44-68 5th Street

44-68 5th Street has about 163,000 square feet of floor area in total, including 163,000 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 1953 as the year built, with a major alteration recorded in 2011. The building is 1 floor tall.

City records list 4-40 44th Drive and 5-02 to 5-40 45th Avenue on the same tax lot (BBL 4000250015) as 44-68 5th Street. A space listed on Leasemark at any of these addresses shows up on this page.

44-68 5th 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 44-68 5th Street, Long Island City, NY 11101.

The lot is in the M1-6A/R9 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.8 and a maximum commercial FAR of 8 for this lot.

The closest subway station to 44-68 5th Street is 21 St (the G train), about 0.4 miles away in a straight line, roughly 8 minutes on foot. Also nearby: Vernon Blvd-Jackson Av (the 7 train), 9 min walk; Court Sq-23 St (the E, F, 7 and G trains, connected to Court Sq), 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 PLAX BL25, LLC as the owner of record of 44-68 5th Street (BBL 4000250015). 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.

44-68 5th Street last sold in January 2007 for $14 million, according to the deed recorded with the city. PLAXALL, INC. sold it to PLAXALL REALTY SUB, LLC. The deed is ACRIS document 2007091400996001 (BBL 4000250015) 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.

44-68 5th Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (a campus of several buildings cannot get a score), 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 62.7 kBtu per square foot, 96% above the national median of 32 for a similar property. Its greenhouse gas emissions were about 761 metric tons of CO2e (4.67 kg per square foot).

The Department of Buildings issued no permits for new jobs at 44-68 5th Street in the 12 months to October 2026; the last one was first permitted in November 2024. In the last two years, interior work was permitted on one floor (floor 4). The newest build-out, on floor 4, was first permitted in November 2024 (mechanical; filed cost estimate $53,000). These are the Department of Buildings' DOB NOW work permits for tax lot 4000250015. 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 $10.9 million for 44-68 5th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.18 million a year, roughly $7.27 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4000250015 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of 44-68 5th Street at $25.4 million ($12.2 million of it land) and its assessed value at $11.4 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 16% from 2022/23 ($22 million) to 2026/27.

No space at 44-68 5th 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.