Queens
Commercial space in Richmond Hill
Richmond Hill's main street is Jamaica Avenue, lined with shops under the elevated J train, which stops at 104th, 111th and 121st Streets. Its largest commercial buildings are industrial: warehouse and manufacturing buildings on the side streets around 121st and 123rd Streets just off Jamaica Avenue, and on Atlantic Avenue near the Van Wyck Expressway, where Richmond Hill meets Jamaica. Liberty Avenue, to the south in South Richmond Hill, is a busy Indo-Caribbean shopping street.
- Spaces
- 1
- Active requirements
- 0
- Commercial properties
- 587
- Known for
- Industrial, Retail
Building figures are existing stock from NYC PLUTO 26v2 tax lot records, not space on the market. More below.
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NYC tax lot records
The building stock in Richmond Hill
What already stands here, from the city's own property data. Useful for sizing a search before a single space is listed.
- Commercial properties
- 587
- Office space
- 725K SF
- Retail space
- 680K SF
- Built before 1940
- 78%
Largest industrial and storage buildings
All 12 large commercial buildings in Richmond HillAge, height and zoning
- Median year built: 1931.
- Median height: 2 floors.
- Most common zoning districts: R6A (189), R6B (103), M1-1 (96). 18% of these lots are zoned for manufacturing.
- 1 lot is 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 0.6 mi of Richmond Hill'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 Richmond Hill
Every station within about 0.6 mi of Richmond Hill's commercial core, closest first. Stations joined by a free transfer count once.
- Stations
- 2
- Subway lines
- 3
- Fully accessible
- 1 of 2
- Closest
- 121 St, 5 min walk
The 2 stations
- 121 St
- Jamaica-Van Wyck
Lines
The E, J and Z trains stop within about 0.6 mi of Richmond Hill's core.
Step-free access
- Jamaica-Van Wyck (E) 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 Richmond Hill'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 Richmond Hill
5 sales of the large commercial buildings Leasemark tracks in Richmond Hill have been recorded since 2016, $217.6 million in all.
Newest sales
Since 2016
- Largest: 87-16 121st Street, $84.7 million in January 2026.
- Median price: about $436 a square foot of floor area, across 4 one-building sales.
- Newest deed on record: January 2026. The city's open data runs about a month behind.
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 Richmond Hill
Of the 12 large commercial buildings Leasemark tracks in Richmond Hill, 9 carry property tax on the city's 2026/27 assessment roll. Their median estimated tax is about $5.65 per square foot of floor area a year, before abatements.
Largest estimated bills
Across 9 taxed buildings
- The middle half pay between $5.16 and $6.67 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 $153 a square foot. That is the city's valuation for tax, not a sale price.
- 3 buildings are fully exempt, including 134-14 Jamaica Avenue and 87-46 123rd Street. Exemptions like these are common for government, nonprofit and PILOT properties.
53rd highest of 73 NYC neighborhoods by tax per SFHow taxes show up in a lease
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 Richmond Hill
In the 12 months to October 2026, the Department of Buildings issued first permits for 4 interior build-outs in 2 of the 12 large commercial buildings Leasemark tracks in Richmond Hill, with work permitted on 4 floors in all. Their filed cost estimates add up to about $2.6 million.
Most build-outs, last 12 months
- 17% of the buildings tracked here had a build-out, against 19% across Queens.
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.
How much is commercial rent in NYC? Per square foot, by borough
What NYC office, retail and industrial buildings collect per square foot in each borough, from the city's own filings, with the monthly math and the costs on top of rent.
What does $/SF/yr mean? How to calculate rent per square foot
$/SF/yr is a year's rent for one square foot. How to turn it into a monthly bill, spot a monthly quote, and see what the rate leaves out before you compare spaces.
Tenant rep broker or going direct? Leasing in NYC
Should you hire a tenant rep broker or deal with landlords directly? Who pays commissions in NYC, what a tenant rep does, and how to choose one.
Questions about Richmond Hill
How much commercial space is there in Richmond Hill?
New York City's PLUTO tax lot data (26v2) records about 5.2 million square feet of commercial floor area across 587 properties in the part of Richmond Hill Leasemark covers, including about 725,000 square feet of office and about 680,000 square feet of retail. The largest industrial and storage building by that measure is 131-11 Atlantic Avenue, at about 170,000 square feet. That is the existing building stock, not space currently available.
What subway lines serve Richmond Hill?
Two subway stations sit within about 0.6 mi of Richmond Hill's commercial core, served by the E, J and Z trains. The closest is 121 St (J Z), roughly 5 minutes on foot; then Jamaica-Van Wyck (E). Walking times are straight-line estimates from MTA station data.
Which subway stations in Richmond Hill are accessible?
One of the two stations within about 0.6 mi of Richmond Hill's commercial core is fully accessible, per the MTA: Jamaica-Van Wyck (E).
When did a large commercial building in Richmond Hill last sell?
The newest sale on record is 87-16 121st Street, which sold in January 2026 for $84.7 million to 87-16 121ST ST PROPERTY OWNER, L.L.C., per the deed recorded with the city. 5 sales, $217.6 million in all, have been recorded of the large commercial buildings Leasemark tracks in Richmond Hill since 2016.
How much are commercial property taxes in Richmond Hill?
On the Department of Finance's 2026/27 assessment roll, the 9 large commercial buildings Leasemark tracks in Richmond Hill that pay property tax come to a median of about $5.65 per square foot of floor area a year, with the middle half between $5.16 and $6.67. 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 87-16 121st Street, about $799,118 a year. 3 more buildings are fully exempt. Many office leases pass a tenant's share of increases over a base year through as additional rent.
How much build-out work is happening in Richmond Hill?
In the 12 months to October 2026, the Department of Buildings issued first permits for 4 interior build-outs in 2 of the 12 large commercial buildings Leasemark tracks in Richmond Hill, with work permitted on 4 floors in all. Their filed cost estimates add up to about $2.6 million. The most were at 134-14 Jamaica Avenue (3 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.
Do tenants in Richmond Hill 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 Richmond Hill does not pay it at any rent.
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.
Getting there
- J at 121 St
- J at 111 St
- J at 104 St
- Van Wyck Expressway