Office building with commercial space · Jackson Heights, Queens

74-09 37th Avenue

Jackson Heights, NY 11372

74-09 37th Avenue is a 4-floor office building with commercial space in Jackson Heights, Queens, built in 1949, with about 75,000 square feet of office space according to city records.

Also at 74-01 to 74-27 37th Avenue.

Office space
75K SF
Floors
4
Year built
1949
Zoning
R7-1

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NYC tax lot records

Building facts

Other address
74-01 to 74-27 37th Avenue
ZIP code
11372
Building type
Office building with commercial space (city class O5)
Total floor area
92,914 SF
Commercial floor area
92,914 SF
Office
74,964 SF
Retail
17,950 SF
Height
4 floors
Year built
1949
Last major alteration
2024
Lot area
20,000 SF
Zoning district
R7-1
Built FAR
4.65
Tax lot (BBL)
4012740035

Nearest subway

  • 74 St-Broadway3 min walk · Accessible station · connects to Jackson Hts-Roosevelt Av
  • 69 St7 min walk · Not accessible
  • 65 St8 min walk · Not accessible

Nearby large buildings

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-09-30; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-09-30. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates.

NYC Department of Finance records

Owner, property tax and assessed value

The Department of Finance lists BARI TOWER LLC as the owner of record. For tax year 2026/27 the city values 74-09 37th Avenue at $24.9 million and assesses it at $11.2 million. After phase-ins and exemptions its taxable value is $10.5 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 $1.14 million a year before abatements, roughly $12.29 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.

Owner of record
BARI TOWER LLC
Tax class
Class 4 (commercial and industrial)
City market value
$24,922,000
Land market value
$3,000,000
Assessed value
$11,214,900
Taxable value (phased in)
$10,528,160
Estimated yearly tax
About $1.14 million
Tax per SF of floor area
About $12.29

City market value by tax year

  • 2022/23$24 million
  • 2023/24$24.5 million
  • 2024/25$24.7 million
  • 2025/26$24.4 million
  • 2026/27$24.9 million

Market value rose 4% from 2022/23 ($24 million) to 2026/27.

Commercial 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 2026-09-30; 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

74-09 37th Avenue last sold in January 2025 for $30 million, according to the deed recorded with the city. BRUSON BUILDING LLC sold it to BARI TOWER LLC. That comes to about $323 per square foot of floor area.

Last sale (deed date)
January 24, 2025
Price
$30,000,000
Price per SF of floor area
About $323
Seller
BRUSON BUILDING LLC
Buyer
BARI TOWER LLC
Deed recorded
January 31, 2025
ACRIS document
2025012801034002
Recent building sales across NYC

Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-09-30; 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 score, grade and emissions

74-09 37th Avenue reported an ENERGY STAR score of 89 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 32.3 kBtu per square foot, 47% below the national median of 60.6 for a similar property. Its greenhouse gas emissions were about 326 metric tons of CO2e (3.51 kg per square foot).

ENERGY STAR score (2024)
89 of 100
Grade this score earns (Local Law 33)
A (85 or higher)
Property type (Portfolio Manager)
Office
Site energy use intensity
32.3 kBtu/SF
National median for the type
60.6 kBtu/SF
Greenhouse gas emissions
326 t CO2e
Emissions per SF
3.51 kg CO2e
Floor area in the filing
93,000 SF

ENERGY STAR score by year

  • 202293 (A)
  • 202389 (A)
  • 202489 (A)

Energy sources in 2024

  • Electricity90%
  • Natural gas10%

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 2026-09-30; 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.

Before you sign

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Questions about 74-09 37th Avenue

How big is 74-09 37th Avenue?

74-09 37th Avenue has about 93,000 square feet of floor area in total, including 75,000 square feet of office and 18,000 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 74-09 37th Avenue built?

City records list 1949 as the year built, with a major alteration recorded in 2024. The building is 4 floors tall.

What other addresses does 74-09 37th Avenue have?

City records list 74-01 to 74-27 37th Avenue on the same tax lot (BBL 4012740035) as 74-09 37th Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 74-09 37th Avenue?

74-09 37th Avenue is in ZIP code 11372, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 74-09 37th Avenue, Jackson Heights, NY 11372.

What is the zoning at 74-09 37th Avenue?

The lot is in the R7-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 4.65 for this lot.

What subway station is closest to 74-09 37th Avenue?

The closest subway station to 74-09 37th Avenue is 74 St-Broadway (the 7, E, F, M and R trains, connected to Jackson Hts-Roosevelt Av), about 850 feet away in a straight line, roughly 3 minutes on foot. The MTA lists it as an accessible station. Also nearby: 69 St (the 7 train), 7 min walk; 65 St (the M and R trains), 8 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 74-09 37th Avenue?

The NYC Department of Finance's 2026/27 assessment roll lists BARI TOWER LLC as the owner of record of 74-09 37th Avenue (BBL 4012740035). 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 74-09 37th Avenue last sold?

74-09 37th Avenue last sold in January 2025 for $30 million, according to the deed recorded with the city. BRUSON BUILDING LLC sold it to BARI TOWER LLC. That comes to about $323 per square foot of floor area. The deed is ACRIS document 2025012801034002 (BBL 4012740035) 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.

What is the energy grade of 74-09 37th Avenue?

74-09 37th Avenue reported an ENERGY STAR score of 89 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 89 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 32.3 kBtu per square foot, 47% below the national median of 60.6 for a similar property. Its greenhouse gas emissions were about 326 metric tons of CO2e (3.51 kg per square foot).

What are the property taxes at 74-09 37th Avenue?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $10.5 million for 74-09 37th Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.14 million a year, roughly $12.29 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4012740035 show the actual bill.

What is the assessed value of 74-09 37th Avenue?

For tax year 2026/27, the NYC Department of Finance puts the market value of 74-09 37th Avenue at $24.9 million ($3 million of it land) and its assessed value at $11.2 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 4% from 2022/23 ($24 million) to 2026/27.

Is there office space for lease at 74-09 37th Avenue?

No space at 74-09 37th Avenue 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.