Warehouse · Long Island City, Queens

4725 34th Street

Long Island City, NY 11101

4725 34th Street is a 3-floor warehouse in Long Island City, Queens, built in 1924, with about 290,000 square feet of industrial and storage space according to city records.

Also at 47-01 to 47-59 34th Street, 47-02 to 47-60 35th Street, 34-02 to 34-20 47th Avenue and 34-01 to 34-35 48th Avenue.

Industrial and storage space
290K SF
Floors
3
Year built
1924
Zoning
M1-4

Industrial and storage space next to its nearest neighbors

  1. 4725 34th StreetThis building290K SF
  2. 47-15 33rd Street1 min walk100K SF
  3. 47-51 33rd Street1 min walk74K SF

The 4th largest of the 69 industrial and storage buildings we track in Long Island City. Compare it with 6 neighbors

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Compared with its neighbors

How 4725 34th Street compares

Next to the 6 nearest large industrial and storage buildings, all within a 3 minute walk, 4725 34th Street is the largest by industrial and storage floor area. It went up in 1924; the median neighbor dates from 1943. Its estimated property tax, about $3.49 a square foot of floor area before abatements, is below the neighbors' median of $4.53.

4725 34th Street 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
4725 34th StreetThis building290K SF31924$3.49Aug 2016, $89M
47-15 33rd Street1 min walk100K SF21943ExemptFeb 2006, $15.8M
47-51 33rd Street1 min walk74K SF31943ExemptJul 2013, $11M
32-35 48th Avenue2 min walk186K SF41964$4.53n/a
32-36 47th Avenue2 min walk184K SF31922$4.51n/a
33-02 48th Avenue2 min walk109K SF41926Exemptn/a
32-33 47th Avenue3 min walk50K SF21947$6.14n/a
The 4th largest of the 69 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 50,000 SF of the building's main use. Walking times are straight-line estimates.

NYC tax lot records

Building facts

Other addresses
47-01 to 47-59 34th Street; 47-02 to 47-60 35th Street; 34-02 to 34-20 47th Avenue; 34-01 to 34-35 48th Avenue
ZIP code
11101
Building type
Warehouse (city class E1)
Total floor area
322,390 SF
Commercial floor area
322,390 SF
Office
32,500 SF
Industrial and storage
289,890 SF
Height
3 floors
Average floor
About 107,500 SF (floor area divided by floors)
Year built
1924
Last major alteration
2005
Lot area
120,000 SF
Zoning district
M1-4
Built FAR
2.69
Max commercial FAR
2
Tax lot (BBL)
4002500001

Nearest subway

  • 33 St-Rawson St4 min walk · Not accessible
  • 40 St-Lowery St8 min walk · Not accessible
  • Queens Plaza12 min walk · Accessible station

Nearby large buildings

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-03; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-03. 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 MRA HUB 34 OWNER, LLC as the owner of record. For tax year 2026/27 the city values 4725 34th Street at $31.8 million and assesses it at $14.3 million. After phase-ins and exemptions its taxable value is $10.4 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 $1.13 million a year before abatements, roughly $3.49 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
MRA HUB 34 OWNER, LLC
Tax class
Class 4 (commercial and industrial)
City market value
$31,825,000
Land market value
$8,400,000
Assessed value
$14,321,250
Taxable value (phased in)
$12,963,600
Exemptions
$2,589,525
Estimated yearly tax
About $1.13 million
Tax per SF of floor area
About $3.49

City market value by tax year

  • 2022/23$25.1 million
  • 2023/24$26.9 million
  • 2024/25$29.3 million
  • 2025/26$31 million
  • 2026/27$31.8 million

Market value rose 27% from 2022/23 ($25.1 million) to 2026/27.

How Long Island City compares: property tax per SF across NYC neighborhoods

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 2026-10-03; 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.

NYC property records (ACRIS)

Sales history

4725 34th Street last sold in August 2016 for $89 million, according to the deed recorded with the city. BRICKMAN 34TH STREET LIC LLC sold it to MRA HUB 34 OWNER, LLC. That comes to about $276 per square foot of floor area.

Last sale (deed date)
August 12, 2016
Price
$89,000,000
Price per SF of floor area
About $276
Seller
BRICKMAN 34TH STREET LIC LLC
Buyer
MRA HUB 34 OWNER, LLC
Deed recorded
August 25, 2016
ACRIS document
2016081900454001

Recorded sales

All 32 building sales in Long Island City since 2016

Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-03; 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 score, grade and emissions

4725 34th Street reported an ENERGY STAR score of 96 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns an A (85 or higher). Its site energy use came to 43.5 kBtu per square foot, less than half the national median of 122.4 for a similar property. Its greenhouse gas emissions were about 847 metric tons of CO2e (3.11 kg per square foot).

ENERGY STAR score (2024)
96 of 100
Grade this score earns (Local Law 33)
A (85 or higher)
Property type (Portfolio Manager)
Office
Site energy use intensity
43.5 kBtu/SF
National median for the type
122.4 kBtu/SF
Greenhouse gas emissions
847 t CO2e
Emissions per SF
3.11 kg CO2e
Floor area in the filing
272,562 SF

ENERGY STAR score by year

  • 202396 (A)
  • 202496 (A)

Energy sources in 2024

  • Natural gas70%
  • Electricity30%

Share of the energy used on site, as filed.

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 2026-10-03; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager. The grade is the one the filed score earns under the law's cutoffs; the Department of Buildings assigns the grade a building posts, which can differ.

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 1 job at 4725 34th Street. In the last two years, interior work was permitted on 2 floors (floors 1 and 2, the basement and the cellar). The newest build-out, on the cellar, was first permitted in July 2025 (mechanical, plumbing, boiler; filed cost estimate $1.2 million). A sidewalk shed permit here is active until November 3, 2026.

New jobs, last 12 months
1
Initial permits, last 12 months
5
Newest job first permitted
December 2025
Interior build-outs, last 24 months
3
Floors with interior work, last 24 months
1 and 2, basement, cellar
Facade and sidewalk jobs, last 24 months
1
Sidewalk shed permit
Active until Nov 3, 2026

Recent build-outs

  • CellarJuly 2025Mechanical, Plumbing, Boiler; 3 jobs; est. $1.2 million
  • BasementJune 2025Plumbing, Sprinklers; 2 jobs; est. $40,000; signed off
  • Floors 1 and 2, basement, roofJune 2025Construction, Mechanical, Structural; 3 jobs; est. $571,000; signed off

New jobs by year

  • 20217
  • 20220
  • 202310
  • 20240
  • 20259
  • 2026 to date0

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-03 (permits issued through 2026-10-01). 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 4725 34th 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

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 4725 34th Street

How big is 4725 34th Street?

4725 34th Street has about 322,000 square feet of floor area in total, including 33,000 square feet of office and 290,000 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 4725 34th Street built?

City records list 1924 as the year built, with a major alteration recorded in 2005. The building is 3 floors tall.

What other addresses does 4725 34th Street have?

City records list 47-01 to 47-59 34th Street, 47-02 to 47-60 35th Street, 34-02 to 34-20 47th Avenue and 34-01 to 34-35 48th Avenue on the same tax lot (BBL 4002500001) as 4725 34th Street. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 4725 34th Street?

4725 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 4725 34th Street, Long Island City, NY 11101.

What is the zoning at 4725 34th Street?

The lot is in the M1-4 zoning district. PLUTO lists a built floor area ratio (FAR) of 2.69 and a maximum commercial FAR of 2 for this lot.

What subway station is closest to 4725 34th Street?

The closest subway station to 4725 34th Street is 33 St-Rawson St (the 7 train), about 0.2 miles away in a straight line, roughly 4 minutes on foot. Also nearby: 40 St-Lowery St (the 7 train), 8 min walk; Queens Plaza (the E, F and R trains), 12 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 4725 34th Street?

The NYC Department of Finance's 2026/27 assessment roll lists MRA HUB 34 OWNER, LLC as the owner of record of 4725 34th Street (BBL 4002500001). 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 4725 34th Street last sold?

4725 34th Street last sold in August 2016 for $89 million, according to the deed recorded with the city. BRICKMAN 34TH STREET LIC LLC sold it to MRA HUB 34 OWNER, LLC. That comes to about $276 per square foot of floor area. The deed is ACRIS document 2016081900454001 (BBL 4002500001) 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.

What is the energy grade of 4725 34th Street?

4725 34th Street reported an ENERGY STAR score of 96 for calendar year 2024 in its Local Law 84 benchmarking filing. Under Local Law 33, as amended by Local Law 95 of 2019, a score of 85 or higher earns an A, 70 to 84 a B, 55 to 69 a C and under 55 a D, so 96 earns an A. The Department of Buildings assigns the grade a building posts, so the posted label can differ if a filing was corrected. Its site energy use came to 43.5 kBtu per square foot, less than half the national median of 122.4 for a similar property. Its greenhouse gas emissions were about 847 metric tons of CO2e (3.11 kg per square foot).

Is there construction at 4725 34th Street?

In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 4725 34th Street. In the last two years, interior work was permitted on 2 floors (floors 1 and 2, the basement and the cellar). The newest build-out, on the cellar, was first permitted in July 2025 (mechanical, plumbing, boiler; filed cost estimate $1.2 million). A sidewalk shed permit here is active until November 3, 2026. These are the Department of Buildings' DOB NOW work permits for tax lot 4002500001. 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 4725 34th Street?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $10.4 million for 4725 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 $1.13 million a year, roughly $3.49 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4002500001 show the actual bill.

What is the assessed value of 4725 34th Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 4725 34th Street at $31.8 million ($8.4 million of it land) and its assessed value at $14.3 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 27% from 2022/23 ($25.1 million) to 2026/27.

Is there industrial and storage space for lease at 4725 34th Street?

No space at 4725 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.

1,935 buildings from city records

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