50-05 Metropolitan Avenue

50-05 Metropolitan Avenue has about 68,000 square feet of floor area in total, including 36,000 square feet of office and 25,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

City records list 1930 as the year built, with a major alteration recorded in 2017. The building is 4 floors tall.

City records list 51-05 Flushing Avenue and 50-01 to 50-05 Metropolitan Avenue on the same tax lot (BBL 4026110450) as 50-05 Metropolitan Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

City records give two ZIP codes for this tax lot: 11378 in NYC PLUTO 26v2 and 11385 on the Department of Finance's assessment roll. Some large New York buildings have a ZIP code of their own beside the area's, so check with the building's management which one it uses before you rely on either.

The lot is in the M3-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 1.11 and a maximum commercial FAR of 2 for this lot.

The closest subway station to 50-05 Metropolitan Avenue is Seneca Av (the M train), about 0.9 miles away in a straight line, roughly 18 minutes on foot. Walking times are straight-line estimates; the street route is longer.

The NYC Department of Finance's 2026/27 assessment roll lists METROPOLITAN TWO REALTY, LLC as the owner of record of 50-05 Metropolitan Avenue (BBL 4026110450). 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.

50-05 Metropolitan Avenue last sold in August 2011 for $6.5 million, according to the deed recorded with the city. The buyer of record was METROPOLITAN TWO REALTY, LLC. The deed is ACRIS document 2011081601062002 (BBL 4026110450) 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.

The Department of Buildings issued no permits for new jobs at 50-05 Metropolitan Avenue in the 12 months to October 2026; the last one was first permitted in January 2025. In the last two years, interior work was permitted on one floor (floor 1). The newest build-out, on floor 1, was first permitted in January 2025 (mechanical; filed cost estimate $175,000). These are the Department of Buildings' DOB NOW work permits for tax lot 4026110450. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

The Department of Finance's 2026/27 assessment roll lists a taxable value of $4.81 million for 50-05 Metropolitan Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $521,392 a year, roughly $7.64 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4026110450 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of 50-05 Metropolitan Avenue at $11 million ($5.85 million of it land) and its assessed value at $4.97 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 3% from 2022/23 ($11.4 million) to 2026/27.

Owners registered 4 storefronts at 50-05 Metropolitan Avenue for December 31, 2024, the newest annual filing the city has published, and none stood vacant that day. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront may have come free since. Owners and brokers can list a storefront on Leasemark for free.

No space at 50-05 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.