Office building with commercial space · Forest Hills, Queens
68-54 Austin Street
Forest Hills, NY 11375
68-54 Austin Street is an 8-floor office building with commercial space in Forest Hills, Queens, built in 1986, with about 61,000 square feet of office space according to city records.
Also at 68-54 to 68-60 Austin Street.
- Office space
- 61K SF
- Floors
- 8
- Year built
- 1986
- Zoning
- R5D
The 3rd largest of the 5 office buildings we track in Forest Hills. Compare it with 3 neighbors
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Compared with its neighbors
How 68-54 Austin Street compares
Next to the 3 nearest large office buildings, all within a 19 minute walk, 68-54 Austin Street ranks 2nd of 4 by office floor area. Built in 1986, it is the newest of them. Its estimated property tax, about $6.75 a square foot of floor area before abatements, is close to the neighbors' median of $6.61.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 68-54 Austin Street | 61K SF | 8 | 1986 | $6.75 |
| 108-18 Queens Boulevard | 52K SF | 9 | 1930 | $16.90 |
| 95-25 Queens Boulevard | 212K SF | 11 | 1975 | $6.45 |
| 114-03 Queens Boulevard | 38K SF | 2 | 1951 | $6.61 |
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
Building facts
- Other address
- 68-54 to 68-60 Austin Street
- ZIP code
- 11375
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 84,008 SF
- Commercial floor area
- 84,008 SF
- Office
- 60,679 SF
- Retail
- 9,829 SF
- Height
- 8 floors
- Average floor
- About 10,500 SF (floor area divided by floors)
- Year built
- 1986
- Lot area
- 18,000 SF
- Zoning district
- R5D
- Built FAR
- 4.67
- Tax lot (BBL)
- 4032340029
Nearest subway
- Forest Hills-71 Av
- 67 Av
- 75 Av
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 68-60 AUSTIN ST/RLTY/CP as the owner of record. For tax year 2026/27 the city values 68-54 Austin Street at $12 million and assesses it at $5.42 million. After phase-ins and exemptions its taxable value is $5.22 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 $566,744 a year before abatements, roughly $6.75 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
- 68-60 AUSTIN ST/RLTY/CP
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $12,044,000
- Land market value
- $3,180,000
- Assessed value
- $5,419,800
- Taxable value (phased in)
- $5,224,410
- Estimated yearly tax
- About $566,744
- Tax per SF of floor area
- About $6.75
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 energy benchmarking (Local Law 84)
Energy score, grade and emissions
68-54 Austin Street reported an ENERGY STAR score of 29 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a D (under 55). Its site energy use came to 70.8 kBtu per square foot, 29% above the national median of 54.9 for a similar property. Its greenhouse gas emissions were about 443 metric tons of CO2e (6.28 kg per square foot).
- ENERGY STAR score (2024)
- 29 of 100
- Grade this score earns (Local Law 33)
- D (under 55)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 70.8 kBtu/SF
- National median for the type
- 54.9 kBtu/SF
- Greenhouse gas emissions
- 443 t CO2e
- Emissions per SF
- 6.28 kg CO2e
- Floor area in the filing
- 84,008 SF
ENERGY STAR score by year
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. 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.
Local Law 97 of 2019, estimated
Local Law 97 emissions limit
At its 2024 energy use, 68-54 Austin Street comes to about 356 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 634 tons for 2024 to 2029 (56% of the limit), so it would owe no penalty. From 2030 the limit drops to 180 tons and the same energy use counts as about 235 tons, about 55 tons over, or an estimated $15,000 a year unless the building cuts its emissions.
- Period
- 2024 to 2029
- Emissions limit
- 634 t CO2e
- Estimated emissions
- 356 t CO2e
- Under the limit by
- 278 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 180 t CO2e
- Estimated emissions
- 235 t CO2e
- Over the limit by
- 55 t CO2e
- Estimated penalty a year
- $15,000
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Strip Mall 9,829 SF; Office 60,679 SF; Parking 13,500 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 68-54 Austin Street? List a space here free and we match it against every active requirement.
NYC Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at 68-54 Austin Street in the 12 months to October 2026; the last one was first permitted in August 2022.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- August 2022
- Interior build-outs, last 24 months
- 0
New jobs by year
Build-outs across Forest HillsWhere 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 Forest Hills yet
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Real space close by
Listed now by its owner or broker. Open it and tap I'm interested to ask the lister for an intro; contact details are shared once both sides accept.
Next door, in Richmond Hill
13039 135th Rd
Before you sign
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Questions about 68-54 Austin Street
How big is 68-54 Austin Street?
68-54 Austin Street has about 84,000 square feet of floor area in total, including 61,000 square feet of office and 10,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 68-54 Austin Street built?
City records list 1986 as the year built. The building is 8 floors tall.
What other addresses does 68-54 Austin Street have?
City records list 68-54 to 68-60 Austin Street on the same tax lot (BBL 4032340029) as 68-54 Austin Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 68-54 Austin Street?
68-54 Austin Street is in ZIP code 11375, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 68-54 Austin Street, Forest Hills, NY 11375.
What is the zoning at 68-54 Austin Street?
The lot is in the R5D zoning district. PLUTO lists a built floor area ratio (FAR) of 4.67 for this lot.
What subway station is closest to 68-54 Austin Street?
The closest subway station to 68-54 Austin Street is Forest Hills-71 Av (the E, F, M and R trains), about 0.3 miles away in a straight line, roughly 6 minutes on foot. The MTA lists it as an accessible station. Also nearby: 67 Av (the M and R trains), 7 min walk; 75 Av (the E and F trains), 15 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 68-54 Austin Street?
The NYC Department of Finance's 2026/27 assessment roll lists 68-60 AUSTIN ST/RLTY/CP as the owner of record of 68-54 Austin Street (BBL 4032340029). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
What is the energy grade of 68-54 Austin Street?
68-54 Austin Street reported an ENERGY STAR score of 29 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 29 earns a D. 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 70.8 kBtu per square foot, 29% above the national median of 54.9 for a similar property. Its greenhouse gas emissions were about 443 metric tons of CO2e (6.28 kg per square foot).
Does 68-54 Austin Street meet Local Law 97?
At its 2024 energy use, 68-54 Austin Street comes to about 356 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 634 tons for 2024 to 2029 (56% of the limit), so it would owe no penalty. From 2030 the limit drops to 180 tons and the same energy use counts as about 235 tons, about 55 tons over, or an estimated $15,000 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.
Is there construction at 68-54 Austin Street?
The Department of Buildings issued no permits for new jobs at 68-54 Austin Street in the 12 months to October 2026; the last one was first permitted in August 2022. These are the Department of Buildings' DOB NOW work permits for tax lot 4032340029. 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 68-54 Austin Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $5.22 million for 68-54 Austin Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $566,744 a year, roughly $6.75 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4032340029 show the actual bill.
What is the assessed value of 68-54 Austin Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 68-54 Austin Street at $12 million ($3.18 million of it land) and its assessed value at $5.42 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 14% from 2022/23 ($10.5 million) to 2026/27.
Is there office space for lease at 68-54 Austin Street?
No space at 68-54 Austin Street is listed on Leasemark right now. Nearby on Leasemark: office space for lease at 13039 135th Rd in Richmond Hill (700 SF, $51.43/SF/yr). 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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Forest Hills
Transit hubs in Forest Hills
- E F M R at Forest Hills-71 Av
- E F at 75 Av
- LIRR at Forest Hills