Factory and industrial building · Ridgewood, Queens
47-40 Metropolitan Avenue
Ridgewood, NY 11385
47-40 Metropolitan Avenue is a 2-floor factory and industrial building in Ridgewood, Queens, built in 1922, with about 52,000 square feet of industrial and storage space according to city records.
Also at 47-38 to 47-40 Metropolitan Avenue and 63 Woodward Avenue.
- Industrial and storage space
- 52K SF
- Floors
- 2
- Year built
- 1922
- Zoning
- M1-1
The 13th largest of the 16 industrial and storage buildings we track in Ridgewood. Compare it with 6 neighbors
No space at 47-40 Metropolitan Avenue 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. Nothing free right now? Get tenant alerts for Ridgewood and hear the moment a tenant posts a requirement there.
Compared with its neighbors
How 47-40 Metropolitan Avenue compares
Next to the 6 nearest large industrial and storage buildings, all within a 4 minute walk, 47-40 Metropolitan Avenue ranks 6th of 7 by industrial and storage floor area. It went up in 1922; the median neighbor dates from 1930. Its property tax is fully exempt on the city's assessment roll.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 47-40 Metropolitan Avenue | 52K SF | 2 | 1922 | Exempt | Mar 2014, $7.8M |
| 63-63 Woodward Avenue | 73K SF | 1 | 1922 | Exempt | n/a |
| 47-05 Metropolitan Avenue | 148K SF | 2 | 1938 | $4.33 | n/a |
| 48-05 Metropolitan Avenue | 126K SF | 2 | 1930 | $0.80 | n/a |
| 49-29 Metropolitan Avenue | 51K SF | 1 | 1930 | $5.92 | Dec 2015, $13.8M |
| 18-19 Flushing Avenue | 54K SF | 2 | 1926 | $4.23 | n/a |
| 18-13 Flushing Avenue | 56K SF | 1 | 1947 | $5.66 | n/a |
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 addresses
- 47-38 to 47-40 Metropolitan Avenue; 63 Woodward Avenue
- ZIP code
- 11385
- Building type
- Factory and industrial building (city class F9)
- Total floor area
- 55,860 SF
- Commercial floor area
- 55,860 SF
- Office
- 4,000 SF
- Industrial and storage
- 51,860 SF
- Height
- 2 floors
- Year built
- 1922
- Lot area
- 26,273 SF
- Zoning district
- M1-1
- Built FAR
- 2.13
- Max commercial FAR
- 1
- Tax lot (BBL)
- 4033750015
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 Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists ADD INDUSTRIES LLC as the owner of record. For tax year 2026/27 the city values 47-40 Metropolitan Avenue at $6.14 million and assesses it at $2.76 million. Exemptions on the roll cover the whole taxable value, which is common for government, nonprofit and payment-in-lieu-of-taxes properties.
- Owner of record
- ADD INDUSTRIES LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $6,138,000
- Land market value
- $1,428,000
- Assessed value
- $2,762,100
- Exemptions
- $2,762,100
- Estimated yearly tax
- Fully exempt on the roll
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 2026-10-03. Exempt properties can still owe charges or payments in lieu of taxes that the roll does not show.
NYC property records (ACRIS)
Sales history
47-40 Metropolitan Avenue last sold in March 2014 for $7.85 million, according to the deed recorded with the city. TEAM GROUP LLC sold it to ADD INDUSTRIES LLC. That comes to about $141 per square foot of floor area.
- Last sale (deed date)
- March 28, 2014
- Price
- $7,850,000
- Price per SF of floor area
- About $141
- Seller
- TEAM GROUP LLC
- Buyer
- ADD INDUSTRIES LLC
- Deed recorded
- May 14, 2014
- ACRIS document
- 2014040100530001
Recorded sales
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 use and emissions
47-40 Metropolitan Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), 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 48.8 kBtu per square foot. Its greenhouse gas emissions were about 283 metric tons of CO2e (5.06 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Manufacturing/Industrial Plant
- Site energy use intensity
- 48.8 kBtu/SF
- Greenhouse gas emissions
- 283 t CO2e
- Emissions per SF
- 5.06 kg CO2e
- Floor area in the filing
- 55,860 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.
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Questions about 47-40 Metropolitan Avenue
How big is 47-40 Metropolitan Avenue?
47-40 Metropolitan Avenue has about 56,000 square feet of floor area in total, including 4,000 square feet of office and 52,000 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 47-40 Metropolitan Avenue built?
City records list 1922 as the year built. The building is 2 floors tall.
What other addresses does 47-40 Metropolitan Avenue have?
City records list 47-38 to 47-40 Metropolitan Avenue and 63 Woodward Avenue on the same tax lot (BBL 4033750015) as 47-40 Metropolitan Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 47-40 Metropolitan Avenue?
47-40 Metropolitan Avenue is in ZIP code 11385, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 47-40 Metropolitan Avenue, Ridgewood, NY 11385.
What is the zoning at 47-40 Metropolitan Avenue?
The lot is in the M1-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 2.13 and a maximum commercial FAR of 1 for this lot.
What subway station is closest to 47-40 Metropolitan Avenue?
The closest subway station to 47-40 Metropolitan Avenue is Seneca Av (the M train), about 1.0 miles away in a straight line, roughly 19 minutes on foot. Walking times are straight-line estimates; the street route is longer.
Who owns 47-40 Metropolitan Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists ADD INDUSTRIES LLC as the owner of record of 47-40 Metropolitan Avenue (BBL 4033750015). 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 47-40 Metropolitan Avenue last sold?
47-40 Metropolitan Avenue last sold in March 2014 for $7.85 million, according to the deed recorded with the city. TEAM GROUP LLC sold it to ADD INDUSTRIES LLC. That comes to about $141 per square foot of floor area. The deed is ACRIS document 2014040100530001 (BBL 4033750015) 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.
Does 47-40 Metropolitan Avenue have an energy grade?
47-40 Metropolitan Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), 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 48.8 kBtu per square foot. Its greenhouse gas emissions were about 283 metric tons of CO2e (5.06 kg per square foot).
What are the property taxes at 47-40 Metropolitan Avenue?
The Department of Finance's 2026/27 assessment roll lists exemptions covering the whole taxable value of 47-40 Metropolitan Avenue, so there is no property tax on the roll to estimate. That is common for government, nonprofit and payment-in-lieu-of-taxes (PILOT) properties. The city's property tax records for BBL 4033750015 show what is actually billed.
What is the assessed value of 47-40 Metropolitan Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 47-40 Metropolitan Avenue at $6.14 million ($1.43 million of it land) and its assessed value at $2.76 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 5% from 2022/23 ($5.83 million) to 2026/27.
Is there industrial and storage space for lease at 47-40 Metropolitan Avenue?
No space at 47-40 Metropolitan 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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Ridgewood
Transit hubs in Ridgewood
- M at Forest Av
- M at Seneca Av
- M at Fresh Pond Rd
- L at Halsey St