Warehouse · Ridgewood, Queens
48-25A Metropolitan Avenue
Ridgewood, NY 11385
48-25A Metropolitan Avenue is a 3-floor warehouse in Ridgewood, Queens, built in 1930, with about 39,000 square feet of industrial and storage space according to city records.
Also at 49-21 Metropolitan Avenue.
- Industrial and storage space
- 39K SF
- Floors
- 3
- Year built
- 1930
- Zoning
- M3-1
The 26th largest of the 29 industrial and storage buildings we track in Ridgewood. Compare it with 6 neighbors
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Compared with its neighbors
How 48-25A Metropolitan Avenue compares
Next to the 6 nearest large industrial and storage buildings, all within a 3 minute walk, 48-25A Metropolitan Avenue is the smallest by industrial and storage floor area. It went up in 1930; 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 |
|---|---|---|---|---|---|
| 48-25A Metropolitan Avenue | 39K SF | 3 | 1930 | Exempt | n/a |
| 49-29 Metropolitan Avenue | 51K SF | 1 | 1930 | $5.92 | Dec 2015, $13.8M |
| 48-05 Metropolitan Avenue | 126K SF | 2 | 1930 | $0.80 | n/a |
| 19-48 Troutman Street | 53K SF | 1 | 1931 | $6.21 | n/a |
| 63-63 Woodward Avenue | 73K SF | 1 | 1922 | Exempt | n/a |
| 19-06 Flushing Avenue | 50K SF | 3 | 2021 | Exempt | n/a |
| 47-40 Metropolitan Avenue | 52K SF | 2 | 1922 | Exempt | Mar 2014, $7.8M |
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 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other address
- 49-21 Metropolitan Avenue
- ZIP code
- 11385
- Building type
- Warehouse (city class E1)
- Total floor area
- 39,000 SF
- Commercial floor area
- 39,000 SF
- Industrial and storage
- 39,000 SF
- Height
- 3 floors
- Average floor
- About 13,000 SF (floor area divided by floors)
- Year built
- 1930
- Last major alteration
- 2002
- Lot area
- 23,431 SF
- Zoning district
- M3-1
- Built FAR
- 1.66
- Max commercial FAR
- 2
- Tax lot (BBL)
- 4026110452
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-05; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-05. 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 GOLDSTONE 48-25, LLC as the owner of record. For tax year 2026/27 the city values 48-25A Metropolitan Avenue at $2.64 million and assesses it at $1.19 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
- GOLDSTONE 48-25, LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $2,638,000
- Land market value
- $937,000
- Assessed value
- $1,187,100
- Exemptions
- $1,187,100
- 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 2026-10-09. Exempt properties can still owe charges or payments in lieu of taxes that the roll does not show.
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NYC Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at 48-25A Metropolitan Avenue in the 12 months to October 2026; the last one was first permitted in August 2024.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- August 2024
- Interior build-outs, last 24 months
- 0
New jobs by year
Build-outs across RidgewoodWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-09 (permits issued through 2026-10-06). 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 48-25A Metropolitan Avenue
How big is 48-25A Metropolitan Avenue?
48-25A Metropolitan Avenue has about 39,000 square feet of floor area in total, including 39,000 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 48-25A Metropolitan Avenue built?
City records list 1930 as the year built, with a major alteration recorded in 2002. The building is 3 floors tall.
What other addresses does 48-25A Metropolitan Avenue have?
City records list 49-21 Metropolitan Avenue on the same tax lot (BBL 4026110452) as 48-25A Metropolitan Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 48-25A Metropolitan Avenue?
48-25A 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 48-25A Metropolitan Avenue, Ridgewood, NY 11385.
What is the zoning at 48-25A Metropolitan Avenue?
The lot is in the M3-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 1.66 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 48-25A Metropolitan Avenue?
The closest subway station to 48-25A Metropolitan Avenue is Seneca Av (the M train), about 0.9 miles away in a straight line, roughly 19 minutes on foot. Walking times are straight-line estimates; the street route is longer.
Who owns 48-25A Metropolitan Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists GOLDSTONE 48-25, LLC as the owner of record of 48-25A Metropolitan Avenue (BBL 4026110452). 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.
Is there construction at 48-25A Metropolitan Avenue?
The Department of Buildings issued no permits for new jobs at 48-25A Metropolitan Avenue in the 12 months to October 2026; the last one was first permitted in August 2024. These are the Department of Buildings' DOB NOW work permits for tax lot 4026110452. 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 48-25A Metropolitan Avenue?
The Department of Finance's 2026/27 assessment roll lists exemptions covering the whole taxable value of 48-25A 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 4026110452 show what is actually billed.
What is the assessed value of 48-25A Metropolitan Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 48-25A Metropolitan Avenue at $2.64 million ($937,000 of it land) and its assessed value at $1.19 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 12% from 2022/23 ($2.35 million) to 2026/27.
Is there industrial and storage space for lease at 48-25A Metropolitan Avenue?
No space at 48-25A 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