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
43-20 34th Street is a 4-floor factory and industrial building in Long Island City, Queens, built in 1931, with about 47,000 square feet of industrial and storage space according to city records.
Also at 43-12 to 43-30 34th Street.
The 72nd largest of the 102 industrial and storage buildings we track in Long Island City. Compare it with 6 neighbors
No space at 43-20 34th Street 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 5 minute walk, 43-20 34th Street ranks 5th of 7 by industrial and storage floor area. It went up in 1931; the median neighbor dates from 1939. Its estimated property tax, about $5.85 a square foot of floor area before abatements, is above the neighbors' median of $5.33.
| Building | Industrial and storage space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 43-20 34th Street | 47K SF | 4 | 1931 | $5.85 |
| 43-37 33rd Street | 43K SF | 5 | 1931 | $3.40 |
| 32-07 Queens Boulevard | 265K SF | 3 | 1951 | $5.21 |
| 45-20 33rd Street | 113K SF | 2 | 1962 | Exempt |
| 32-02 Queens Boulevard | 149K SF | 8 | 1931 | $7.21 |
| 32-33 47th Avenue | 50K SF | 2 | 1947 | $6.14 |
| 41-39 39th Street | 35K SF | 2 | 1929 | $5.33 |
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
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 34TH ST LIC REALTY CO as the owner of record. For tax year 2026/27 the city values 43-20 34th Street at $9.56 million and assesses it at $4.3 million. After phase-ins and exemptions its taxable value is $2.8 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 $303,841 a year before abatements, roughly $5.85 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.
Own or manage 43-20 34th Street? List a space here free and we match it against every active requirement.
NYC energy benchmarking (Local Law 84)
43-20 34th Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), 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 11.8 kBtu per square foot. Its greenhouse gas emissions were about 70.8 metric tons of CO2e (1.36 kg per square foot).
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 2026-10-09; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
Local Law 97 of 2019, estimated
At its 2024 energy use, 43-20 34th Street comes to about 52 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 394 tons for 2024 to 2029 (13% of the limit), so it would owe no penalty. From 2030 the limit drops to 74 tons and the same energy use counts as about 26 tons, still under the limit.
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Manufacturing/Industrial Plant 51,918 SF. It applies the coefficients and per-use limits in Department of Buildings rule 1 RCNY 103-14 and Administrative Code 28-320.3.1.1 (as the Department lists them) and the $268 per ton penalty, checked 2026-10-04. It is not the building's Local Law 97 report: that report can count renewable energy credits, solar and storage deductions and, for 2024 and 2025, the law's occupancy group limits where higher, and penalties can be reduced for good faith efforts.
Change these numbers in the Local Law 97 calculator to see what a cut in energy use would do to the penalty.
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43-20 34th Street has about 52,000 square feet of floor area in total, including 5,000 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 1931 as the year built. The building is 4 floors tall.
City records list 43-12 to 43-30 34th Street on the same tax lot (BBL 4002430035) as 43-20 34th Street. A space listed on Leasemark at any of these addresses shows up on this page.
43-20 34th 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 43-20 34th Street, Long Island City, NY 11101.
The lot is in the M1-4 zoning district. PLUTO lists a built floor area ratio (FAR) of 2.6 and a maximum commercial FAR of 2 for this lot.
The closest subway station to 43-20 34th Street is 33 St-Rawson St (the 7 train), about 400 feet away in a straight line, roughly 2 minutes on foot. Also nearby: 40 St-Lowery St (the 7 train), 8 min walk; Queens Plaza (the E, F and R trains), 8 min walk. Walking times are straight-line estimates; the street route is longer.
The NYC Department of Finance's 2026/27 assessment roll lists 34TH ST LIC REALTY CO as the owner of record of 43-20 34th Street (BBL 4002430035). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
43-20 34th Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), 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 11.8 kBtu per square foot. Its greenhouse gas emissions were about 70.8 metric tons of CO2e (1.36 kg per square foot).
At its 2024 energy use, 43-20 34th Street comes to about 52 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 394 tons for 2024 to 2029 (13% of the limit), so it would owe no penalty. From 2030 the limit drops to 74 tons and the same energy use counts as about 26 tons, still under the limit. This is an estimate from the owner's 2024 benchmarking filing using the coefficients and per-use limits in the law and the Department of Buildings rule, at $268 per ton over. It is not the building's Local Law 97 report, which can count credits and deductions this estimate cannot.
The Department of Finance's 2026/27 assessment roll lists a taxable value of $2.8 million for 43-20 34th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $303,841 a year, roughly $5.85 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4002430035 show the actual bill.
For tax year 2026/27, the NYC Department of Finance puts the market value of 43-20 34th Street at $9.56 million ($1.2 million of it land) and its assessed value at $4.3 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 108% from 2022/23 ($4.6 million) to 2026/27.
No space at 43-20 34th 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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