floors (floors 1 and 2, the basement, the ground floor and the mezzanine). The newest build-out, on floors 1 and 2, the basement, the ground floor, the mezzanine and the roof, was first permitted in December 2025 (mechanical; filed cost estimate $200,000). These are the Department of Buildings' DOB NOW work permits for tax lot 4004580083. 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 42-45 12th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $3.56 million for 42-45 12th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $386,385 a year, roughly $9.33 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4004580083 show the actual bill.
What is the assessed value of 42-45 12th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 42-45 12th Street at $8.55 million ($270,000 of it land) and its assessed value at $3.85 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 86% from 2022/23 ($4.59 million) to 2026/27.
Is there industrial and storage space for lease at 42-45 12th Street?
No space at 42-45 12th 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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