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
49-33 31st Place is a 2-floor factory and industrial building in Long Island City, Queens, built in 1962, with about 43,000 square feet of industrial and storage space according to city records.
The 80th largest of the 102 industrial and storage buildings we track in Long Island City. Compare it with 6 neighbors
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Compared with its neighbors
Next to the 6 nearest large industrial and storage buildings, all within a 3 minute walk, 49-33 31st Place ranks 5th of 7 by industrial and storage floor area. Built in 1962, it is the newest of them. Its estimated property tax, about $5.29 a square foot of floor area before abatements, is below the neighbors' median of $5.61.
| Building | Industrial and storage space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 49-33 31st Place | 43K SF | 2 | 1962 | $5.29 |
| 49-20 Van Dam Street | 52K SF | 4 | 1932 | $7.24 |
| 49-47 31st Street | 61K SF | 1 | 1931 | $6.63 |
| 31-10 48th Avenue | 51K SF | 2 | 1955 | $5.63 |
| 48-05 Van Dam Street | 38K SF | 1 | 1930 | $5.09 |
| 48-50 33rd Street | 41K SF | 2 | 1956 | $3.94 |
| 49-49 30th Street | 112K SF | 3 | 1953 | $5.58 |
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; 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 storefront registry (Local Law 157)
Owners registered one storefront at 49-33 31st Place for December 31, 2024, the newest annual filing the city has published, and it was not vacant that day.
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Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2024, pulled 2026-10-09. Owners of buildings with ground- or second-floor storefronts register each one every year with its status on December 31; counts are by tax lot, as the owners filed them. The 2024 filing was due June 3, 2025, so a storefront vacant then may have been leased since. A vacant storefront is not always on the market, and none here is listed on Leasemark unless it shows above.
NYC Department of Finance records
The Department of Finance lists B9 HUNTERS POINT OWNER LLC as the owner of record. For tax year 2026/27 the city values 49-33 31st Place at $5.82 million and assesses it at $2.62 million. After phase-ins and exemptions its taxable value is $2.32 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 $251,559 a year before abatements, roughly $5.29 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.
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NYC property records (ACRIS)
49-33 31st Place last sold in June 2021 in a $20.6 million sale that covered 2 tax lots, this one among them, according to the deed recorded with the city. CONTEMPORARY CEILINGS, INC. sold it to B9 HUNTERS POINT OWNER LLC.
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-09; 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; a price for several tax lots is the combined price, not this building's alone.
NYC energy benchmarking (Local Law 84)
49-33 31st 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 169.7 kBtu per square foot, 37% below the national median of 269.6 for a similar property. Its greenhouse gas emissions were about 698 metric tons of CO2e (14.47 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, 49-33 31st Place comes to about 569 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 569 tons for 2024 to 2029 (100% of the limit), so it would owe no penalty. From 2030 the limit drops to 374 tons and the same energy use counts as about 390 tons, about 16 tons over, or an estimated $4,300 a year unless the building cuts its emissions.
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Food Service 48,214 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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49-33 31st Place has about 48,000 square feet of floor area in total, including 5,000 square feet of office and 43,000 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 1962 as the year built. The building is 2 floors tall.
49-33 31st 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 49-33 31st Place, Long Island City, NY 11101.
The lot is in the M2-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.95 and a maximum commercial FAR of 2 for this lot.
The closest subway station to 49-33 31st Place is 33 St-Rawson St (the 7 train), about 0.5 miles away in a straight line, roughly 9 minutes on foot. Also nearby: 40 St-Lowery St (the 7 train), 14 min walk; Court Sq (the 7, G, E and F trains, connected to Court Sq-23 St), 14 min walk. Walking times are straight-line estimates; the street route is longer.
The NYC Department of Finance's 2026/27 assessment roll lists B9 HUNTERS POINT OWNER LLC as the owner of record of 49-33 31st Place (BBL 4002880017). 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.
49-33 31st Place last sold in June 2021 in a $20.6 million sale that covered 2 tax lots, this one among them, according to the deed recorded with the city. CONTEMPORARY CEILINGS, INC. sold it to B9 HUNTERS POINT OWNER LLC. The deed is ACRIS document 2021060400825003 (BBL 4002880017) 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.
49-33 31st 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 169.7 kBtu per square foot, 37% below the national median of 269.6 for a similar property. Its greenhouse gas emissions were about 698 metric tons of CO2e (14.47 kg per square foot).
At its 2024 energy use, 49-33 31st Place comes to about 569 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 569 tons for 2024 to 2029 (100% of the limit), so it would owe no penalty. From 2030 the limit drops to 374 tons and the same energy use counts as about 390 tons, about 16 tons over, or an estimated $4,300 a year unless the building cuts its emissions. 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 $2.32 million for 49-33 31st Place. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $251,559 a year, roughly $5.29 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4002880017 show the actual bill.
For tax year 2026/27, the NYC Department of Finance puts the market value of 49-33 31st Place at $5.82 million ($2.5 million of it land) and its assessed value at $2.62 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 32% from 2022/23 ($4.42 million) to 2026/27.
Owners registered one storefront at 49-33 31st Place for December 31, 2024, the newest annual filing the city has published, and it was not vacant that day. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront may have come free since. Owners and brokers can list a storefront on Leasemark for free.
No space at 49-33 31st 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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