Office building with commercial space · Elmhurst, Queens
86-55 Queens Boulevard
Elmhurst, NY 11373
86-55 Queens Boulevard is a 4-floor office building with commercial space in Elmhurst, Queens, built in 2022, with about 43,000 square feet of office space according to city records.
Also at 86-51 to 86-55 Queens Boulevard.
- Office space
- 43K SF
- Floors
- 4
- Year built
- 2022
- Zoning
- C4-2
The 5th largest of the 5 office buildings we track in Elmhurst. Compare it with 5 neighbors
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Compared with its neighbors
How 86-55 Queens Boulevard compares
Next to the 5 nearest large office buildings, all within a 15 minute walk, 86-55 Queens Boulevard ranks 5th of 6 by office floor area. Built in 2022, it is the newest of them. Its estimated property tax, about $9.17 a square foot of floor area before abatements, is above the neighbors' median of $7.38.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 86-55 Queens Boulevard | 43K SF | 4 | 2022 | $9.17 |
| 91-31 Queens Boulevard | 64K SF | 6 | 1963 | $14.25 |
| 59-17 Junction Boulevard | 449K SF | 20 | 1970 | $7.27 |
| 96-05 Horace Harding Expre | 264K SF | 6 | 1966 | $7.62 |
| 76-09 Queens Boulevard | 36K SF | 4 | 2014 | $7.38 |
| 95-25 Queens Boulevard | 212K SF | 11 | 1975 | $6.45 |
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
- 86-51 to 86-55 Queens Boulevard
- ZIP code
- 11373
- Building type
- Office building with commercial space (city class O5)
- Total floor area
- 83,720 SF
- Commercial floor area
- 83,720 SF
- Office
- 43,185 SF
- Height
- 4 floors
- Year built
- 2022
- Last major alteration
- 2023
- Lot area
- 21,552 SF
- Zoning district
- C4-2
- Built FAR
- 3.88
- Max commercial FAR
- 3.4
- Tax lot (BBL)
- 4018420066
Nearest subway
- Grand Av-Newtown
- Woodhaven Blvd
- Elmhurst Av
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-05; addresses from the Property Address Directory (PAD) 26b; 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
Owner, property tax and assessed value
The Department of Finance lists JUSTICE AVE TOWER II, LLC as the owner of record. For tax year 2026/27 the city values 86-55 Queens Boulevard at $15.9 million and assesses it at $7.15 million. After phase-ins and exemptions its taxable value is $7.08 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 $767,749 a year before abatements, roughly $9.17 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
- JUSTICE AVE TOWER II, LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $15,888,000
- Land market value
- $2,802,000
- Assessed value
- $7,149,600
- Taxable value (phased in)
- $7,077,330
- Estimated yearly tax
- About $767,749
- Tax per SF of floor area
- About $9.17
City market value by tax year
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 2026-10-09; 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 Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at 86-55 Queens Boulevard in the 12 months to October 2026; the last one was first permitted in September 2025.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- September 2025
- Interior build-outs, last 24 months
- 0
New jobs by year
Build-outs across ElmhurstWhere 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 86-55 Queens Boulevard
How big is 86-55 Queens Boulevard?
86-55 Queens Boulevard has about 84,000 square feet of floor area in total, including 43,000 square feet of office, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 86-55 Queens Boulevard built?
City records list 2022 as the year built, with a major alteration recorded in 2023. The building is 4 floors tall.
What other addresses does 86-55 Queens Boulevard have?
City records list 86-51 to 86-55 Queens Boulevard on the same tax lot (BBL 4018420066) as 86-55 Queens Boulevard. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 86-55 Queens Boulevard?
86-55 Queens Boulevard 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 86-55 Queens Boulevard, Elmhurst, NY 11373.
What is the zoning at 86-55 Queens Boulevard?
The lot is in the C4-2 zoning district. PLUTO lists a built floor area ratio (FAR) of 3.88 and a maximum commercial FAR of 3.4 for this lot.
What subway station is closest to 86-55 Queens Boulevard?
The closest subway station to 86-55 Queens Boulevard is Grand Av-Newtown (the M and R trains), about 500 feet away in a straight line, roughly 2 minutes on foot. Also nearby: Woodhaven Blvd (the M and R trains), 8 min walk; Elmhurst Av (the M and R trains), 11 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 86-55 Queens Boulevard?
The NYC Department of Finance's 2026/27 assessment roll lists JUSTICE AVE TOWER II, LLC as the owner of record of 86-55 Queens Boulevard (BBL 4018420066). 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.
Is there construction at 86-55 Queens Boulevard?
The Department of Buildings issued no permits for new jobs at 86-55 Queens Boulevard in the 12 months to October 2026; the last one was first permitted in September 2025. These are the Department of Buildings' DOB NOW work permits for tax lot 4018420066. 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 86-55 Queens Boulevard?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $7.08 million for 86-55 Queens Boulevard. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $767,749 a year, roughly $9.17 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4018420066 show the actual bill.
What is the assessed value of 86-55 Queens Boulevard?
For tax year 2026/27, the NYC Department of Finance puts the market value of 86-55 Queens Boulevard at $15.9 million ($2.8 million of it land) and its assessed value at $7.15 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 260% from 2022/23 ($4.41 million) to 2026/27.
Is there office space for lease at 86-55 Queens Boulevard?
No space at 86-55 Queens Boulevard 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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Elmhurst
Transit hubs in Elmhurst
- M R at Woodhaven Blvd
- M R at Grand Av-Newtown
- 7 at 90 St-Elmhurst Av