Warehouse · Maspeth, Queens
52-02 Grand Avenue
Maspeth, NY 11378
52-02 Grand Avenue is a 3-floor warehouse in Maspeth, Queens, built in 1935, with about 80,000 square feet of industrial and storage space according to city records.
- Industrial and storage space
- 80K SF
- Floors
- 3
- Year built
- 1935
- Zoning
- M1-1
The 26th largest of the 70 industrial and storage buildings we track in Maspeth. Compare it with 6 neighbors
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Compared with its neighbors
How 52-02 Grand Avenue compares
Next to the 6 nearest large industrial and storage buildings, all within a 2 minute walk, 52-02 Grand Avenue ranks 5th of 7 by industrial and storage floor area. It went up in 1935; the median neighbor dates from 1935. Its estimated property tax, about $4.93 a square foot of floor area before abatements, is above the neighbors' median of $3.41.
| Building | Industrial and storage space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 52-02 Grand Avenue | 80K SF | 3 | 1935 | $4.93 |
| 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 |
| 52-15 Flushing Avenue | 60K SF | 1 | 1963 | $3.59 |
| 52-19 Flushing Avenue | 45K SF | 1 | 1930 | $4.38 |
| 52-07 Flushing Avenue | 100K SF | 2 | 1945 | $4.08 |
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 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- ZIP code
- 11378
- Building type
- Warehouse (city class E1)
- Total floor area
- 87,053 SF
- Commercial floor area
- 87,053 SF
- Office
- 7,500 SF
- Industrial and storage
- 79,553 SF
- Height
- 3 floors
- Average floor
- About 29,000 SF (floor area divided by floors)
- Year built
- 1935
- Lot area
- 80,700 SF
- Zoning district
- M1-1
- Built FAR
- 1.08
- Max commercial FAR
- 1
- Tax lot (BBL)
- 4026110241
Nearest subway
- Seneca Av
Other ways around Maspeth
- Q58 and Q59 buses on Grand Av
- Long Island Expressway and Brooklyn-Queens Expressway
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; subway stations from the MTA Subway Stations dataset, pulled 2026-10-16. 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 GRAND REALTY ASSN, INC as the owner of record. For tax year 2026/27 the city values 52-02 Grand Avenue at $9.44 million and assesses it at $4.25 million. After phase-ins and exemptions its taxable value is $3.96 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 $429,405 a year before abatements, roughly $4.93 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
- GRAND REALTY ASSN, INC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $9,440,000
- Land market value
- $2,427,000
- Assessed value
- $4,248,000
- Taxable value (phased in)
- $3,958,380
- Estimated yearly tax
- About $429,405
- Tax per SF of floor area
- About $4.93
City market value by tax year
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How to find who owns any NYC buildingSource: 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 2026-10-16; 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.
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NYC energy benchmarking (Local Law 84)
Energy use and emissions
52-02 Grand Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (a campus of several buildings cannot get a score), 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 20 kBtu per square foot, 10% below the national median of 22.1 for a similar property. Its greenhouse gas emissions were about 512 metric tons of CO2e (2.01 kg per square foot). The filing covers 2 tax lots together, so these figures are for the whole property.
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Non-Refrigerated Warehouse
- Site energy use intensity
- 20 kBtu/SF
- National median for the type
- 22.1 kBtu/SF
- Greenhouse gas emissions
- 512 t CO2e
- Emissions per SF
- 2.01 kg CO2e
- Floor area in the filing
- 254,053 SF
- Tax lots in the filing
- 2
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, one filing for 2 tax lots), pulled 2026-10-16; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
Local Law 97 of 2019, estimated
Local Law 97 emissions limit
At its 2024 energy use, 52-02 Grand Avenue comes to about 393 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,082 tons for 2024 to 2029 (36% of the limit), so it would owe no penalty. From 2030 the limit drops to 224 tons and the same energy use counts as about 228 tons, about 4 tons over, or an estimated $1,000 a year unless the building cuts its emissions.
- Period
- 2024 to 2029
- Emissions limit
- 1,082 t CO2e
- Estimated emissions
- 393 t CO2e
- Under the limit by
- 689 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 224 t CO2e
- Estimated emissions
- 228 t CO2e
- Over the limit by
- 4 t CO2e
- Estimated penalty a year
- $1,000
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Non-Refrigerated Warehouse 254,053 SF. It applies the coefficients and per-use limits in Department of Buildings rule 1 RCNY 103-14 and Administrative Code 28-320.3.1.1 (as the Department lists them) and the $268 per ton penalty, checked 2026-10-04. It is not the building's Local Law 97 report: that report can count renewable energy credits, solar and storage deductions and, for 2024 and 2025, the law's occupancy group limits where higher, and penalties can be reduced for good faith efforts. The filing covers 2 tax lots together, so these figures are for the whole property.
Change these numbers in the Local Law 97 calculator to see what a cut in energy use would do to the penalty.
How Local Law 97 works: who is covered, the 2030 limits and what owners, tenants and buyers should check.
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No industrial and storage space listed in Maspeth yet
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Before you sign
Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.
How much is commercial rent in NYC? Per square foot, by borough
What NYC office, retail and industrial buildings collect per square foot in each borough, from the city's own filings, with the monthly math and the costs on top of rent.
What does $/SF/yr mean? How to calculate rent per square foot
$/SF/yr is a year's rent for one square foot. How to turn it into a monthly bill, spot a monthly quote, and see what the rate leaves out before you compare spaces.
Tenant rep broker or going direct? Leasing in NYC
Should you hire a tenant rep broker or deal with landlords directly? Who pays commissions in NYC, what a tenant rep does, and how to choose one.
Questions about 52-02 Grand Avenue
How big is 52-02 Grand Avenue?
52-02 Grand Avenue has about 87,000 square feet of floor area in total, including 8,000 square feet of office and 80,000 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 52-02 Grand Avenue built?
City records list 1935 as the year built. The building is 3 floors tall.
What is the ZIP code of 52-02 Grand Avenue?
52-02 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 52-02 Grand Avenue, Maspeth, NY 11378.
What is the zoning at 52-02 Grand Avenue?
The lot is in the M1-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 1.08 and a maximum commercial FAR of 1 for this lot.
What subway station is closest to 52-02 Grand Avenue?
No subway within a short walk of 52-02 Grand Avenue: the nearest station is more than 1,600 meters away (about 20 minutes on foot before allowing for the street route). The closest subway station to 52-02 Grand Avenue is Seneca Av (the M train), about 1.0 miles away in a straight line; the street route is longer. Other ways around Maspeth: Q58 and Q59 buses on Grand Av; Long Island Expressway and Brooklyn-Queens Expressway. These are neighborhood connections, not directions from the building.
Who owns 52-02 Grand Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists GRAND REALTY ASSN, INC as the owner of record of 52-02 Grand Avenue (BBL 4026110241). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
Does 52-02 Grand Avenue have an energy grade?
52-02 Grand Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (a campus of several buildings cannot get a score), 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 20 kBtu per square foot, 10% below the national median of 22.1 for a similar property. Its greenhouse gas emissions were about 512 metric tons of CO2e (2.01 kg per square foot). The filing covers 2 tax lots together, so these figures are for the whole property.
Does 52-02 Grand Avenue meet Local Law 97?
At its 2024 energy use, 52-02 Grand Avenue comes to about 393 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,082 tons for 2024 to 2029 (36% of the limit), so it would owe no penalty. From 2030 the limit drops to 224 tons and the same energy use counts as about 228 tons, about 4 tons over, or an estimated $1,000 a year unless the building cuts its emissions. This is an estimate from the owner's 2024 benchmarking filing using the coefficients and per-use limits in the law and the Department of Buildings rule, at $268 per ton over. It is not the building's Local Law 97 report, which can count credits and deductions this estimate cannot.
What are the property taxes at 52-02 Grand Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $3.96 million for 52-02 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 $429,405 a year, roughly $4.93 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4026110241 show the actual bill.
What is the assessed value of 52-02 Grand Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 52-02 Grand Avenue at $9.44 million ($2.43 million of it land) and its assessed value at $4.25 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 15% from 2022/23 ($8.18 million) to 2026/27.
Is there industrial and storage space for lease at 52-02 Grand Avenue?
No space at 52-02 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