Factory and industrial building · Long Island City, Queens

49-47 31st Street

Long Island City, NY 11101

49-47 31st Street is a 1-floor factory and industrial building in Long Island City, Queens, built in 1931, with about 61,000 square feet of industrial and storage space according to city records.

Also at 49-47 to 49-49 31st Street and 31-05 to 31-15 Borden Avenue.

Industrial and storage space
61K SF
Floors
1
Year built
1931
Zoning
M2-1

Industrial and storage space next to its nearest neighbors

  1. 49-49 30th Street2 min walk112K SF
  2. 49-47 31st StreetThis building61K SF
  3. 49-20 Van Dam Street1 min walk52K SF

The 52nd 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 49-47 31st Street compares

Next to the 6 nearest large industrial and storage buildings, all within a 3 minute walk, 49-47 31st Street ranks 4th of 7 by industrial and storage floor area. It went up in 1931; the median neighbor dates from 1942. Its estimated property tax, about $6.63 a square foot of floor area before abatements, is above the neighbors' median of $5.79.

49-47 31st Street and the 6 nearest large industrial and storage buildings: size, floors, year built, estimated property tax per square foot
BuildingIndustrial and storage spaceFloorsBuiltTax / SF
49-47 31st StreetThis building61K SF11931$6.63
49-20 Van Dam Street1 min walk52K SF41932$7.24
49-49 30th Street2 min walk112K SF31953$5.58
31-10 48th Avenue3 min walk51K SF21955$5.63
30-27 Review Avenue3 min walk134K SF21955$4.60
30-28 Starr Avenue3 min walk145K SF61913$7.44
30-40 48th Avenue3 min walk59K SF21930$5.94
The 52nd 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). 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
49-47 to 49-49 31st Street; 31-05 to 31-15 Borden Avenue
ZIP code
11101
Building type
Factory and industrial building (city class F9)
Total floor area
64,875 SF
Commercial floor area
64,875 SF
Office
3,675 SF
Industrial and storage
61,200 SF
Height
1 floor
Year built
1931
Last major alteration
1995
Lot area
64,358 SF
Zoning district
M2-1
Built FAR
1.01
Max commercial FAR
2
Tax lot (BBL)
4002890001

Nearest subway

  • 33 St-Rawson St10 min walk · Not accessible
  • Court Sq14 min walk · Accessible station · connects to Court Sq-23 St
  • Hunters Point Av14 min walk · Not accessible

Nearby large buildings

All 10 large commercial buildings on Borden Avenue

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 4947 31ST STREET, LLC as the owner of record. For tax year 2026/27 the city values 49-47 31st Street at $9.48 million and assesses it at $4.27 million. After phase-ins and exemptions its taxable value is $3.97 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 $430,274 a year before abatements, roughly $6.63 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
4947 31ST STREET, LLC
Tax class
Class 4 (commercial and industrial)
City market value
$9,478,000
Land market value
$3,861,000
Assessed value
$4,265,100
Taxable value (phased in)
$3,966,390
Estimated yearly tax
About $430,274
Tax per SF of floor area
About $6.63

City market value by tax year

  • 2022/23$8.03 million
  • 2023/24$8.04 million
  • 2024/25$9.22 million
  • 2025/26$9.29 million
  • 2026/27$9.48 million

Market value rose 18% from 2022/23 ($8.03 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 energy benchmarking (Local Law 84)

Energy score, grade and emissions

49-47 31st Street reported an ENERGY STAR score of 99 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 14.4 kBtu per square foot, less than half the national median of 53.2 for a similar property. Its greenhouse gas emissions were about 82.8 metric tons of CO2e (1.29 kg per square foot).

ENERGY STAR score (2024)
99 of 100
Grade this score earns (Local Law 33)
A (85 or higher)
Property type (Portfolio Manager)
Office
Site energy use intensity
14.4 kBtu/SF
National median for the type
53.2 kBtu/SF
Greenhouse gas emissions
82.8 t CO2e
Emissions per SF
1.29 kg CO2e
Floor area in the filing
64,358 SF

Energy sources in 2024

  • Electricity58%
  • Natural gas42%

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 49-47 31st Street. In the last two years, interior work was permitted on 2 floors (floors 1 and 2). The newest build-out, on floors 1 and 2 and the roof, was first permitted in February 2026 (plumbing; filed cost estimate $40,000).

New jobs, last 12 months
1
Initial permits, last 12 months
1
Newest job first permitted
February 2026
Interior build-outs, last 24 months
1
Floors with interior work, last 24 months
1 and 2

Recent build-outs

  • Floors 1 and 2, roofFebruary 2026Plumbing; est. $40,000; signed off

New jobs by year

  • 20212
  • 20224
  • 20230
  • 20242
  • 20250
  • 2026 to date1

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 49-47 31st 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.

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Questions about 49-47 31st Street

How big is 49-47 31st Street?

49-47 31st Street has about 65,000 square feet of floor area in total, including 4,000 square feet of office and 61,000 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 49-47 31st Street built?

City records list 1931 as the year built, with a major alteration recorded in 1995. The building is 1 floor tall.

What other addresses does 49-47 31st Street have?

City records list 49-47 to 49-49 31st Street and 31-05 to 31-15 Borden Avenue on the same tax lot (BBL 4002890001) as 49-47 31st Street. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 49-47 31st Street?

49-47 31st 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 49-47 31st Street, Long Island City, NY 11101.

What is the zoning at 49-47 31st Street?

The lot is in the M2-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 1.01 and a maximum commercial FAR of 2 for this lot.

What subway station is closest to 49-47 31st Street?

The closest subway station to 49-47 31st Street is 33 St-Rawson St (the 7 train), about 0.5 miles away in a straight line, roughly 10 minutes on foot. Also nearby: Court Sq (the 7, G, E and F trains, connected to Court Sq-23 St), 14 min walk; Hunters Point Av (the 7 train), 14 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 49-47 31st Street?

The NYC Department of Finance's 2026/27 assessment roll lists 4947 31ST STREET, LLC as the owner of record of 49-47 31st Street (BBL 4002890001). 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.

What is the energy grade of 49-47 31st Street?

49-47 31st Street reported an ENERGY STAR score of 99 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 99 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 14.4 kBtu per square foot, less than half the national median of 53.2 for a similar property. Its greenhouse gas emissions were about 82.8 metric tons of CO2e (1.29 kg per square foot).

Is there construction at 49-47 31st Street?

In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 49-47 31st Street. In the last two years, interior work was permitted on 2 floors (floors 1 and 2). The newest build-out, on floors 1 and 2 and the roof, was first permitted in February 2026 (plumbing; filed cost estimate $40,000). These are the Department of Buildings' DOB NOW work permits for tax lot 4002890001. 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 49-47 31st Street?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $3.97 million for 49-47 31st Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $430,274 a year, roughly $6.63 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4002890001 show the actual bill.

What is the assessed value of 49-47 31st Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 49-47 31st Street at $9.48 million ($3.86 million of it land) and its assessed value at $4.27 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 18% from 2022/23 ($8.03 million) to 2026/27.

Is there industrial and storage space for lease at 49-47 31st Street?

No space at 49-47 31st 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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