Self-storage building · Long Island City, Queens
8-33 40th Avenue
Long Island City, NY 11101
8-33 40th Avenue is an 8-floor self-storage building in Long Island City, Queens, built in 1920, with about 330,000 square feet of industrial and storage space according to city records.
Also at 8-01 to 8-05 40th Avenue, 8-11 to 8-19 40th Avenue, 38-22 to 38-30 9th Street, 38-38 to 38-68 9th Street and 2 more.
- Industrial and storage space
- 330K SF
- Floors
- 8
- Year built
- 1920
- Zoning
- M1-3
The 2nd largest of the 102 industrial and storage buildings we track in Long Island City. Compare it with 6 neighbors
No space at 8-33 40th Avenue is listed on Leasemark yet. Own or broker space here? List it free and it is matched against every active requirement the day it goes up, or import a spreadsheet of up to 50 spaces at once. Nothing free right now? Get tenant alerts for Long Island City and hear the moment a tenant posts a requirement there. Manage or lease this building? Claim this page.
Print a one-page profile of this building for a tour book or a client proposal.
Compared with its neighbors
How 8-33 40th Avenue compares
Next to the 6 nearest large industrial and storage buildings, all within a 7 minute walk, 8-33 40th Avenue is the largest by industrial and storage floor area. It went up in 1920; the median neighbor dates from 1913. Its estimated property tax, about $5.76 a square foot of floor area before abatements, is above the neighbors' median of $3.15.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 8-33 40th Avenue | 330K SF | 8 | 1920 | $5.76 | n/a |
| 39-25 21st Street | 87K SF | 5 | 1925 | $3.51 | Dec 2020, $45.5M |
| 21-02 40th Avenue | 52K SF | 6 | 1912 | $2.37 | n/a |
| 40-18 22nd Street | 51K SF | 5 | 1915 | $3.70 | n/a |
| 40-24 22nd Street | 49K SF | 5 | 1913 | $2.42 | n/a |
| 21-22 40th Avenue | 44K SF | 6 | 1911 | $2.91 | n/a |
| 21-05 41st Avenue | 91K SF | 5 | 1913 | $3.40 | Jan 2025, $20.5M |
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 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other addresses
- 8-01 to 8-05 40th Avenue; 8-11 to 8-19 40th Avenue; 38-22 to 38-30 9th Street; 38-38 to 38-68 9th Street; 38-25 Vernon Boulevard; 38-31 to 38-63 Vernon Boulevard
- ZIP code
- 11101
- Building type
- Self-storage building (city class E7)
- Total floor area
- 407,140 SF
- Commercial floor area
- 407,140 SF
- Office
- 63,500 SF
- Industrial and storage
- 330,000 SF
- Height
- 8 floors
- Average floor
- About 50,900 SF (floor area divided by floors)
- Year built
- 1920
- Last major alteration
- 1986
- Lot area
- 97,500 SF
- Zoning district
- M1-3
- Built FAR
- 4.18
- Max commercial FAR
- 5
- Tax lot (BBL)
- 4004760001
Nearest subway
- 21 St-Queensbridge
- Queensboro Plaza
- Court Sq-23 St
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 VERNON BOULEVARD REALTY, LLC as the owner of record. For tax year 2026/27 the city values 8-33 40th Avenue at $87.3 million and assesses it at $39.3 million. After phase-ins and exemptions its taxable value is $21.6 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 $2.35 million a year before abatements, roughly $5.76 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
- VERNON BOULEVARD REALTY, LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $87,281,000
- Land market value
- $5,850,000
- Assessed value
- $39,276,450
- Taxable value (phased in)
- $21,631,230
- Estimated yearly tax
- About $2.35 million
- Tax per SF of floor area
- About $5.76
City market value by tax year
Manage or lease this building? Claim this page. Requests are reviewed by hand.
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.
Own or manage 8-33 40th Avenue? List a space here free and we match it against every active requirement. Renting it out yourself? Read the landlord's checklist.
NYC energy benchmarking (Local Law 84)
Energy use and emissions
8-33 40th Avenue's 2022 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), 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 30.2 kBtu per square foot, 23% below the national median of 39.4 for a similar property. Its greenhouse gas emissions were about 922 metric tons of CO2e (2.3 kg per square foot).
- ENERGY STAR score (2022)
- None given
- Property type (Portfolio Manager)
- Mixed Use Property
- Site energy use intensity
- 30.2 kBtu/SF
- National median for the type
- 39.4 kBtu/SF
- Greenhouse gas emissions
- 922 t CO2e
- Emissions per SF
- 2.3 kg CO2e
- Floor area in the filing
- 407,140 SF
Energy sources in 2022
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 (2022 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.
Local Law 97 of 2019, estimated
Local Law 97 emissions limit
At its 2022 energy use, 8-33 40th Avenue comes to about 924 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,974 tons for 2024 to 2029 (47% of the limit), so it would owe no penalty. From 2030 the limit drops to 352 tons and the same energy use counts as about 563 tons, about 211 tons over, or an estimated $57,000 a year unless the building cuts its emissions.
- Period
- 2024 to 2029
- Emissions limit
- 1,974 t CO2e
- Estimated emissions
- 924 t CO2e
- Under the limit by
- 1,050 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 352 t CO2e
- Estimated emissions
- 563 t CO2e
- Over the limit by
- 211 t CO2e
- Estimated penalty a year
- $57,000
Estimated from the owner's 2022 Local Law 84 filing, which reports energy by source and floor area by use: Non-Refrigerated Warehouse 165,000 SF; Self-Storage Facility 170,000 SF; Manufacturing/Industrial Plant 72,140 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 8-33 40th Avenue? 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 8-33 40th Avenue in the 12 months to October 2026; the last one was first permitted in January 2024.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- January 2024
- Interior build-outs, last 24 months
- 0
New jobs by year
Build-outs across Long Island CityWhere 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 industrial and storage space listed in Long Island City yet
Own or broker space at 8-33 40th Avenue? List it free: it shows on this page and is matched against every active requirement the day it goes up.
Before you sign
Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.
How much is commercial rent in NYC? Per square foot, by borough
What NYC office, retail and industrial buildings collect per square foot in each borough, from the city's own filings, with the monthly math and the costs on top of rent.
What does $/SF/yr mean? How to calculate rent per square foot
$/SF/yr is a year's rent for one square foot. How to turn it into a monthly bill, spot a monthly quote, and see what the rate leaves out before you compare spaces.
Tenant rep broker or going direct? Leasing in NYC
Should you hire a tenant rep broker or deal with landlords directly? Who pays commissions in NYC, what a tenant rep does, and how to choose one.
Questions about 8-33 40th Avenue
How big is 8-33 40th Avenue?
8-33 40th Avenue has about 407,000 square feet of floor area in total, including 64,000 square feet of office and 330,000 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 8-33 40th Avenue built?
City records list 1920 as the year built, with a major alteration recorded in 1986. The building is 8 floors tall.
What other addresses does 8-33 40th Avenue have?
City records list 8-01 to 8-05 40th Avenue, 8-11 to 8-19 40th Avenue, 38-22 to 38-30 9th Street, 38-38 to 38-68 9th Street, 38-25 Vernon Boulevard and 38-31 to 38-63 Vernon Boulevard on the same tax lot (BBL 4004760001) as 8-33 40th Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 8-33 40th Avenue?
8-33 40th Avenue is in ZIP code 11101, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 8-33 40th Avenue, Long Island City, NY 11101.
What is the zoning at 8-33 40th Avenue?
The lot is in the M1-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 4.18 and a maximum commercial FAR of 5 for this lot.
What subway station is closest to 8-33 40th Avenue?
The closest subway station to 8-33 40th Avenue is 21 St-Queensbridge (the M train), about 0.3 miles away in a straight line, roughly 6 minutes on foot. The MTA lists it as an accessible station. Also nearby: Queensboro Plaza (the 7, N and W trains), 12 min walk; Court Sq-23 St (the E, F, 7 and G trains, connected to Court Sq), 14 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 8-33 40th Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists VERNON BOULEVARD REALTY, LLC as the owner of record of 8-33 40th Avenue (BBL 4004760001). 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.
Does 8-33 40th Avenue have an energy grade?
8-33 40th Avenue's 2022 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), 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 30.2 kBtu per square foot, 23% below the national median of 39.4 for a similar property. Its greenhouse gas emissions were about 922 metric tons of CO2e (2.3 kg per square foot).
Does 8-33 40th Avenue meet Local Law 97?
At its 2022 energy use, 8-33 40th Avenue comes to about 924 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,974 tons for 2024 to 2029 (47% of the limit), so it would owe no penalty. From 2030 the limit drops to 352 tons and the same energy use counts as about 563 tons, about 211 tons over, or an estimated $57,000 a year unless the building cuts its emissions. This is an estimate from the owner's 2022 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 8-33 40th Avenue?
The Department of Buildings issued no permits for new jobs at 8-33 40th Avenue in the 12 months to October 2026; the last one was first permitted in January 2024. These are the Department of Buildings' DOB NOW work permits for tax lot 4004760001. 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 8-33 40th Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $21.6 million for 8-33 40th Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $2.35 million a year, roughly $5.76 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4004760001 show the actual bill.
What is the assessed value of 8-33 40th Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 8-33 40th Avenue at $87.3 million ($5.85 million of it land) and its assessed value at $39.3 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 156% from 2022/23 ($34.1 million) to 2026/27.
Is there industrial and storage space for lease at 8-33 40th Avenue?
No space at 8-33 40th 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.
2,723 buildings from city records
Look up another building
Size, owner of record and property tax, plus the last sale and energy grade where the city has them, for every large office, retail and industrial building we track. Type any address on the lot (like 350 Fifth Avenue), a building name, a street or a neighborhood.
Long Island City
Transit hubs in Long Island City
- 7 at Court Sq
- E F at Court Sq-23 St
- N W at Queensboro Plaza