Commercial building · Elmhurst, Queens
88-15 Queens Boulevard
Elmhurst, NY 11373
88-15 Queens Boulevard is a 5-floor commercial building in Elmhurst, Queens, built in 1965, with about 459,000 square feet of retail space according to city records.
Also at 89-18 to 89-34 Justice Avenue and 87-09 to 88-11 Queens Boulevard.
- Retail space
- 459K SF
- Floors
- 5
- Year built
- 1965
- Zoning
- C4-2
The 2nd largest of the 4 retail buildings we track in Elmhurst. Compare it with 3 neighbors
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Compared with its neighbors
How 88-15 Queens Boulevard compares
Next to the 3 nearest large retail buildings, all within a 7 minute walk, 88-15 Queens Boulevard ranks 2nd of 4 by retail floor area. Built in 1965, it is the oldest of them. Its estimated property tax, about $6.98 a square foot of floor area before abatements, is below the neighbors' median of $11.72.
| Building | Retail space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 88-15 Queens Boulevard | 459K SF | 5 | 1965 | $6.98 |
| 90-15 Queens Boulevard | 749K SF | 7 | 1972 | $11.72 |
| 57-15 92nd Street | 235K SF | 6 | 2004 | $12.23 |
| 92-59 59th Avenue | 202K SF | 3 | 2004 | $6.50 |
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 50,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other addresses
- 89-18 to 89-34 Justice Avenue; 87-09 to 88-11 Queens Boulevard
- ZIP code
- 11373
- Building type
- Commercial building (city class RK)
- Total floor area
- 1,091,866 SF
- Commercial floor area
- 1,091,866 SF
- Office
- 3,412 SF
- Retail
- 458,534 SF
- Height
- 5 floors
- Year built
- 1965
- Last major alteration
- 2023
- Lot area
- 190,000 SF
- Zoning district
- C4-2
- Built FAR
- 5.75
- Max commercial FAR
- 3.4
- Tax lot (BBL)
- 4018437501
Nearest subway
- Grand Av-Newtown
- Woodhaven Blvd
- Elmhurst Av
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-03; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-03. 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 storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered 21 storefronts at 88-15 Queens Boulevard for December 31, 2024, the newest annual filing the city has published, and 7 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2019.
- Storefronts registered for December 31, 2024
- 21
- Vacant that day
- 7
- Share vacant here
- 33.3%
- Share vacant across Elmhurst
- 8.4%
- Share vacant along Queens Boulevard
- 8.6%
- Share vacant citywide
- 8.7%
- Condominium tax lots that filed
- 1
Vacant on December 31, by year
Own or lease out a storefront at 88-15 Queens Boulevard? Listing it is free, and it is matched against every active requirement for retail space in Elmhurst the day it goes up.
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2024, pulled 2026-10-03. Owners of buildings with ground- or second-floor storefronts register each one every year with its status on December 31; counts are by tax lot, summed over the condominium's unit lot that filed, as the owners filed them. The 2024 filing was due June 3, 2025, so a storefront vacant then may have been leased since. A vacant storefront is not always on the market, and none here is listed on Leasemark unless it shows above.
NYC Department of Finance records
Owner, property tax and assessed value
88-15 Queens Boulevard is a condominium of 2 tax lots. TARGET CORPORATION, one of 2 owners of record on the roll, owns the units that make up 50% of its market value. For tax year 2026/27 the city values 88-15 Queens Boulevard at $187.9 million and assesses it at $84.5 million. After phase-ins and exemptions its taxable value is $70.2 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 $7.62 million a year before abatements, roughly $6.98 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.
- Largest unit owner
- TARGET CORPORATION (50% of market value)
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $187,857,000
- Land market value
- $20,900,000
- Assessed value
- $84,535,651
- Taxable value (phased in)
- $77,178,474
- Exemptions
- $6,942,285
- Estimated yearly tax
- About $7.62 million
- Tax per SF of floor area
- About $6.98
- Condominium tax lots
- 2
- Owners of record
- 2
City market value by tax year
Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll, summed over 2 condominium tax lots; owner names as the roll records them, which cuts some long names short), pulled 2026-10-03; 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 energy benchmarking (Local Law 84)
Energy use and emissions
88-15 Queens Boulevard's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (a campus of several buildings cannot get a score), 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 58.6 kBtu per square foot, 22% above the national median of 47.9 for a similar property. Its greenhouse gas emissions were about 3,351 metric tons of CO2e (6.13 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Retail Store
- Site energy use intensity
- 58.6 kBtu/SF
- National median for the type
- 47.9 kBtu/SF
- Greenhouse gas emissions
- 3,351 t CO2e
- Emissions per SF
- 6.13 kg CO2e
- Floor area in the filing
- 546,569 SF
Energy sources in 2024
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 2026-10-03; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
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 5 jobs at 88-15 Queens Boulevard. In the last two years, interior work was permitted on 5 floors (floors 1 to 5). The newest build-out, on floor 4 and the roof, was first permitted in May 2026 (mechanical; filed cost estimate $40,000).
- New jobs, last 12 months
- 5
- Initial permits, last 12 months
- 5
- Newest job first permitted
- June 2026
- Interior build-outs, last 24 months
- 6
- Floors with interior work, last 24 months
- 1 to 5
Recent build-outs
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 2026-10-03 (permits issued through 2026-10-01). 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 88-15 Queens Boulevard
How big is 88-15 Queens Boulevard?
88-15 Queens Boulevard has about 1.1 million square feet of floor area in total, including 3,000 square feet of office and 459,000 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 88-15 Queens Boulevard built?
City records list 1965 as the year built, with a major alteration recorded in 2023. The building is 5 floors tall.
What other addresses does 88-15 Queens Boulevard have?
City records list 89-18 to 89-34 Justice Avenue and 87-09 to 88-11 Queens Boulevard on the same tax lot (BBL 4018437501) as 88-15 Queens Boulevard. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 88-15 Queens Boulevard?
88-15 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 88-15 Queens Boulevard, Elmhurst, NY 11373.
What is the zoning at 88-15 Queens Boulevard?
The lot is in the C4-2 zoning district. PLUTO lists a built floor area ratio (FAR) of 5.75 and a maximum commercial FAR of 3.4 for this lot.
What subway station is closest to 88-15 Queens Boulevard?
The closest subway station to 88-15 Queens Boulevard is Grand Av-Newtown (the M and R trains), about 950 feet away in a straight line, roughly 4 minutes on foot. Also nearby: Woodhaven Blvd (the M and R trains), 6 min walk; Elmhurst Av (the M and R trains), 12 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 88-15 Queens Boulevard?
88-15 Queens Boulevard is a condominium of 2 tax lots. TARGET CORPORATION, one of 2 owners of record on the roll, owns the units that make up 50% of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 4018437501). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.
Does 88-15 Queens Boulevard have an energy grade?
88-15 Queens Boulevard's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (a campus of several buildings cannot get a score), 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 58.6 kBtu per square foot, 22% above the national median of 47.9 for a similar property. Its greenhouse gas emissions were about 3,351 metric tons of CO2e (6.13 kg per square foot).
Is there construction at 88-15 Queens Boulevard?
In the 12 months to October 2026, the Department of Buildings issued first permits for 5 jobs at 88-15 Queens Boulevard. In the last two years, interior work was permitted on 5 floors (floors 1 to 5). The newest build-out, on floor 4 and the roof, was first permitted in May 2026 (mechanical; filed cost estimate $40,000). These are the Department of Buildings' DOB NOW work permits for tax lot 4018437501. 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 88-15 Queens Boulevard?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $70.2 million for 88-15 Queens Boulevard (the sum of its 2 condominium tax lots). At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $7.62 million a year, roughly $6.98 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4018437501 show the actual bill.
What is the assessed value of 88-15 Queens Boulevard?
For tax year 2026/27, the NYC Department of Finance puts the market value of 88-15 Queens Boulevard at $187.9 million ($20.9 million of it land) and its assessed value at $84.5 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 7% from 2022/23 ($175.2 million) to 2026/27.
Are there vacant storefronts at 88-15 Queens Boulevard?
Owners registered 21 storefronts at 88-15 Queens Boulevard for December 31, 2024, the newest annual filing the city has published, and 7 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2019. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront vacant on December 31, 2024 may have been leased since. Owners and brokers can list a storefront on Leasemark for free.
Is there retail space for lease at 88-15 Queens Boulevard?
No space at 88-15 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