Queens

Commercial space in Long Island City

Long Island City is one stop from Midtown and has grown into a mixed office, life science, and industrial market. Its loft and warehouse buildings, from Queens Plaza and Dutch Kills to the Newtown Creek blocks along Review Avenue, offer large floors at a real discount to Manhattan.

Commercial properties
1,873
Industrial stock
15.7M SF
Median year built
1931
Known for
Industrial, Office, Flex / Creative

Building figures are existing stock from NYC PLUTO 26v2 tax lot records, not space on the market. More below.

On Leasemark No spaces or requirements posted in Long Island City yet. List a space and it is matched to every new requirement, or post what you need and get matched as spaces arrive.

Nothing listed in Long Island City yet

The labeled examples below show how spaces appear here; they are not on the market. Get an email the day a space here is posted, or list yours and it is matched to requirements the day it goes up.

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What a requirement here looks like

No live requirements in Long Island City yet. These labeled examples show what tenants post.

Want · Flex / Creative / Industrial

Content studio, flex space with freight

Posted by the tenant · Media

Where
Sunset Park, Garment District +1
Size
5,000 to 10,000 SF
Budget
to $45/SF
Move in
Dec 2026
Freight elevatorHigh ceilings
Owners: got a fit?I have a fit

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NYC tax lot records

The building stock in Long Island City

What already stands here, from the city's own property data. Useful for sizing a search before a single space is listed.

Commercial properties
1,873
Office space
15.0M SF
Retail space
4.1M SF
Built before 1940
53%

Largest industrial and storage buildings

  1. 6 floors · built 2024
  2. 8 floors · built 1920
  3. 2 floors · built 1972
  4. 3 floors · built 1924
  5. 3 floors · built 1951
All 153 large commercial buildings in Long Island City

Age, height and zoning

  • Median year built: 1931.
  • Median height: 2 floors.
  • Most common zoning districts: M1-1 (212), M1-4 (181), M1-3 (169). 87% of these lots are zoned for manufacturing.
  • 8 lots are designated city landmarks.

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16. Counts cover tax lots with commercial floor area within about 0.7 mi of Long Island City's commercial core, and each lot counts toward one neighborhood only, so boundaries are approximate. Building figures are the city's floor-area estimates, not available space.

MTA station data

Subway stations in Long Island City

Every station within about 0.7 mi of Long Island City's commercial core, closest first. Stations joined by a free transfer count once.

Stations
12
Subway lines
8
Fully accessible
4 of 12
Closest
21 St, 2 min walk

The 12 stations

  • 21 St2 min walk · Not accessible
  • Queensboro Plaza2 min walk · Accessible station
  • Vernon Blvd-Jackson Av2 min walk · Not accessible
  • Queens Plaza3 min walk · Accessible station
  • Hunters Point Av3 min walk · Not accessible
  • Court Sq5 min walk · Accessible station · connects to Court Sq-23 St
  • 36 St6 min walk · Not accessible
  • 21 St-Queensbridge7 min walk · Accessible station
  • 39 Av-Dutch Kills7 min walk · Not accessible
  • Steinway St8 min walk · Not accessible
  • 36 Av9 min walk · Not accessible
  • 33 St-Rawson St11 min walk · Not accessible

Lines

The 7, E, F, G, M, N, R and W trains stop within about 0.7 mi of Long Island City's core.

Step-free access

  • Queensboro Plaza (7 N W) is fully accessible.
  • Queens Plaza (E F R) is fully accessible.
  • Court Sq (7 G) is fully accessible.
  • 21 St-Queensbridge (M) is fully accessible.

Source: Metropolitan Transportation Authority, MTA Subway Stations, pulled 2026-10-16. Walking times are straight-line estimates from the nearest point of Long Island City's commercial core (the same area as the building counts), so the street route is longer. Accessibility is the MTA's rating for the named station. PATH, LIRR, Metro-North and ferries are not in this data.

NYC property records (ACRIS)

Recent building sales in Long Island City

45 sales of the large commercial buildings Leasemark tracks in Long Island City have been recorded since 2016, $2.41 billion in all. The newest 6 are below.

Newest sales

  1. 43-10 23rd Street$86.9 million
    July 2026 · $575 a SF · to 4310 23 ST LLC
  2. June 2026 · $202 a SF · to SKILLMAN 3302 LLC
  3. March 2026 · $217 a SF · to 2100 49 AVE LLC
  4. March 2026 · $1,355 a SF · to 42-02 NB OWNER LLC
  5. 43-10 21st Street$14.5 million
    March 2026 · $359 a SF · to MM 21 HOLDING LLC
  6. December 2025 · $200 a SF · to 4203 35 ST LLC

Since 2016

  • Largest: 34-35 Review Avenue, $369.3 million for 3 tax lots in September 2020.
  • Median price: about $293 a square foot of floor area, across 36 one-building sales.
  • Newest deed on record: July 2026. The city's open data runs about a month behind.
All 45 building sales in Long Island City

Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-16; prices as the deeds state them, buyers named only when they are companies. These are sales of the large buildings Leasemark tracks, not every sale here: condo buildings (sold unit by unit), partial interests and sales of the company that owns a building are left out.

NYC Department of Finance

Commercial property taxes in Long Island City

Of the 153 large commercial buildings Leasemark tracks in Long Island City, 140 carry property tax on the city's 2026/27 assessment roll. Their median estimated tax is about $5.61 per square foot of floor area a year, before abatements.

Largest estimated bills

  1. $16.88 a SF · market value $402.8 million
  2. $6.17 a SF · market value $248.7 million
  3. 23-30 Borden Avenue$7.97 million
    $10.26 a SF · market value $172.3 million
  4. 47-07 30th Place$7.25 million
    $6.13 a SF · market value $166.5 million
  5. 31-02 47th Avenue$4.16 million
    $7.25 a SF · market value $89.6 million
  6. $9.35 a SF · market value $73.7 million

Across 140 taxed buildings

  • The middle half pay between $3.74 and $7.18 a square foot of floor area a year.
  • Queens median: $5.65 a square foot, across 429 large buildings Leasemark tracks.
  • Median market value on the roll: about $142 a square foot. That is the city's valuation for tax, not a sale price.
  • 13 buildings are fully exempt, including 45-18 Court Square and 41-43 28th Street. Exemptions like these are common for government, nonprofit and PILOT properties.

Source: NYC Department of Finance, Property Valuation and Assessment Data, 2026/27 roll, pulled 2026-10-16. Estimates are the taxable value after exemptions times the Class 4 rate of 10.848% (tax year 2025/26, the latest the city lists), divided by the building's floor area in PLUTO. They leave out abatements such as ICAP, payment-in-lieu-of-taxes agreements and charges, so actual bills differ. Large buildings only (35,000 SF and up in Queens).

NYC Department of Buildings permits

Interior build-outs in Long Island City

In the 12 months to October 2026, the Department of Buildings issued first permits for 66 interior build-outs in 35 of the 153 large commercial buildings Leasemark tracks in Long Island City, with work permitted on 78 floors in all. Their filed cost estimates add up to about $112 million.

Most build-outs, last 12 months

  1. 6 floors with work
  2. 4 floors with work
  3. 5 floors with work
  4. 5 floors with work
  5. 4 floors with work
  6. 4 floors with work
  • 23% of the buildings tracked here had a build-out, against 19% across Queens.

Build-outs by quarter

  • Q1 202518
  • Q2 202519
  • Q3 202516
  • Q4 202510
  • Q1 202618
  • Q2 202614
  • Q3 202618
  • Q4 2026 to Oct 227

Newest

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). A build-out groups interior jobs (construction, mechanical, plumbing, sprinklers and the like) on the same floors first permitted within 120 days of each other, dated by its first permit. Only the large buildings Leasemark tracks count (35,000 SF and up), not every permit in the neighborhood. Costs are the estimates filed with the jobs. A permit does not say who the work is for.

Before you sign

Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.

All guides

Questions about Long Island City

How much commercial space is there in Long Island City?

New York City's PLUTO tax lot data (26v2) records about 44.9 million square feet of commercial floor area across 1,873 properties in the part of Long Island City Leasemark covers, including about 15 million square feet of office and about 4.1 million square feet of retail. The largest industrial and storage building by that measure is 28-90 Review Avenue, at about 655,000 square feet. That is the existing building stock, not space currently available.

What subway lines serve Long Island City?

Twelve subway stations sit within about 0.7 mi of Long Island City's commercial core, served by the 7, E, F, G, M, N, R and W trains. The closest is 21 St (G), roughly 2 minutes on foot; then Queensboro Plaza (7 N W), Vernon Blvd-Jackson Av (7), Queens Plaza (E F R), Hunters Point Av (7), Court Sq (7 G E F), 36 St (M R) and 5 more. Walking times are straight-line estimates from MTA station data.

Which subway stations in Long Island City are accessible?

Four of the twelve stations within about 0.7 mi of Long Island City's commercial core are fully accessible, per the MTA: Queensboro Plaza (7 N W), Queens Plaza (E F R), Court Sq (7 G) and 21 St-Queensbridge (M).

When did a large commercial building in Long Island City last sell?

The newest sale on record is 43-10 23rd Street, which sold in July 2026 for $86.9 million to 4310 23 ST LLC, per the deed recorded with the city. 45 sales, $2.41 billion in all, have been recorded of the large commercial buildings Leasemark tracks in Long Island City since 2016.

See every building sale in Long Island City

How much are commercial property taxes in Long Island City?

On the Department of Finance's 2026/27 assessment roll, the 140 large commercial buildings Leasemark tracks in Long Island City that pay property tax come to a median of about $5.61 per square foot of floor area a year, with the middle half between $3.74 and $7.18. That is the taxable value after exemptions times the Class 4 rate of 10.848% (tax year 2025/26, the latest the city lists), before abatements such as ICAP. The largest estimated bill is 28-10 Queens Plaza South, about $19.3 million a year. 13 more buildings are fully exempt. Many office leases pass a tenant's share of increases over a base year through as additional rent.

How taxes show up in gross and net leases

How much build-out work is happening in Long Island City?

In the 12 months to October 2026, the Department of Buildings issued first permits for 66 interior build-outs in 35 of the 153 large commercial buildings Leasemark tracks in Long Island City, with work permitted on 78 floors in all. Their filed cost estimates add up to about $112 million. The most were at 24-02 49th Avenue (7 build-outs). A build-out here is interior work on the same floors (construction, mechanical, plumbing, sprinklers and the like) first permitted within 120 days. New interior work usually follows a lease, so it is a rough sign of where tenants are moving in, but a permit does not say who the work is for.

Build-outs in every NYC neighborhood

Do tenants in Long Island City pay the NYC Commercial Rent Tax?

No. The Commercial Rent Tax only applies to space in Manhattan below 96th Street. It was repealed for Queens, so a commercial lease in Long Island City does not pay it at any rent.

See where the Commercial Rent Tax applies

Is it free to post on Leasemark?

Yes. Posting a space or a requirement is free. Contact details are only shared when both sides accept an intro.