Warehouse · Glendale, Queens

66-31 Otto Road

Ridgewood, NY 11385

66-31 Otto Road is a 2-floor warehouse in Glendale, Queens, built in 1970, with about 86,000 square feet of industrial and storage space according to city records.

Industrial and storage space
86K SF
Floors
2
Year built
1970
Zoning
M1-1

Industrial and storage space next to its nearest neighbors

  1. 59-10 Decatur Street13 min walk216K SF
  2. 66-35 Otto Road1 min walk103K SF
  3. 66-31 Otto RoadThis building86K SF

The 3rd largest of the 9 industrial and storage buildings we track in Glendale. Compare it with 4 neighbors

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Compared with its neighbors

How 66-31 Otto Road compares

Next to the 4 nearest large industrial and storage buildings, all within a 19 minute walk, 66-31 Otto Road ranks 4th of 5 by industrial and storage floor area. It went up in 1970; the median neighbor dates from 1963. Its estimated property tax, about $3.26 a square foot of floor area before abatements, is below the neighbors' median of $3.70.

66-31 Otto Road and the 4 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
66-31 Otto RoadThis building86K SF21970$3.26Jun 2020, $40M
66-35 Otto Road1 min walk103K SF11970$4.01Jun 2020, $72M (2 lots)
59-10 Decatur Street13 min walk216K SF51922$2.66n/a
70-10 74th Street13 min walk57K SF21957$3.39n/a
976 Cypress Avenue19 min walk109K SF42017$8.40n/a
The 3rd largest of the 9 industrial and storage buildings we track in Glendale: 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

ZIP code
11385
Building type
Warehouse (city class E9)
Total floor area
91,000 SF
Commercial floor area
91,000 SF
Office
5,000 SF
Industrial and storage
86,000 SF
Height
2 floors
Year built
1970
Lot area
123,847 SF
Zoning district
M1-1
Built FAR
0.73
Max commercial FAR
1
Tax lot (BBL)
4036670579

Nearest subway

  • Middle Village-Metropolitan Av7 min walk · Accessible station
  • Fresh Pond Rd7 min walk · Not accessible
  • Forest Av15 min walk · Not accessible

Nearby large buildings

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-03; 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 SABER OTTO ROAD INDUSTRIAL HOLDINGS LLC as the owner of record. For tax year 2026/27 the city values 66-31 Otto Road at $6.5 million and assesses it at $2.92 million. After phase-ins and exemptions its taxable value is $2.73 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 $296,351 a year before abatements, roughly $3.26 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
SABER OTTO ROAD INDUSTRIAL HOLDINGS LLC
Tax class
Class 4 (commercial and industrial)
City market value
$6,495,000
Land market value
$2,472,000
Assessed value
$2,922,750
Taxable value (phased in)
$2,731,850
Estimated yearly tax
About $296,351
Tax per SF of floor area
About $3.26

City market value by tax year

  • 2022/23$5.91 million
  • 2023/24$5.9 million
  • 2024/25$6.1 million
  • 2025/26$6.16 million
  • 2026/27$6.5 million

Market value rose 10% from 2022/23 ($5.91 million) to 2026/27.

How Glendale 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

66-31 Otto Road last sold in June 2020 for $40 million, according to the deed recorded with the city. OTTO ROAD INDUSTRIAL, LLC sold it to 579 OTTO ROAD LLC. That comes to about $440 per square foot of floor area.

Last sale (deed date)
June 11, 2020
Price
$40,000,000
Price per SF of floor area
About $440
Seller
OTTO ROAD INDUSTRIAL, LLC
Buyer
579 OTTO ROAD LLC
Deed recorded
June 23, 2020
ACRIS document
2020061800746005

Recorded sales

All 4 building sales in Glendale 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 use and emissions

66-31 Otto Road's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score, 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 12.5 kBtu per square foot, less than half the national median of 35.5 for a similar property. Its greenhouse gas emissions were about 81.4 metric tons of CO2e (0.86 kg per square foot).

ENERGY STAR score (2024)
None given
Property type (Portfolio Manager)
Non-Refrigerated Warehouse
Site energy use intensity
12.5 kBtu/SF
National median for the type
35.5 kBtu/SF
Greenhouse gas emissions
81.4 t CO2e
Emissions per SF
0.86 kg CO2e
Floor area in the filing
95,000 SF

Energy sources in 2024

  • Natural gas75%
  • Electricity25%

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.

NYC Department of Buildings permits

Work permits and build-outs

The Department of Buildings issued no permits for new jobs at 66-31 Otto Road in the 12 months to October 2026; the last one was first permitted in September 2025. In the last two years, interior work was permitted on one floor (floor 2 and the ground floor). The newest build-out, on floor 2 and the roof, was first permitted in September 2025 (mechanical; filed cost estimate $18,000).

New jobs, last 12 months
0
Initial permits, last 12 months
0
Newest job first permitted
September 2025
Interior build-outs, last 24 months
2
Floors with interior work, last 24 months
2, ground floor

Recent build-outs

  • Floor 2, roofSeptember 2025Mechanical; est. $18,000; signed off
  • Ground floorJuly 2025Construction; est. $50,000

New jobs by year

  • 20212
  • 20221
  • 20231
  • 20241
  • 20252
  • 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.

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Questions about 66-31 Otto Road

How big is 66-31 Otto Road?

66-31 Otto Road has about 91,000 square feet of floor area in total, including 5,000 square feet of office and 86,000 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 66-31 Otto Road built?

City records list 1970 as the year built. The building is 2 floors tall.

What is the ZIP code of 66-31 Otto Road?

66-31 Otto Road is in ZIP code 11385, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 66-31 Otto Road, Ridgewood, NY 11385, in Glendale.

What is the zoning at 66-31 Otto Road?

The lot is in the M1-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.73 and a maximum commercial FAR of 1 for this lot.

What subway station is closest to 66-31 Otto Road?

The closest subway station to 66-31 Otto Road is Middle Village-Metropolitan Av (the M train), about 0.3 miles away in a straight line, roughly 7 minutes on foot. The MTA lists it as an accessible station. Also nearby: Fresh Pond Rd (the M train), 7 min walk; Forest Av (the M train), 15 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 66-31 Otto Road?

The NYC Department of Finance's 2026/27 assessment roll lists SABER OTTO ROAD INDUSTRIAL HOLDINGS LLC as the owner of record of 66-31 Otto Road (BBL 4036670579). 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 66-31 Otto Road last sold?

66-31 Otto Road last sold in June 2020 for $40 million, according to the deed recorded with the city. OTTO ROAD INDUSTRIAL, LLC sold it to 579 OTTO ROAD LLC. That comes to about $440 per square foot of floor area. The deed is ACRIS document 2020061800746005 (BBL 4036670579) 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 66-31 Otto Road have an energy grade?

66-31 Otto Road's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score, 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 12.5 kBtu per square foot, less than half the national median of 35.5 for a similar property. Its greenhouse gas emissions were about 81.4 metric tons of CO2e (0.86 kg per square foot).

Is there construction at 66-31 Otto Road?

The Department of Buildings issued no permits for new jobs at 66-31 Otto Road in the 12 months to October 2026; the last one was first permitted in September 2025. In the last two years, interior work was permitted on one floor (floor 2 and the ground floor). The newest build-out, on floor 2 and the roof, was first permitted in September 2025 (mechanical; filed cost estimate $18,000). These are the Department of Buildings' DOB NOW work permits for tax lot 4036670579. 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 66-31 Otto Road?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $2.73 million for 66-31 Otto Road. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $296,351 a year, roughly $3.26 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4036670579 show the actual bill.

What is the assessed value of 66-31 Otto Road?

For tax year 2026/27, the NYC Department of Finance puts the market value of 66-31 Otto Road at $6.5 million ($2.47 million of it land) and its assessed value at $2.92 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 10% from 2022/23 ($5.91 million) to 2026/27.

Is there industrial and storage space for lease at 66-31 Otto Road?

No space at 66-31 Otto Road 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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