Self-storage building · Richmond Hill, Queens

87-16 121st Street

Richmond Hill, NY 11418

87-16 121st Street is a 7-floor self-storage building in Richmond Hill, Queens, built in 2020, with about 154,000 square feet of industrial and storage space according to city records.

Also at 87-19 120th Street and 87-16 to 87-22 121st Street.

Industrial and storage space: 154K SF
Floors: 7
Year built: 2020
Zoning: M1-5

Industrial and storage space next to its nearest neighbors

87-16 121st StreetThis building154K SF
87-40 121st Street1 min walk83K SF
119-24 Jamaica Avenue1 min walk46K SF
120-08 Jamaica Avenue1 min walk36K SF

The 2nd largest of the 9 industrial and storage buildings we track in Richmond Hill. Compare it with 6 neighbors

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Compared with its neighbors

How 87-16 121st Street compares

Next to the 6 nearest large industrial and storage buildings, all within a 12 minute walk, 87-16 121st Street ranks 2nd of 7 by industrial and storage floor area. Built in 2020, it is the newest of them. Its estimated property tax, about $5.16 a square foot of floor area before abatements, is above the neighbors' median of $4.75.

87-16 121st Street and the 6 nearest large industrial and storage buildings: size, floors, year built, estimated property tax per square foot and last sale
Building	Industrial and storage space	Floors	Built	Tax / SF	Last sale
87-16 121st StreetThis building	154K SF	7	2020	$5.16	Jan 2026, $84.7M
87-40 121st Street1 min walk	83K SF	6	1930	$5.65	Jan 2022, $46.5M
120-08 Jamaica Avenue1 min walk	36K SF	4	1902	Exempt	Oct 2023, $18M (4 lots)
119-24 Jamaica Avenue1 min walk	46K SF	5	2005	$5.64	n/a
87-46 123rd Street2 min walk	138K SF	3	1931	Exempt	Jun 2017, $18.1M
130-11 Atlantic Avenue12 min walk	45K SF	3	1930	$3.86	Feb 2010, $3.5M
131-11 Atlantic Avenue12 min walk	170K SF	4	1931	$2.76	n/a

The 2nd largest of the 9 industrial and storage buildings we track in Richmond Hill: 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); 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: 87-19 120th Street; 87-16 to 87-22 121st Street
ZIP code: 11418
Building type: Self-storage building (city class E7)
Total floor area: 154,782 SF
Commercial floor area: 154,782 SF
Industrial and storage: 153,732 SF
Height: 7 floors
Average floor: About 22,100 SF (floor area divided by floors)
Year built: 2020
Lot area: 24,700 SF
Zoning district: M1-5
Built FAR: 6.27
Max commercial FAR: 5
Tax lot (BBL): 4093300014

Nearest subway

121 St1 min walk · Not accessible
111 St8 min walk · Not accessible
Jamaica-Van Wyck13 min walk · Accessible station

Nearby large buildings

116-06 Myrtle Avenue35K SF office · 4 floors · 5 min walk
134-14 Jamaica Avenue107K SF office · 4 floors · 13 min walk
91-30 Van Wyck Expressway42K SF office · 2 floors · 14 min walk
93-30 Van Wyck Expressway47K SF industrial and storage · 6 floors · 16 min walk
93-38 Van Wyck Expressway41K SF industrial and storage · 6 floors · 16 min walk
138-54 94th Avenue143K SF industrial and storage · 3 floors · 19 min walk
144-17 91st Avenue81K SF industrial and storage · 2 floors · 20 min walk
118-01 Queens Boulevard62K SF office · 6 floors · 22 min walk

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 87-16 121ST ST PROPERTY OWNER, L.L.C. as the owner of record. For tax year 2026/27 the city values 87-16 121st Street at $27.3 million and assesses it at $12.3 million. After phase-ins and exemptions its taxable value is $7.37 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 $799,118 a year before abatements, roughly $5.16 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: 87-16 121ST ST PROPERTY OWNER, L.L.C.
Tax class: Class 4 (commercial and industrial)
City market value: $27,287,000
Land market value: $1,482,000
Assessed value: $12,279,150
Taxable value (phased in): $7,366,500
Estimated yearly tax: About $799,118
Tax per SF of floor area: About $5.16

City market value by tax year

2022/23$12.9 million
2023/24$13.6 million
2024/25$13.8 million
2025/26$14.2 million
2026/27$27.3 million

Market value rose 111% from 2022/23 ($12.9 million) to 2026/27.

How Richmond Hill compares: property tax per SF across NYC neighborhoods Estimate this tax bill, or a tenant's share of it How NYC commercial property tax works

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How to find who owns any NYC building

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 2026-10-16; 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 property records (ACRIS)

Sales history

Last sale (deed date): January 22, 2026
Price: $84,687,153
Price per SF of floor area: About $547
Seller: SS NYC 121ST STREET, L.L.C.
Buyer: 87-16 121ST ST PROPERTY OWNER, L.L.C.
Deed recorded: January 26, 2026
ACRIS document: 2026012300850013

Recorded sales

January 2026$84.7 million
April 2024$50.3 million

All 5 building sales in Richmond Hill since 2016

Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-16; 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 Department of Buildings permits

Work permits and build-outs

In the 12 months to October 2026, the Department of Buildings issued first permits for 2 jobs at 87-16 121st Street.

New jobs, last 12 months: 2
Initial permits, last 12 months: 2
Newest job first permitted: September 2026
Interior build-outs, last 24 months: 0

New jobs by year

20212
20227
20230
20240
20255
2026 to date2

Build-outs across Richmond Hill Where 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 Richmond Hill yet

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Questions about 87-16 121st Street

How big is 87-16 121st Street?

87-16 121st Street has about 155,000 square feet of floor area in total, including 154,000 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 87-16 121st Street built?

City records list 2020 as the year built. The building is 7 floors tall.

What other addresses does 87-16 121st Street have?

City records list 87-19 120th Street and 87-16 to 87-22 121st Street on the same tax lot (BBL 4093300014) as 87-16 121st Street. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 87-16 121st Street?

87-16 121st Street is in ZIP code 11418, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 87-16 121st Street, Richmond Hill, NY 11418.

What is the zoning at 87-16 121st Street?

The lot is in the M1-5 zoning district. PLUTO lists a built floor area ratio (FAR) of 6.27 and a maximum commercial FAR of 5 for this lot.

What subway station is closest to 87-16 121st Street?

The closest subway station to 87-16 121st Street is 121 St (the J and Z trains), about 350 feet away in a straight line, roughly 1 minute on foot. Also nearby: 111 St (the J train), 8 min walk; Jamaica-Van Wyck (the E train), 13 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 87-16 121st Street?

The NYC Department of Finance's 2026/27 assessment roll lists 87-16 121ST ST PROPERTY OWNER, L.L.C. as the owner of record of 87-16 121st Street (BBL 4093300014). 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 87-16 121st Street last sold?

87-16 121st Street last sold in January 2026 for $84.7 million, according to the deed recorded with the city. SS NYC 121ST STREET, L.L.C. sold it to 87-16 121ST ST PROPERTY OWNER, L.L.C.. That comes to about $547 per square foot of floor area. The deed is ACRIS document 2026012300850013 (BBL 4093300014) 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.

Is there construction at 87-16 121st Street?

In the 12 months to October 2026, the Department of Buildings issued first permits for 2 jobs at 87-16 121st Street. These are the Department of Buildings' DOB NOW work permits for tax lot 4093300014. 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 87-16 121st Street?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $7.37 million for 87-16 121st Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $799,118 a year, roughly $5.16 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4093300014 show the actual bill.

What is the assessed value of 87-16 121st Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 87-16 121st Street at $27.3 million ($1.48 million of it land) and its assessed value at $12.3 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 111% from 2022/23 ($12.9 million) to 2026/27.

Is there industrial and storage space for lease at 87-16 121st Street?

No space at 87-16 121st 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.

2,723 buildings from city records

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Richmond Hill

Transit hubs in Richmond Hill

J at 121 St
J at 111 St
J at 104 St
Van Wyck Expressway