Office building with commercial space · Long Island City, Queens
48-02 30th Place
Long Island City, NY 11101
48-02 30th Place is a 3-floor office building with commercial space in Long Island City, Queens, built in 1926, with about 72,000 square feet of office space according to city records.
Also at 48-02 to 48-30 30th Place, 48-01 to 48-29 30th Street and 30-02 to 30-28 48th Avenue.
- Office space
- 72K SF
- Floors
- 3
- Year built
- 1926
- Zoning
- M2-1
The 34th largest of the 48 office buildings we track in Long Island City. Compare it with 6 neighbors
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Compared with its neighbors
How 48-02 30th Place compares
Next to the 6 nearest large office buildings, all within a 6 minute walk, 48-02 30th Place ranks 6th of 7 by office floor area. It went up in 1926; the median neighbor dates from 1919. Its estimated property tax, about $9.56 a square foot of floor area before abatements, is above the neighbors' median of $7.02.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 48-02 30th Place | 72K SF | 3 | 1926 | $9.56 | Dec 2025, $34.5M |
| 47-07 30th Place | 1.0M SF | 10 | 1920 | $6.13 | May 2006, $35.1M |
| 31-02 47th Avenue | 317K SF | 6 | 1922 | $7.25 | Dec 2016, $258M |
| 30-30 Thomson Avenue | 594K SF | 5 | 1919 | $5.03 | n/a |
| 47-37 Austell Place | 136K SF | 5 | 1916 | $10.13 | Nov 2015, $35M |
| 47-16 Austell Place | 50K SF | 4 | 1916 | $6.79 | Sep 2024, $11M |
| 48-40 34th Street | 75K SF | 3 | 1970 | $12.59 | Oct 2009, $11.1M |
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
- Other addresses
- 48-02 to 48-30 30th Place; 48-01 to 48-29 30th Street; 30-02 to 30-28 48th Avenue
- ZIP code
- 11101
- Building type
- Office building with commercial space (city class O5)
- Total floor area
- 141,436 SF
- Commercial floor area
- 141,436 SF
- Office
- 72,269 SF
- Industrial and storage
- 69,167 SF
- Height
- 3 floors
- Year built
- 1926
- Last major alteration
- 2017
- Lot area
- 49,800 SF
- Zoning district
- M2-1
- Built FAR
- 2.84
- Max commercial FAR
- 2
- Tax lot (BBL)
- 4002870011
Nearest subway
- 33 St-Rawson St
- Court Sq
- Queens Plaza
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-16. 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 30-02 48TH AVE LIC OWNER LLC as the owner of record. For tax year 2026/27 the city values 48-02 30th Place at $32.3 million and assesses it at $14.5 million. After phase-ins and exemptions its taxable value is $12.5 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 $1.35 million a year before abatements, roughly $9.56 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
- 30-02 48TH AVE LIC OWNER LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $32,257,000
- Land market value
- $4,482,000
- Assessed value
- $14,515,650
- Taxable value (phased in)
- $12,469,140
- Estimated yearly tax
- About $1.35 million
- Tax per SF of floor area
- About $9.56
City market value by tax year
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How to find who owns any NYC buildingSource: 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 2026-10-16; 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
48-02 30th Place last sold in December 2025 for $34.5 million, according to the deed recorded with the city. ARE-NY REGION NO. 2 HOLDING, LLC and ARE-NY REGION NO. 2, LLC sold it to 30-02 48TH AVE LIC OWNER LLC. That comes to about $244 per square foot of floor area.
- Last sale (deed date)
- December 19, 2025
- Price
- $34,500,000
- Price per SF of floor area
- About $244
- Seller
- ARE-NY REGION NO. 2 HOLDING, LLC and ARE-NY REGION NO. 2, LLC
- Buyer
- 30-02 48TH AVE LIC OWNER LLC
- Deed recorded
- January 6, 2026
- ACRIS document
- 2026010200640001
Recorded sales
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-16; 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 use and emissions
48-02 30th Place'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 168.9 kBtu per square foot, about the same as the national median of 163.9 for a similar property. Its greenhouse gas emissions were about 2,011 metric tons of CO2e (14.3 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Laboratory
- Site energy use intensity
- 168.9 kBtu/SF
- National median for the type
- 163.9 kBtu/SF
- Greenhouse gas emissions
- 2,011 t CO2e
- Emissions per SF
- 14.3 kg CO2e
- Floor area in the filing
- 140,569 SF
Energy sources in 2024
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 2026-10-16; 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
Local Law 97 emissions limit
At its 2024 energy use, 48-02 30th Place comes to about 1,643 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 3,347 tons for 2024 to 2029 (49% of the limit), so it would owe no penalty. From 2030 the limit drops to 3,659 tons and the same energy use counts as about 1,133 tons, still under the limit.
- Period
- 2024 to 2029
- Emissions limit
- 3,347 t CO2e
- Estimated emissions
- 1,643 t CO2e
- Under the limit by
- 1,704 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 3,659 t CO2e
- Estimated emissions
- 1,133 t CO2e
- Under the limit by
- 2,526 t CO2e
- Estimated penalty a year
- None
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Laboratory 140,569 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.
How Local Law 97 works: who is covered, the 2030 limits and what owners, tenants and buyers should check.
Own or manage 48-02 30th Place? List a space here free and we match it against every active requirement.
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 48-02 30th Place. In the last two years, interior work was permitted on 3 floors (floors 1 to 3). The newest build-out, on floor 3, was first permitted in October 2026 (mechanical; filed cost estimate $11,000).
- New jobs, last 12 months
- 2
- Initial permits, last 12 months
- 2
- Newest job first permitted
- October 2026
- Interior build-outs, last 24 months
- 6
- Floors with interior work, last 24 months
- 1 to 3
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 2026-10-24 (permits issued through 2026-10-22). 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 office space listed in Long Island City yet
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Before you sign
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Questions about 48-02 30th Place
How big is 48-02 30th Place?
48-02 30th Place has about 141,000 square feet of floor area in total, including 72,000 square feet of office and 69,000 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 48-02 30th Place built?
City records list 1926 as the year built, with a major alteration recorded in 2017. The building is 3 floors tall.
What other addresses does 48-02 30th Place have?
City records list 48-02 to 48-30 30th Place, 48-01 to 48-29 30th Street and 30-02 to 30-28 48th Avenue on the same tax lot (BBL 4002870011) as 48-02 30th Place. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 48-02 30th Place?
48-02 30th Place 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 48-02 30th Place, Long Island City, NY 11101.
What is the zoning at 48-02 30th Place?
The lot is in the M2-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 2.84 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 48-02 30th Place?
The closest subway station to 48-02 30th Place is 33 St-Rawson St (the 7 train), about 0.4 miles away in a straight line, roughly 9 minutes on foot. Also nearby: Court Sq (the 7, G, E and F trains, connected to Court Sq-23 St), 10 min walk; Queens Plaza (the E, F and R trains), 11 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 48-02 30th Place?
The NYC Department of Finance's 2026/27 assessment roll lists 30-02 48TH AVE LIC OWNER LLC as the owner of record of 48-02 30th Place (BBL 4002870011). 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 48-02 30th Place last sold?
48-02 30th Place last sold in December 2025 for $34.5 million, according to the deed recorded with the city. ARE-NY REGION NO. 2 HOLDING, LLC and ARE-NY REGION NO. 2, LLC sold it to 30-02 48TH AVE LIC OWNER LLC. That comes to about $244 per square foot of floor area. The deed is ACRIS document 2026010200640001 (BBL 4002870011) 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.
Does 48-02 30th Place have an energy grade?
48-02 30th Place'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 168.9 kBtu per square foot, about the same as the national median of 163.9 for a similar property. Its greenhouse gas emissions were about 2,011 metric tons of CO2e (14.3 kg per square foot).
Does 48-02 30th Place meet Local Law 97?
At its 2024 energy use, 48-02 30th Place comes to about 1,643 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 3,347 tons for 2024 to 2029 (49% of the limit), so it would owe no penalty. From 2030 the limit drops to 3,659 tons and the same energy use counts as about 1,133 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.
Is there construction at 48-02 30th Place?
In the 12 months to October 2026, the Department of Buildings issued first permits for 2 jobs at 48-02 30th Place. In the last two years, interior work was permitted on 3 floors (floors 1 to 3). The newest build-out, on floor 3, was first permitted in October 2026 (mechanical; filed cost estimate $11,000). These are the Department of Buildings' DOB NOW work permits for tax lot 4002870011. 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 48-02 30th Place?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $12.5 million for 48-02 30th Place. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.35 million a year, roughly $9.56 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4002870011 show the actual bill.
What is the assessed value of 48-02 30th Place?
For tax year 2026/27, the NYC Department of Finance puts the market value of 48-02 30th Place at $32.3 million ($4.48 million of it land) and its assessed value at $14.5 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 18% from 2022/23 ($27.3 million) to 2026/27.
Is there office space for lease at 48-02 30th Place?
No space at 48-02 30th Place 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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