Factory and industrial building · Maspeth, Queens
44-22 54th Road
Maspeth, NY 11378
44-22 54th Road is a 2-floor factory and industrial building in Maspeth, Queens, built in 1959, with about 68,000 square feet of industrial and storage space according to city records.
Also at 54-08 46th Street.
- Industrial and storage space
- 68K SF
- Floors
- 2
- Year built
- 1959
- Zoning
- M2-1
The 29th largest of the 42 industrial and storage buildings we track in Maspeth. Compare it with 6 neighbors
No space at 44-22 54th Road is listed on Leasemark yet. Own or broker space here? List it free and it is matched against every active requirement the day it goes up, or import a spreadsheet of up to 50 spaces at once.
Compared with its neighbors
How 44-22 54th Road compares
Next to the 6 nearest large industrial and storage buildings, all within a 9 minute walk, 44-22 54th Road ranks 5th of 7 by industrial and storage floor area. It went up in 1959; the median neighbor dates from 1963. Its estimated property tax, about $3.98 a square foot of floor area before abatements, is below the neighbors' median of $6.06.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 44-22 54th Road | 68K SF | 2 | 1959 | $3.98 | May 2011, $7.5M |
| 46-50 54th Avenue | 50K SF | 1 | 1957 | $6.05 | n/a |
| 55-30 46th Street | 69K SF | 2 | 1961 | $6.06 | Sep 2021, $57.3M |
| 46-05 56th Road | 293K SF | 1 | 1966 | $4.82 | n/a |
| 46-06 57th Avenue | 362K SF | 2 | 2016 | $8.14 | May 2016, $55.8M (3 lots) |
| 56-75 49th Place | 51K SF | 2 | 1967 | $4.80 | n/a |
| 57-22 57th Avenue | 82K SF | 1 | 1930 | $7.29 | Apr 2011, $11.5M (2 lots) |
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 50,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other address
- 54-08 46th Street
- ZIP code
- 11378
- Building type
- Factory and industrial building (city class F1)
- Total floor area
- 86,600 SF
- Commercial floor area
- 86,600 SF
- Office
- 18,500 SF
- Industrial and storage
- 68,100 SF
- Height
- 2 floors
- Year built
- 1959
- Last major alteration
- 1995
- Lot area
- 49,625 SF
- Zoning district
- M2-1
- Built FAR
- 1.75
- Max commercial FAR
- 2
- Tax lot (BBL)
- 4025360012
Nearest subway
- 46 St-Bliss St
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-09-30; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-09-30. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates.
NYC Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists F4 MASPETH LLC as the owner of record. For tax year 2026/27 the city values 44-22 54th Road at $8.3 million and assesses it at $3.74 million. After phase-ins and exemptions its taxable value is $3.18 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 $344,797 a year before abatements, roughly $3.98 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.
- Owner of record
- F4 MASPETH LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $8,301,000
- Land market value
- $1,737,000
- Assessed value
- $3,735,450
- Taxable value (phased in)
- $3,178,440
- Estimated yearly tax
- About $344,797
- Tax per SF of floor area
- About $3.98
City market value by tax year
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 2026-09-30; 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
44-22 54th Road last sold in May 2011 for $7.5 million, according to the deed recorded with the city. 44 MASPETH ASSOCIATES sold it to F4 MASPETH LLC. That comes to about $87 per square foot of floor area.
- Last sale (deed date)
- May 17, 2011
- Price
- $7,500,000
- Price per SF of floor area
- About $87
- Seller
- 44 MASPETH ASSOCIATES
- Buyer
- F4 MASPETH LLC
- Deed recorded
- May 25, 2011
- ACRIS document
- 2011051900485001
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-09-30; 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.
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Questions about 44-22 54th Road
How big is 44-22 54th Road?
44-22 54th Road has about 87,000 square feet of floor area in total, including 19,000 square feet of office and 68,000 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 44-22 54th Road built?
City records list 1959 as the year built, with a major alteration recorded in 1995. The building is 2 floors tall.
What other addresses does 44-22 54th Road have?
City records list 54-08 46th Street on the same tax lot (BBL 4025360012) as 44-22 54th Road. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 44-22 54th Road?
44-22 54th Road is in ZIP code 11378, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 44-22 54th Road, Maspeth, NY 11378.
What is the zoning at 44-22 54th Road?
The lot is in the M2-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 1.75 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 44-22 54th Road?
The closest subway station to 44-22 54th Road is 46 St-Bliss St (the 7 train), about 0.8 miles away in a straight line, roughly 17 minutes on foot. Walking times are straight-line estimates; the street route is longer.
Who owns 44-22 54th Road?
The NYC Department of Finance's 2026/27 assessment roll lists F4 MASPETH LLC as the owner of record of 44-22 54th Road (BBL 4025360012). 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 44-22 54th Road last sold?
44-22 54th Road last sold in May 2011 for $7.5 million, according to the deed recorded with the city. 44 MASPETH ASSOCIATES sold it to F4 MASPETH LLC. That comes to about $87 per square foot of floor area. The deed is ACRIS document 2011051900485001 (BBL 4025360012) 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 are the property taxes at 44-22 54th Road?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $3.18 million for 44-22 54th Road. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $344,797 a year, roughly $3.98 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4025360012 show the actual bill.
What is the assessed value of 44-22 54th Road?
For tax year 2026/27, the NYC Department of Finance puts the market value of 44-22 54th Road at $8.3 million ($1.74 million of it land) and its assessed value at $3.74 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 35% from 2022/23 ($6.17 million) to 2026/27.
Is there industrial and storage space for lease at 44-22 54th Road?
No space at 44-22 54th Road 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.
Maspeth
Transit hubs in Maspeth
- Q58 and Q59 buses on Grand Av
- Long Island Expressway and Brooklyn-Queens Expressway