Retail building · Jackson Heights, Queens

79-55 Albion Avenue

Elmhurst, NY 11373

79-55 Albion Avenue is a 1-floor retail building in Jackson Heights, Queens, built in 2013, with about 44,000 square feet of retail space according to city records.

Retail space: 44K SF
Floors: 1
Year built: 2013
Zoning: M1-1

Retail space next to its nearest neighbors

40-31 82nd Street10 min walk47K SF
79-55 Albion AvenueThis building44K SF
79-17 Albion Avenue2 min walk43K SF

The 3rd largest of the 5 retail buildings we track in Jackson Heights. Compare it with 6 neighbors

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Compared with its neighbors

How 79-55 Albion Avenue compares

Next to the 6 nearest large retail buildings, all within a 16 minute walk, 79-55 Albion Avenue ranks 4th of 7 by retail floor area. It went up in 2013; the median neighbor dates from 1987. Its estimated property tax, about $14.18 a square foot of floor area before abatements, is above the neighbors' median of $13.41.

79-55 Albion Avenue and the 6 nearest large retail buildings: size, floors, year built, estimated property tax per square foot
Building	Retail space	Floors	Built	Tax / SF
79-55 Albion AvenueThis building	44K SF	1	2013	$14.18
79-17 Albion Avenue2 min walk	43K SF	2	2013	$12.52
40-31 82nd Street10 min walk	47K SF	2	2019	$14.29
88-15 Queens Boulevard11 min walk	459K SF	5	1965	$6.98
37-12 82nd Street13 min walk	36K SF	2	1928	$31.77
90-15 Queens Boulevard15 min walk	749K SF	7	1972	$11.72
58-06 92nd Street16 min walk	36K SF	4	2003	$15.60

The 3rd largest of the 5 retail buildings we track in Jackson Heights: 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 35,000 SF of the building's main use. Walking times are straight-line estimates.

NYC tax lot records

Building facts

ZIP code: 11373
Building type: Retail building (city class K1)
Total floor area: 43,710 SF
Commercial floor area: 43,710 SF
Retail: 43,710 SF
Height: 1 floor
Year built: 2013
Lot area: 43,381 SF
Zoning district: M1-1
Built FAR: 1.01
Max commercial FAR: 1
Tax lot (BBL): 4015360130

Nearest subway

Elmhurst Av4 min walk · Not accessible
Grand Av-Newtown8 min walk · Not accessible
82 St-Jackson Hts11 min walk · Not accessible

Nearby large buildings

76-09 Queens Boulevard36K SF office · 4 floors · 4 min walk
86-55 Queens Boulevard43K SF office · 4 floors · 10 min walk
74-09 37th Avenue75K SF office · 4 floors · 15 min walk
57-15 92nd Street235K SF retail · 6 floors · 17 min walk
91-31 Queens Boulevard64K SF office · 6 floors · 17 min walk
92-59 59th Avenue202K SF retail · 3 floors · 18 min walk
59-17 Junction Boulevard449K SF office · 20 floors · 21 min walk
96-05 Horace Harding Expre264K SF office · 6 floors · 22 min walk

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-05; subway stations from the MTA Subway Stations dataset, pulled 2026-10-05. 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

Property tax and assessed value

For tax year 2026/27 the city values 79-55 Albion Avenue at $12.8 million and assesses it at $5.75 million. After phase-ins and exemptions its taxable value is $5.71 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 $619,846 a year before abatements, roughly $14.18 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: $12,778,000
Land market value: $2,045,000
Assessed value: $5,750,100
Taxable value (phased in): $5,713,920
Estimated yearly tax: About $619,846
Tax per SF of floor area: About $14.18

City market value by tax year

2022/23$13.1 million
2023/24$13.5 million
2024/25$12 million
2025/26$12.1 million
2026/27$12.8 million

Market value fell 3% from 2022/23 ($13.1 million) to 2026/27.

How Jackson Heights compares: property tax per SF across NYC neighborhoods Estimate this tax bill, or a tenant's share of it

Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll), pulled 2026-10-09; 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

79-55 Albion Avenue reported an ENERGY STAR score of 72 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a B (70 to 84). Its site energy use came to 92.6 kBtu per square foot, 23% below the national median of 120.3 for a similar property. Its greenhouse gas emissions were about 469 metric tons of CO2e (9.71 kg per square foot).

ENERGY STAR score (2024): 72 of 100
Grade this score earns (Local Law 33): B (70 to 84)
Property type (Portfolio Manager): Supermarket/Grocery Store
Site energy use intensity: 92.6 kBtu/SF
National median for the type: 120.3 kBtu/SF
Greenhouse gas emissions: 469 t CO2e
Emissions per SF: 9.71 kg CO2e
Floor area in the filing: 48,300 SF

ENERGY STAR score by year

202262 (C)
202362 (C)
202472 (B)

Energy sources in 2024

Electricity83%
Natural gas17%

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 2026-10-09; 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

Period: 2024 to 2029
Emissions limit: 794 t CO2e
Estimated emissions: 355 t CO2e
Under the limit by: 439 t CO2e
Estimated penalty a year: None

Period: 2030 to 2034
Emissions limit: 219 t CO2e
Estimated emissions: 198 t CO2e
Under the limit by: 21 t CO2e
Estimated penalty a year: None

Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Non-Refrigerated Warehouse 18,210 SF; Supermarket/Grocery Store 30,090 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.

Own or manage 79-55 Albion Avenue? 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 1 job at 79-55 Albion Avenue.

New jobs, last 12 months: 1
Initial permits, last 12 months: 1
Newest job first permitted: January 2026
Interior build-outs, last 24 months: 0
Facade and sidewalk jobs, last 24 months: 1

New jobs by year

20210
20220
20230
20240
20250
2026 to date1

Build-outs across Jackson Heights Where NYC offices are being built out

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-09 (permits issued through 2026-10-06). 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 79-55 Albion Avenue

How big is 79-55 Albion Avenue?

79-55 Albion Avenue has about 44,000 square feet of floor area in total, including 44,000 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 79-55 Albion Avenue built?

City records list 2013 as the year built. The building is 1 floor tall.

What is the ZIP code of 79-55 Albion Avenue?

79-55 Albion Avenue is in ZIP code 11373, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 79-55 Albion Avenue, Elmhurst, NY 11373, in Jackson Heights.

What is the zoning at 79-55 Albion Avenue?

The lot is in the M1-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 1.01 and a maximum commercial FAR of 1 for this lot.

What subway station is closest to 79-55 Albion Avenue?

The closest subway station to 79-55 Albion Avenue is Elmhurst Av (the M and R trains), about 0.2 miles away in a straight line, roughly 4 minutes on foot. Also nearby: Grand Av-Newtown (the M and R trains), 8 min walk; 82 St-Jackson Hts (the 7 train), 11 min walk. Walking times are straight-line estimates; the street route is longer.

What is the energy grade of 79-55 Albion Avenue?

79-55 Albion Avenue reported an ENERGY STAR score of 72 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 72 earns a B. 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 92.6 kBtu per square foot, 23% below the national median of 120.3 for a similar property. Its greenhouse gas emissions were about 469 metric tons of CO2e (9.71 kg per square foot).

Does 79-55 Albion Avenue meet Local Law 97?

At its 2024 energy use, 79-55 Albion Avenue comes to about 355 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 794 tons for 2024 to 2029 (45% of the limit), so it would owe no penalty. From 2030 the limit drops to 219 tons and the same energy use counts as about 198 tons, still under the limit. 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 79-55 Albion Avenue?

In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 79-55 Albion Avenue. These are the Department of Buildings' DOB NOW work permits for tax lot 4015360130. 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 79-55 Albion Avenue?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $5.71 million for 79-55 Albion Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $619,846 a year, roughly $14.18 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4015360130 show the actual bill.

What is the assessed value of 79-55 Albion Avenue?

For tax year 2026/27, the NYC Department of Finance puts the market value of 79-55 Albion Avenue at $12.8 million ($2.04 million of it land) and its assessed value at $5.75 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 3% from 2022/23 ($13.1 million) to 2026/27.

Is there retail space for lease at 79-55 Albion Avenue?

No space at 79-55 Albion 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.

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