Factory and industrial building · Maspeth, Queens

54-35 46th Street

Maspeth, NY 11378

54-35 46th Street is a 1-floor factory and industrial building in Maspeth, Queens, built in 1959, with about 45,000 square feet of industrial and storage space according to city records.

Also at 54-27 to 54-45 46th Street, 46-01 54th Drive and 46-32 54th Road.

Industrial and storage space
45K SF
Floors
1
Year built
1959
Zoning
M2-1

Industrial and storage space next to its nearest neighbors

  1. 44-22 54th Road2 min walk68K SF
  2. 46-50 54th Avenue1 min walk50K SF
  3. 54-35 46th StreetThis building45K SF

The 47th largest of the 63 industrial and storage buildings we track in Maspeth. Compare it with 6 neighbors

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Compared with its neighbors

How 54-35 46th Street compares

Next to the 6 nearest large industrial and storage buildings, all within a 8 minute walk, 54-35 46th Street is the smallest by industrial and storage floor area. It went up in 1959; the median neighbor dates from 1963. Its estimated property tax, about $4.49 a square foot of floor area before abatements, is below the neighbors' median of $5.44.

54-35 46th Street and the 6 nearest large industrial and storage buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingIndustrial and storage spaceFloorsBuiltTax / SFLast sale
54-35 46th StreetThis building45K SF11959$4.49n/a
46-50 54th Avenue1 min walk50K SF11957$6.05n/a
44-22 54th Road2 min walk68K SF21959$3.98May 2011, $7.5M
55-30 46th Street3 min walk69K SF21961$6.06Sep 2021, $57.3M
46-05 56th Road4 min walk293K SF11966$4.82n/a
46-06 57th Avenue7 min walk362K SF22016$8.14May 2016, $55.8M (3 lots)
56-75 49th Place8 min walk51K SF21967$4.80n/a
The 47th largest of the 63 industrial and storage buildings we track in Maspeth: see the full list

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 addresses
54-27 to 54-45 46th Street; 46-01 54th Drive; 46-32 54th Road
ZIP code
11378
Building type
Factory and industrial building (city class F4)
Total floor area
49,200 SF
Commercial floor area
49,200 SF
Office
3,750 SF
Industrial and storage
45,450 SF
Height
1 floor
Year built
1959
Last major alteration
1996
Lot area
61,600 SF
Zoning district
M2-1
Built FAR
0.8
Max commercial FAR
2
Tax lot (BBL)
4025460001

Nearest subway

  • 46 St-Bliss St18 min walk · Not accessible

Nearby large buildings

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 54-35 46TH STREET LLC as the owner of record. For tax year 2026/27 the city values 54-35 46th Street at $4.6 million and assesses it at $2.07 million. After phase-ins and exemptions its taxable value is $2.04 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 $221,050 a year before abatements, roughly $4.49 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
54-35 46TH STREET LLC
Tax class
Class 4 (commercial and industrial)
City market value
$4,599,000
Land market value
$1,910,000
Assessed value
$2,069,550
Taxable value (phased in)
$2,037,707
Estimated yearly tax
About $221,050
Tax per SF of floor area
About $4.49

City market value by tax year

  • 2022/23$4.37 million
  • 2023/24$4.63 million
  • 2024/25$5.04 million
  • 2025/26$5.1 million
  • 2026/27$4.6 million

Market value rose 5% from 2022/23 ($4.37 million) to 2026/27.

How Maspeth compares: property tax per SF across NYC neighborhoodsEstimate this tax bill, or a tenant's share of it

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; 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

54-35 46th Street'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 24.7 kBtu per square foot. Its greenhouse gas emissions were about 84.3 metric tons of CO2e (1.71 kg per square foot).

ENERGY STAR score (2024)
None given
Property type (Portfolio Manager)
Manufacturing/Industrial Plant
Site energy use intensity
24.7 kBtu/SF
Greenhouse gas emissions
84.3 t CO2e
Emissions per SF
1.71 kg CO2e
Floor area in the filing
49,200 SF

Energy sources in 2024

  • Natural gas74%
  • Electricity26%

Share of the energy used on site, as filed.

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 2026-10-09; 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, 54-35 46th Street comes to about 75 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 373 tons for 2024 to 2029 (20% of the limit), so it would owe no penalty. From 2030 the limit drops to 70 tons and the same energy use counts as about 61 tons, still under the limit.

Period
2024 to 2029
Emissions limit
373 t CO2e
Estimated emissions
75 t CO2e
Under the limit by
298 t CO2e
Estimated penalty a year
None
Period
2030 to 2034
Emissions limit
70 t CO2e
Estimated emissions
61 t CO2e
Under the limit by
8 t CO2e
Estimated penalty a year
None

Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Manufacturing/Industrial Plant 49,200 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.

Change these numbers in the Local Law 97 calculator to see what a cut in energy use would do to the penalty.

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Questions about 54-35 46th Street

How big is 54-35 46th Street?

54-35 46th Street has about 49,000 square feet of floor area in total, including 4,000 square feet of office and 45,000 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 54-35 46th Street built?

City records list 1959 as the year built, with a major alteration recorded in 1996. The building is 1 floor tall.

What other addresses does 54-35 46th Street have?

City records list 54-27 to 54-45 46th Street, 46-01 54th Drive and 46-32 54th Road on the same tax lot (BBL 4025460001) as 54-35 46th Street. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 54-35 46th Street?

54-35 46th Street 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 54-35 46th Street, Maspeth, NY 11378.

What is the zoning at 54-35 46th Street?

The lot is in the M2-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.8 and a maximum commercial FAR of 2 for this lot.

What subway station is closest to 54-35 46th Street?

The closest subway station to 54-35 46th Street is 46 St-Bliss St (the 7 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.

Who owns 54-35 46th Street?

The NYC Department of Finance's 2026/27 assessment roll lists 54-35 46TH STREET LLC as the owner of record of 54-35 46th Street (BBL 4025460001). 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 54-35 46th Street have an energy grade?

54-35 46th Street'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 24.7 kBtu per square foot. Its greenhouse gas emissions were about 84.3 metric tons of CO2e (1.71 kg per square foot).

Does 54-35 46th Street meet Local Law 97?

At its 2024 energy use, 54-35 46th Street comes to about 75 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 373 tons for 2024 to 2029 (20% of the limit), so it would owe no penalty. From 2030 the limit drops to 70 tons and the same energy use counts as about 61 tons, still under the limit. 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 54-35 46th Street?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $2.04 million for 54-35 46th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $221,050 a year, roughly $4.49 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4025460001 show the actual bill.

What is the assessed value of 54-35 46th Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 54-35 46th Street at $4.6 million ($1.91 million of it land) and its assessed value at $2.07 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 5% from 2022/23 ($4.37 million) to 2026/27.

Is there industrial and storage space for lease at 54-35 46th Street?

No space at 54-35 46th Street 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.

2,492 buildings from city records

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