Warehouse · Maspeth, Queens
55-90 48th Street
Maspeth, NY 11378
55-90 48th Street is a 1-floor warehouse in Maspeth, Queens, built in 2022, with about 293,000 square feet of industrial and storage space according to city records.
- Industrial and storage space
- 293K SF
- Floors
- 1
- Year built
- 2022
- Zoning
- M3-1
The 3rd largest of the 42 industrial and storage buildings we track in Maspeth. Compare it with 6 neighbors
No space at 55-90 48th Street 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 55-90 48th Street compares
Next to the 6 nearest large industrial and storage buildings, all within a 4 minute walk, 55-90 48th Street ranks 2nd of 7 by industrial and storage floor area. Built in 2022, it is the newest of them. Its estimated property tax, about $5.24 a square foot of floor area before abatements, is below the neighbors' median of $5.61.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 55-90 48th Street | 293K SF | 1 | 2022 | $5.24 | n/a |
| 57-65 48th Street | 71K SF | 1 | 1963 | $5.44 | n/a |
| 57-22 57th Avenue | 82K SF | 1 | 1930 | $7.29 | Apr 2011, $11.5M (2 lots) |
| 56-45 48th Street | 56K SF | 1 | 1963 | Exempt | n/a |
| 46-06 57th Avenue | 362K SF | 2 | 2016 | $8.14 | May 2016, $55.8M (3 lots) |
| 56-72 49th Place | 82K SF | 1 | 1965 | $5.61 | Nov 2018, $16.9M |
| 500 49th Street | 144K SF | 4 | 1931 | $3.93 | n/a |
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
- ZIP code
- 11378
- Building type
- Warehouse (city class E1)
- Total floor area
- 293,148 SF
- Commercial floor area
- 293,148 SF
- Industrial and storage
- 293,148 SF
- Height
- 1 floor
- Year built
- 2022
- Lot area
- 501,998 SF
- Zoning district
- M3-1
- Built FAR
- 0.58
- Max commercial FAR
- 2
- Tax lot (BBL)
- 4026000092
Nearest subway
- 46 St-Bliss St
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 ROADWAY PACKAGE SYSTEM, INC as the owner of record. For tax year 2026/27 the city values 55-90 48th Street at $32.7 million and assesses it at $14.7 million. After phase-ins and exemptions its taxable value is $14.2 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 $1.54 million a year before abatements, roughly $5.24 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
- ROADWAY PACKAGE SYSTEM, INC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $32,667,000
- Land market value
- $7,605,000
- Assessed value
- $14,700,150
- Taxable value (phased in)
- $14,154,480
- Estimated yearly tax
- About $1.54 million
- Tax per SF of floor area
- About $5.24
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 score, grade and emissions
55-90 48th Street reported an ENERGY STAR score of 21 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a D (under 55). Its site energy use came to 37.6 kBtu per square foot, 65% above the national median of 22.8 for a similar property. Its greenhouse gas emissions were about 875 metric tons of CO2e (2.98 kg per square foot).
- ENERGY STAR score (2024)
- 21 of 100
- Grade this score earns (Local Law 33)
- D (under 55)
- Property type (Portfolio Manager)
- Distribution Center
- Site energy use intensity
- 37.6 kBtu/SF
- National median for the type
- 22.8 kBtu/SF
- Greenhouse gas emissions
- 875 t CO2e
- Emissions per SF
- 2.98 kg CO2e
- Floor area in the filing
- 293,148 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. The grade is the one the filed score earns under the law's cutoffs; the Department of Buildings assigns the grade a building posts, which can differ.
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Questions about 55-90 48th Street
How big is 55-90 48th Street?
55-90 48th Street has about 293,000 square feet of floor area in total, including 293,000 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 55-90 48th Street built?
City records list 2022 as the year built. The building is 1 floor tall.
What is the ZIP code of 55-90 48th Street?
55-90 48th 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 55-90 48th Street, Maspeth, NY 11378.
What is the zoning at 55-90 48th Street?
The lot is in the M3-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.58 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 55-90 48th Street?
The closest subway station to 55-90 48th Street is 46 St-Bliss St (the 7 train), about 1.4 miles away in a straight line, roughly 29 minutes on foot. Walking times are straight-line estimates; the street route is longer.
Who owns 55-90 48th Street?
The NYC Department of Finance's 2026/27 assessment roll lists ROADWAY PACKAGE SYSTEM, INC as the owner of record of 55-90 48th Street (BBL 4026000092). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
What is the energy grade of 55-90 48th Street?
55-90 48th Street reported an ENERGY STAR score of 21 for calendar year 2024 in its Local Law 84 benchmarking filing. Under Local Law 33, as amended by Local Law 95 of 2019, a score of 85 or higher earns an A, 70 to 84 a B, 55 to 69 a C and under 55 a D, so 21 earns a D. The Department of Buildings assigns the grade a building posts, so the posted label can differ if a filing was corrected. Its site energy use came to 37.6 kBtu per square foot, 65% above the national median of 22.8 for a similar property. Its greenhouse gas emissions were about 875 metric tons of CO2e (2.98 kg per square foot).
What are the property taxes at 55-90 48th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $14.2 million for 55-90 48th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.54 million a year, roughly $5.24 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4026000092 show the actual bill.
What is the assessed value of 55-90 48th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 55-90 48th Street at $32.7 million ($7.61 million of it land) and its assessed value at $14.7 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 374% from 2022/23 ($6.89 million) to 2026/27.
Is there industrial and storage space for lease at 55-90 48th Street?
No space at 55-90 48th 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.
Maspeth
Transit hubs in Maspeth
- Q58 and Q59 buses on Grand Av
- Long Island Expressway and Brooklyn-Queens Expressway