Factory and industrial building · Maspeth, Queens
50-00 Grand Avenue
Maspeth, NY 11378
50-00 Grand Avenue is a 1-floor factory and industrial building in Maspeth, Queens, built in 1989, with about 74,000 square feet of industrial and storage space according to city records.
Also at 50-00 to 51-02 Grand Avenue.
- Industrial and storage space
- 74K SF
- Floors
- 1
- Year built
- 1989
- Zoning
- M3-1
The 25th largest of the 42 industrial and storage buildings we track in Maspeth. Compare it with 6 neighbors
No space at 50-00 Grand 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.
Compared with its neighbors
How 50-00 Grand Avenue compares
Next to the 6 nearest large industrial and storage buildings, all within a 5 minute walk, 50-00 Grand Avenue ranks 6th of 7 by industrial and storage floor area. Built in 1989, it is the newest of them. Its estimated property tax, about $3.62 a square foot of floor area before abatements, is close to the neighbors' median of $3.60.
| Building | Industrial and storage space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 50-00 Grand Avenue | 74K SF | 1 | 1989 | $3.62 |
| 51-18 Grand Avenue | 114K SF | 2 | 1930 | $3.23 |
| 52-08 Grand Avenue | 84K SF | 2 | 1935 | $2.55 |
| 53-06 Grand Avenue | 121K SF | 3 | 1935 | $2.50 |
| 57-13 49th Place | 56K SF | 2 | 1972 | $4.61 |
| 58-38 Page Place | 88K SF | 1 | 1970 | $3.97 |
| 57-10 49th Place | 81K SF | 2 | 1963 | $4.74 |
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). 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
- 50-00 to 51-02 Grand Avenue
- ZIP code
- 11378
- Building type
- Factory and industrial building (city class F1)
- Total floor area
- 75,580 SF
- Commercial floor area
- 75,580 SF
- Office
- 2,000 SF
- Industrial and storage
- 73,580 SF
- Height
- 1 floor
- Year built
- 1989
- Lot area
- 89,540 SF
- Zoning district
- M3-1
- Built FAR
- 0.84
- Max commercial FAR
- 2
- Tax lot (BBL)
- 4026110130
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 5000 GRAND LLC as the owner of record. For tax year 2026/27 the city values 50-00 Grand Avenue at $5.93 million and assesses it at $2.67 million. After phase-ins and exemptions its taxable value is $2.52 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 $273,223 a year before abatements, roughly $3.62 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
- 5000 GRAND LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $5,927,000
- Land market value
- $2,693,000
- Assessed value
- $2,667,150
- Taxable value (phased in)
- $2,518,650
- Estimated yearly tax
- About $273,223
- Tax per SF of floor area
- About $3.62
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 energy benchmarking (Local Law 84)
Energy score, grade and emissions
50-00 Grand Avenue reported an ENERGY STAR score of 64 out of 100 for 2022 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a C (55 to 69). Its site energy use came to 23.6 kBtu per square foot, 24% below the national median of 30.9 for a similar property. Its greenhouse gas emissions were about 119 metric tons of CO2e (1.6 kg per square foot).
- ENERGY STAR score (2022)
- 64 of 100
- Grade this score earns (Local Law 33)
- C (55 to 69)
- Property type (Portfolio Manager)
- Non-Refrigerated Warehouse
- Site energy use intensity
- 23.6 kBtu/SF
- National median for the type
- 30.9 kBtu/SF
- Greenhouse gas emissions
- 119 t CO2e
- Emissions per SF
- 1.6 kg CO2e
- Floor area in the filing
- 75,580 SF
Energy sources in 2022
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 (2022 filing), pulled 2026-09-30; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager. The grade is the one the filed score earns under the law's cutoffs; the Department of Buildings assigns the grade a building posts, which can differ.
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Questions about 50-00 Grand Avenue
How big is 50-00 Grand Avenue?
50-00 Grand Avenue has about 76,000 square feet of floor area in total, including 2,000 square feet of office and 74,000 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 50-00 Grand Avenue built?
City records list 1989 as the year built. The building is 1 floor tall.
What other addresses does 50-00 Grand Avenue have?
City records list 50-00 to 51-02 Grand Avenue on the same tax lot (BBL 4026110130) as 50-00 Grand Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 50-00 Grand Avenue?
50-00 Grand Avenue 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 50-00 Grand Avenue, Maspeth, NY 11378.
What is the zoning at 50-00 Grand Avenue?
The lot is in the M3-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.84 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 50-00 Grand Avenue?
The closest subway station to 50-00 Grand Avenue is Seneca Av (the M train), about 1.1 miles away in a straight line, roughly 23 minutes on foot. Walking times are straight-line estimates; the street route is longer.
Who owns 50-00 Grand Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists 5000 GRAND LLC as the owner of record of 50-00 Grand Avenue (BBL 4026110130). 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.
What is the energy grade of 50-00 Grand Avenue?
50-00 Grand Avenue reported an ENERGY STAR score of 64 for calendar year 2022 in its Local Law 84 benchmarking filing. Under Local Law 33, as amended by Local Law 95 of 2019, a score of 85 or higher earns an A, 70 to 84 a B, 55 to 69 a C and under 55 a D, so 64 earns a C. The Department of Buildings assigns the grade a building posts, so the posted label can differ if a filing was corrected. Its site energy use came to 23.6 kBtu per square foot, 24% below the national median of 30.9 for a similar property. Its greenhouse gas emissions were about 119 metric tons of CO2e (1.6 kg per square foot).
What are the property taxes at 50-00 Grand Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $2.52 million for 50-00 Grand Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $273,223 a year, roughly $3.62 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4026110130 show the actual bill.
What is the assessed value of 50-00 Grand Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 50-00 Grand Avenue at $5.93 million ($2.69 million of it land) and its assessed value at $2.67 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 13% from 2022/23 ($5.26 million) to 2026/27.
Is there industrial and storage space for lease at 50-00 Grand Avenue?
No space at 50-00 Grand 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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Maspeth
Transit hubs in Maspeth
- Q58 and Q59 buses on Grand Av
- Long Island Expressway and Brooklyn-Queens Expressway