Factory and industrial building · Maspeth, Queens
51-18 Grand Avenue
Maspeth, NY 11378
51-18 Grand Avenue is a 2-floor factory and industrial building in Maspeth, Queens, built in 1930, with about 114,000 square feet of industrial and storage space according to city records.
- Industrial and storage space
- 114K SF
- Floors
- 2
- Year built
- 1930
- Zoning
- M3-1
The 13th largest of the 42 industrial and storage buildings we track in Maspeth. Compare it with 6 neighbors
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Compared with its neighbors
How 51-18 Grand Avenue compares
Next to the 6 nearest large industrial and storage buildings, all within a 6 minute walk, 51-18 Grand Avenue ranks 2nd of 7 by industrial and storage floor area. Built in 1930, it is the oldest of them. Its estimated property tax, about $3.23 a square foot of floor area before abatements, is close to the neighbors' median of $3.16.
| Building | Industrial and storage space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 51-18 Grand Avenue | 114K SF | 2 | 1930 | $3.23 |
| 52-08 Grand Avenue | 84K SF | 2 | 1935 | $2.55 |
| 50-00 Grand Avenue | 74K SF | 1 | 1989 | $3.62 |
| 53-06 Grand Avenue | 121K SF | 3 | 1935 | $2.50 |
| 58-38 Page Place | 88K SF | 1 | 1970 | $3.97 |
| 57-13 49th Place | 56K SF | 2 | 1972 | $4.61 |
| 58-77 57th Street | 74K SF | 3 | 1951 | $2.71 |
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
- ZIP code
- 11378
- Building type
- Factory and industrial building (city class F1)
- Total floor area
- 114,000 SF
- Commercial floor area
- 114,000 SF
- Industrial and storage
- 114,000 SF
- Height
- 2 floors
- Year built
- 1930
- Lot area
- 148,000 SF
- Zoning district
- M3-1
- Built FAR
- 0.77
- Max commercial FAR
- 2
- Tax lot (BBL)
- 4026110136
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-09-30; 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 RHS GRAND LLC as the owner of record. For tax year 2026/27 the city values 51-18 Grand Avenue at $7.99 million and assesses it at $3.59 million. After phase-ins and exemptions its taxable value is $3.4 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 $368,590 a year before abatements, roughly $3.23 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
- RHS GRAND LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $7,985,000
- Land market value
- $4,452,000
- Assessed value
- $3,593,250
- Taxable value (phased in)
- $3,397,770
- Estimated yearly tax
- About $368,590
- Tax per SF of floor area
- About $3.23
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 use and emissions
51-18 Grand 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 26.8 kBtu per square foot. Its greenhouse gas emissions were about 210 metric tons of CO2e (1.84 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Manufacturing/Industrial Plant
- Site energy use intensity
- 26.8 kBtu/SF
- Greenhouse gas emissions
- 210 t CO2e
- Emissions per SF
- 1.84 kg CO2e
- Floor area in the filing
- 114,000 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 2026-09-30; 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 51-18 Grand Avenue
How big is 51-18 Grand Avenue?
51-18 Grand Avenue has about 114,000 square feet of floor area in total, including 114,000 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 51-18 Grand Avenue built?
City records list 1930 as the year built. The building is 2 floors tall.
What is the ZIP code of 51-18 Grand Avenue?
51-18 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 51-18 Grand Avenue, Maspeth, NY 11378.
What is the zoning at 51-18 Grand Avenue?
The lot is in the M3-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.77 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 51-18 Grand Avenue?
The closest subway station to 51-18 Grand Avenue is Seneca Av (the M train), about 1.1 miles away in a straight line, roughly 22 minutes on foot. Walking times are straight-line estimates; the street route is longer.
Who owns 51-18 Grand Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists RHS GRAND LLC as the owner of record of 51-18 Grand Avenue (BBL 4026110136). 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.
Does 51-18 Grand Avenue have an energy grade?
51-18 Grand 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 26.8 kBtu per square foot. Its greenhouse gas emissions were about 210 metric tons of CO2e (1.84 kg per square foot).
What are the property taxes at 51-18 Grand Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $3.4 million for 51-18 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 $368,590 a year, roughly $3.23 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4026110136 show the actual bill.
What is the assessed value of 51-18 Grand Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 51-18 Grand Avenue at $7.99 million ($4.45 million of it land) and its assessed value at $3.59 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 11% from 2022/23 ($7.17 million) to 2026/27.
Is there industrial and storage space for lease at 51-18 Grand Avenue?
No space at 51-18 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