Department store building · Elmhurst, Queens

92-59 59th Avenue

Elmhurst, NY 11373

92-59 59th Avenue is a 3-floor department store building in Elmhurst, Queens, built in 2004, with about 202,000 square feet of retail space according to city records.

Retail space
202K SF
Floors
3
Year built
2004
Zoning
C4-5X

Retail space next to its nearest neighbors

  1. 90-15 Queens Boulevard3 min walk749K SF
  2. 57-15 92nd Street1 min walk235K SF
  3. 92-59 59th AvenueThis building202K SF

The 4th largest of the 4 retail buildings we track in Elmhurst. Compare it with 3 neighbors

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Compared with its neighbors

How 92-59 59th Avenue compares

Next to the 3 nearest large retail buildings, all within a 7 minute walk, 92-59 59th Avenue is the smallest by retail floor area. It went up in 2004; the median neighbor dates from 1972. Its estimated property tax, about $6.50 a square foot of floor area before abatements, is below the neighbors' median of $11.72.

92-59 59th Avenue and the 3 nearest large retail buildings: size, floors, year built, estimated property tax per square foot
BuildingRetail spaceFloorsBuiltTax / SF
92-59 59th AvenueThis building202K SF32004$6.50
57-15 92nd Street1 min walk235K SF62004$12.23
90-15 Queens Boulevard3 min walk749K SF71972$11.72
88-15 Queens Boulevard7 min walk459K SF51965$6.98
The 4th largest of the 4 retail buildings we track in Elmhurst: 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 50,000 SF of the building's main use. Walking times are straight-line estimates.

NYC tax lot records

Building facts

ZIP code
11373
Building type
Department store building (city class K3)
Total floor area
202,383 SF
Commercial floor area
202,383 SF
Retail
202,383 SF
Height
3 floors
Average floor
About 67,500 SF (floor area divided by floors)
Year built
2004
Last major alteration
2024
Lot area
82,267 SF
Zoning district
C4-5X
Built FAR
2.46
Max commercial FAR
4
Tax lot (BBL)
4018600102

Nearest subway

  • Woodhaven Blvd3 min walk · Not accessible
  • 63 Dr-Rego Park10 min walk · Not accessible
  • Grand Av-Newtown10 min walk · Not accessible

Nearby large buildings

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-03; 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 one storefront at 92-59 59th Avenue for December 31, 2024, the newest annual filing the city has published, and it was not vacant that day.

Storefronts registered for December 31, 2024
1
Vacant that day
0
Share vacant across Elmhurst
8.4%
Share vacant citywide
8.7%

Vacant on December 31, by year

  • 20190 of 1
  • 20200 of 1
  • 20210 of 1
  • 20220 of 1
  • 20230 of 1
  • 20240 of 1

Bars show the share of the lot's registered storefronts that stood vacant.

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, 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

The Department of Finance lists QUEENS FLAGSHIP LLC as the owner of record. For tax year 2026/27 the city values 92-59 59th Avenue at $27 million and assesses it at $12.1 million. After phase-ins and exemptions its taxable value is $12.1 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 $1.32 million a year before abatements, roughly $6.50 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
QUEENS FLAGSHIP LLC
Tax class
Class 4 (commercial and industrial)
City market value
$26,954,000
Land market value
$10,283,000
Assessed value
$12,129,300
Estimated yearly tax
About $1.32 million
Tax per SF of floor area
About $6.50

City market value by tax year

  • 2022/23$26.1 million
  • 2023/24$30.7 million
  • 2024/25$27.4 million
  • 2025/26$26 million
  • 2026/27$27 million

Market value rose 3% from 2022/23 ($26.1 million) to 2026/27.

How Elmhurst compares: property tax per SF across NYC neighborhoods

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 2026-10-03; 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 property records (ACRIS)

Sales history

92-59 59th Avenue last sold in December 2021 for $40.5 million, according to the deed recorded with the city. CTL PROPCO I LLC sold it to QUEENS FLAGSHIP LLC.

Last sale (deed date)
December 23, 2021
Price
$40,500,000
Seller
CTL PROPCO I LLC
Buyer
QUEENS FLAGSHIP LLC
Deed recorded
January 5, 2022
ACRIS document
2021122800174001

Recorded sales

All 3 building sales in Elmhurst since 2016

Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-03; 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 energy benchmarking (Local Law 84)

Energy score, grade and emissions

92-59 59th Avenue reported an ENERGY STAR score of 86 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns an A (85 or higher). Its site energy use came to 42.5 kBtu per square foot, 37% below the national median of 67.3 for a similar property. Its greenhouse gas emissions were about 937 metric tons of CO2e (4.59 kg per square foot).

ENERGY STAR score (2024)
86 of 100
Grade this score earns (Local Law 33)
A (85 or higher)
Property type (Portfolio Manager)
Retail Store
Site energy use intensity
42.5 kBtu/SF
National median for the type
67.3 kBtu/SF
Greenhouse gas emissions
937 t CO2e
Emissions per SF
4.59 kg CO2e
Floor area in the filing
204,340 SF
ENERGY STAR certified
2013

ENERGY STAR score by year

  • 202283 (B)
  • 202383 (B)
  • 202486 (A)

Energy sources in 2024

  • Electricity88%
  • Natural gas12%

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 2026-10-03; 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.

NYC Department of Buildings permits

Work permits and build-outs

The Department of Buildings issued no permits for new jobs at 92-59 59th Avenue in the 12 months to October 2026; the last one was first permitted in June 2024.

New jobs, last 12 months
0
Initial permits, last 12 months
0
Newest job first permitted
June 2024
Interior build-outs, last 24 months
0

New jobs by year

  • 20210
  • 20220
  • 20235
  • 20243
  • 20250
  • 2026 to date0

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 92-59 59th Avenue

How big is 92-59 59th Avenue?

92-59 59th Avenue has about 202,000 square feet of floor area in total, including 202,000 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 92-59 59th Avenue built?

City records list 2004 as the year built, with a major alteration recorded in 2024. The building is 3 floors tall.

What is the ZIP code of 92-59 59th Avenue?

92-59 59th 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 92-59 59th Avenue, Elmhurst, NY 11373.

What is the zoning at 92-59 59th Avenue?

The lot is in the C4-5X zoning district. PLUTO lists a built floor area ratio (FAR) of 2.46 and a maximum commercial FAR of 4 for this lot.

What subway station is closest to 92-59 59th Avenue?

The closest subway station to 92-59 59th Avenue is Woodhaven Blvd (the M and R trains), about 800 feet away in a straight line, roughly 3 minutes on foot. Also nearby: 63 Dr-Rego Park (the M and R trains), 10 min walk; Grand Av-Newtown (the M and R trains), 10 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 92-59 59th Avenue?

The NYC Department of Finance's 2026/27 assessment roll lists QUEENS FLAGSHIP LLC as the owner of record of 92-59 59th Avenue (BBL 4018600102). 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 92-59 59th Avenue last sold?

92-59 59th Avenue last sold in December 2021 for $40.5 million, according to the deed recorded with the city. CTL PROPCO I LLC sold it to QUEENS FLAGSHIP LLC. The deed is ACRIS document 2021122800174001 (BBL 4018600102) 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.

What is the energy grade of 92-59 59th Avenue?

92-59 59th Avenue reported an ENERGY STAR score of 86 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 86 earns an A. 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 42.5 kBtu per square foot, 37% below the national median of 67.3 for a similar property. Its greenhouse gas emissions were about 937 metric tons of CO2e (4.59 kg per square foot).

Is there construction at 92-59 59th Avenue?

The Department of Buildings issued no permits for new jobs at 92-59 59th Avenue in the 12 months to October 2026; the last one was first permitted in June 2024. These are the Department of Buildings' DOB NOW work permits for tax lot 4018600102. 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 92-59 59th Avenue?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $12.1 million for 92-59 59th Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.32 million a year, roughly $6.50 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4018600102 show the actual bill.

What is the assessed value of 92-59 59th Avenue?

For tax year 2026/27, the NYC Department of Finance puts the market value of 92-59 59th Avenue at $27 million ($10.3 million of it land) and its assessed value at $12.1 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 3% from 2022/23 ($26.1 million) to 2026/27.

Are there vacant storefronts at 92-59 59th Avenue?

Owners registered one storefront at 92-59 59th Avenue for December 31, 2024, the newest annual filing the city has published, and it was not vacant that day. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront may have come free since. Owners and brokers can list a storefront on Leasemark for free.

Is there retail space for lease at 92-59 59th Avenue?

No space at 92-59 59th 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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