Warehouse · Maspeth, Queens
55-04 Maspeth Avenue
Maspeth, NY 11378
55-04 Maspeth Avenue is a 2-floor warehouse in Maspeth, Queens, built in 1954, with about 488,000 square feet of industrial and storage space according to city records.
Also at 55-00 REA Maspeth Avenue, 55-00 Maspeth Avenue and 55-04 to 55-16 Maspeth Avenue.
- Industrial and storage space
- 488K SF
- Floors
- 2
- Year built
- 1954
- Zoning
- M3-1
The largest of the 42 industrial and storage buildings we track in Maspeth. Compare it with 6 neighbors
No space at 55-04 Maspeth 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 55-04 Maspeth Avenue compares
Next to the 6 nearest large industrial and storage buildings, all within a 5 minute walk, 55-04 Maspeth Avenue is the largest by industrial and storage floor area. It went up in 1954; the median neighbor dates from 1959. Its property tax is fully exempt on the city's assessment roll.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 55-04 Maspeth Avenue | 488K SF | 2 | 1954 | Exempt | n/a |
| 56-02 Maspeth Avenue | 135K SF | 3 | 1954 | $3.57 | Nov 2014, $20M (2 lots) |
| 49-25 Maspeth Avenue | 51K SF | 2 | 1965 | $3.82 | n/a |
| 58-38 Page Place | 88K SF | 1 | 1970 | $3.97 | Dec 2021, $45.8M |
| 57-01 49th Place | 64K SF | 1 | 1930 | Exempt | n/a |
| 58-13 Grand Avenue | 52K SF | 1 | 1930 | $3.79 | n/a |
| 56-72 49th Place | 82K SF | 1 | 1965 | $5.61 | Nov 2018, $16.9M |
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 50,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other addresses
- 55-00 REA Maspeth Avenue; 55-00 Maspeth Avenue; 55-04 to 55-16 Maspeth Avenue
- ZIP code
- 11378
- Building type
- Warehouse (city class E1)
- Total floor area
- 487,500 SF
- Commercial floor area
- 487,500 SF
- Industrial and storage
- 487,500 SF
- Height
- 2 floors
- Year built
- 1954
- Lot area
- 447,486 SF
- Zoning district
- M3-1
- Built FAR
- 1.09
- Max commercial FAR
- 2
- Tax lot (BBL)
- 4026100530
Nearest subway
- Forest Av
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 NYC TRANSIT (MTA New York City Transit) as the owner of record. For tax year 2026/27 the city values 55-04 Maspeth Avenue at $54.5 million and assesses it at $24.5 million. Exemptions on the roll cover the whole taxable value, which is common for government, nonprofit and payment-in-lieu-of-taxes properties.
- Owner of record
- NYC TRANSIT (MTA New York City Transit)
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $54,502,000
- Land market value
- $15,662,000
- Assessed value
- $24,525,900
- Exemptions
- $24,525,900
- Estimated yearly tax
- Fully exempt on the roll
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. Exempt properties can still owe charges or payments in lieu of taxes that the roll does not show.
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Questions about 55-04 Maspeth Avenue
How big is 55-04 Maspeth Avenue?
55-04 Maspeth Avenue has about 488,000 square feet of floor area in total, including 488,000 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 55-04 Maspeth Avenue built?
City records list 1954 as the year built. The building is 2 floors tall.
What other addresses does 55-04 Maspeth Avenue have?
City records list 55-00 REA Maspeth Avenue, 55-00 Maspeth Avenue and 55-04 to 55-16 Maspeth Avenue on the same tax lot (BBL 4026100530) as 55-04 Maspeth Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 55-04 Maspeth Avenue?
55-04 Maspeth 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 55-04 Maspeth Avenue, Maspeth, NY 11378.
What is the zoning at 55-04 Maspeth Avenue?
The lot is in the M3-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 1.09 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 55-04 Maspeth Avenue?
The closest subway station to 55-04 Maspeth Avenue is Forest Av (the M train), about 1.3 miles away in a straight line, roughly 27 minutes on foot. Walking times are straight-line estimates; the street route is longer.
Who owns 55-04 Maspeth Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists NYC TRANSIT (MTA New York City Transit) as the owner of record of 55-04 Maspeth Avenue (BBL 4026100530). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
What are the property taxes at 55-04 Maspeth Avenue?
The Department of Finance's 2026/27 assessment roll lists exemptions covering the whole taxable value of 55-04 Maspeth Avenue, so there is no property tax on the roll to estimate. That is common for government, nonprofit and payment-in-lieu-of-taxes (PILOT) properties. The city's property tax records for BBL 4026100530 show what is actually billed.
What is the assessed value of 55-04 Maspeth Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 55-04 Maspeth Avenue at $54.5 million ($15.7 million of it land) and its assessed value at $24.5 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 1% from 2022/23 ($54.1 million) to 2026/27.
Is there industrial and storage space for lease at 55-04 Maspeth Avenue?
No space at 55-04 Maspeth 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.
Maspeth
Transit hubs in Maspeth
- Q58 and Q59 buses on Grand Av
- Long Island Expressway and Brooklyn-Queens Expressway