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
Warehouse · Long Island City, Queens
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.
The 4th largest of the 69 industrial and storage buildings we track in Long Island City. Compare it with 6 neighbors
No space at 4725 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.
Compared with its neighbors
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.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 4725 34th Street | 290K SF | 3 | 1924 | $3.49 | Aug 2016, $89M |
| 47-15 33rd Street | 100K SF | 2 | 1943 | Exempt | Feb 2006, $15.8M |
| 47-51 33rd Street | 74K SF | 3 | 1943 | Exempt | Jul 2013, $11M |
| 32-35 48th Avenue | 186K SF | 4 | 1964 | $4.53 | n/a |
| 32-36 47th Avenue | 184K SF | 3 | 1922 | $4.51 | n/a |
| 33-02 48th Avenue | 109K SF | 4 | 1926 | Exempt | n/a |
| 32-33 47th Avenue | 50K SF | 2 | 1947 | $6.14 | 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 50,000 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 2026-10-03; 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
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.
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)
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.
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)
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).
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
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.
Build-outs across Long Island CityWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-03 (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.
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.
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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.
City records list 1924 as the year built, with a major alteration recorded in 2005. The building is 3 floors tall.
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.
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.
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.
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.
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.
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.
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).
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.
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.
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.
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.
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