Retail building · Forest Hills, Queens
70-00 Austin Street
Forest Hills, NY 11375
70-00 Austin Street is a 2-floor retail building in Forest Hills, Queens, built in 1978, with about 75,000 square feet of retail space according to city records.
Also at 69-32 to 69-60 Austin Street.
- Retail space
- 75K SF
- Floors
- 2
- Year built
- 1978
- Zoning
- R5D
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Compared with its neighbors
How 70-00 Austin Street compares
Next to the 3 nearest large retail buildings, all within a 19 minute walk, 70-00 Austin Street ranks 2nd of 4 by retail floor area. Built in 1978, it is the newest of them. Its estimated property tax, about $15.82 a square foot of floor area before abatements, is above the neighbors' median of $10.41.
| Building | Retail space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 70-00 Austin Street | 75K SF | 2 | 1978 | $15.82 |
| 90-30 Metropolitan Avenue | 60K SF | 2 | 1952 | $13.37 |
| 72-25 Woodhaven Boulevard | 44K SF | 1 | 1959 | $10.41 |
| 73-25 Woodhaven Boulevard | 79K SF | 2 | 1955 | $7.64 |
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
- 69-32 to 69-60 Austin Street
- ZIP code
- 11375
- Building type
- Retail building (city class K2)
- Total floor area
- 79,814 SF
- Commercial floor area
- 79,814 SF
- Retail
- 74,574 SF
- Industrial and storage
- 2,804 SF
- Height
- 2 floors
- Year built
- 1978
- Last major alteration
- 1996
- Lot area
- 41,946 SF
- Zoning district
- R5D
- Built FAR
- 1.9
- Tax lot (BBL)
- 4032340150
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 storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered 9 storefronts at 70-00 Austin Street for December 31, 2025, the newest annual filing the city has published, and 1 of them stood vacant that day.
- Storefronts registered for December 31, 2025
- 9
- Vacant that day
- 1
- Share vacant here
- 11.1%
- Share vacant across Forest Hills
- 6.2%
- Share vacant citywide
- 9.2%
Vacant on December 31, by year
Own or lease out a storefront at 70-00 Austin Street? Listing it is free, and it is matched against every active requirement for retail space in Forest Hills the day it goes up.
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2025, pulled 2026-10-16. 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 2025 filing was due June 1, 2026, 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
Property tax and assessed value
For tax year 2026/27 the city values 70-00 Austin Street at $27.8 million and assesses it at $12.5 million. After phase-ins and exemptions its taxable value is $11.6 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 $1.26 million a year before abatements, roughly $15.82 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.
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $27,802,000
- Land market value
- $11,300,000
- Assessed value
- $12,510,900
- Taxable value (phased in)
- $11,640,540
- Estimated yearly tax
- About $1.26 million
- Tax per SF of floor area
- About $15.82
City market value by tax year
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Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll), 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
70-00 Austin Street reported an ENERGY STAR score of 17 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 122.5 kBtu per square foot, 58% above the national median of 77.5 for a similar property. Its greenhouse gas emissions were about 974 metric tons of CO2e (12.2 kg per square foot).
- ENERGY STAR score (2024)
- 17 of 100
- Grade this score earns (Local Law 33)
- D (under 55)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 122.5 kBtu/SF
- National median for the type
- 77.5 kBtu/SF
- Greenhouse gas emissions
- 974 t CO2e
- Emissions per SF
- 12.2 kg CO2e
- Floor area in the filing
- 79,814 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, 70-00 Austin Street comes to about 751 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 605 tons for 2024 to 2029: about 146 tons over, an estimated penalty of $39,000 a year. From 2030 the limit drops to 215 tons and the same energy use counts as about 441 tons, about 226 tons over, or an estimated $61,000 a year unless the building cuts its emissions.
- Period
- 2024 to 2029
- Emissions limit
- 605 t CO2e
- Estimated emissions
- 751 t CO2e
- Over the limit by
- 146 t CO2e
- Estimated penalty a year
- $39,000
- Period
- 2030 to 2034
- Emissions limit
- 215 t CO2e
- Estimated emissions
- 441 t CO2e
- Over the limit by
- 226 t CO2e
- Estimated penalty a year
- $61,000
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Office 79,814 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 70-00 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
In the 12 months to October 2026, the Department of Buildings issued first permits for 5 jobs at 70-00 Austin Street. In the last two years, interior work was permitted on 2 floors (floors 1 and 2, the basement and the ground floor). The newest build-out, on floor 2, was first permitted in October 2026 (mechanical; filed cost estimate $120,000).
- New jobs, last 12 months
- 5
- Initial permits, last 12 months
- 5
- Newest job first permitted
- October 2026
- Interior build-outs, last 24 months
- 6
- Floors with interior work, last 24 months
- 1 and 2, basement, ground floor
- Facade and sidewalk jobs, last 24 months
- 1
Recent build-outs
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 retail space listed in Forest Hills yet
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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 70-00 Austin Street
How big is 70-00 Austin Street?
70-00 Austin Street has about 80,000 square feet of floor area in total, including 75,000 square feet of retail and 3,000 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 70-00 Austin Street built?
City records list 1978 as the year built, with a major alteration recorded in 1996. The building is 2 floors tall.
What other addresses does 70-00 Austin Street have?
City records list 69-32 to 69-60 Austin Street on the same tax lot (BBL 4032340150) as 70-00 Austin Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 70-00 Austin Street?
70-00 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 70-00 Austin Street, Forest Hills, NY 11375.
What is the zoning at 70-00 Austin Street?
The lot is in the R5D zoning district. PLUTO lists a built floor area ratio (FAR) of 1.9 for this lot.
What subway station is closest to 70-00 Austin Street?
The closest subway station to 70-00 Austin Street is Forest Hills-71 Av (the E, F, M and R trains), about 950 feet away in a straight line, roughly 4 minutes on foot. The MTA lists it as an accessible station. Also nearby: 67 Av (the M and R trains), 9 min walk; 75 Av (the E and F trains), 12 min walk. Walking times are straight-line estimates; the street route is longer.
What is the energy grade of 70-00 Austin Street?
70-00 Austin Street reported an ENERGY STAR score of 17 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 17 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 122.5 kBtu per square foot, 58% above the national median of 77.5 for a similar property. Its greenhouse gas emissions were about 974 metric tons of CO2e (12.2 kg per square foot).
Does 70-00 Austin Street meet Local Law 97?
At its 2024 energy use, 70-00 Austin Street comes to about 751 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 605 tons for 2024 to 2029: about 146 tons over, an estimated penalty of $39,000 a year. From 2030 the limit drops to 215 tons and the same energy use counts as about 441 tons, about 226 tons over, or an estimated $61,000 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 70-00 Austin Street?
In the 12 months to October 2026, the Department of Buildings issued first permits for 5 jobs at 70-00 Austin Street. In the last two years, interior work was permitted on 2 floors (floors 1 and 2, the basement and the ground floor). The newest build-out, on floor 2, was first permitted in October 2026 (mechanical; filed cost estimate $120,000). These are the Department of Buildings' DOB NOW work permits for tax lot 4032340150. 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 70-00 Austin Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $11.6 million for 70-00 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 $1.26 million a year, roughly $15.82 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4032340150 show the actual bill.
What is the assessed value of 70-00 Austin Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 70-00 Austin Street at $27.8 million ($11.3 million of it land) and its assessed value at $12.5 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 1% from 2022/23 ($27.5 million) to 2026/27.
Are there vacant storefronts at 70-00 Austin Street?
Owners registered 9 storefronts at 70-00 Austin Street for December 31, 2025, the newest annual filing the city has published, and 1 of them stood vacant that day. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront vacant on December 31, 2025 may have been leased since. Owners and brokers can list a storefront on Leasemark for free.
Is there retail space for lease at 70-00 Austin Street?
No space at 70-00 Austin 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.
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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