Factory and industrial building · Maspeth, Queens
56-02 Maspeth Avenue
Maspeth, NY 11378
56-02 Maspeth Avenue is a 3-floor factory and industrial building in Maspeth, Queens, built in 1954, with about 135,000 square feet of industrial and storage space according to city records.
Also at 56-10 Maspeth Avenue.
- Industrial and storage space
- 135K SF
- Floors
- 3
- Year built
- 1954
- Zoning
- M3-1
The 10th largest of the 42 industrial and storage buildings we track in Maspeth. Compare it with 6 neighbors
No space at 56-02 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 56-02 Maspeth Avenue compares
Next to the 6 nearest large industrial and storage buildings, all within a 5 minute walk, 56-02 Maspeth Avenue ranks 3rd of 7 by industrial and storage floor area. It went up in 1954; the median neighbor dates from 1959. Its estimated property tax, about $3.57 a square foot of floor area before abatements, is below the neighbors' median of $3.81.
| Building | Industrial and storage space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 56-02 Maspeth Avenue | 135K SF | 3 | 1954 | $3.57 |
| 55-04 Maspeth Avenue | 488K SF | 2 | 1954 | Exempt |
| 49-25 Maspeth Avenue | 51K SF | 2 | 1965 | $3.82 |
| 56-38 58th Street | 59K SF | 1 | 1987 | $6.64 |
| 58-13 Grand Avenue | 52K SF | 1 | 1930 | $3.79 |
| 58-51 Maspeth Avenue | 188K SF | 3 | 1967 | $3.06 |
| 57-01 49th Place | 64K SF | 1 | 1930 | Exempt |
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
- Other address
- 56-10 Maspeth Avenue
- ZIP code
- 11378
- Building type
- Factory and industrial building (city class F1)
- Total floor area
- 150,000 SF
- Commercial floor area
- 150,000 SF
- Office
- 15,000 SF
- Industrial and storage
- 135,000 SF
- Height
- 3 floors
- Year built
- 1954
- Lot area
- 58,951 SF
- Zoning district
- M3-1
- Built FAR
- 2.54
- Max commercial FAR
- 2
- Tax lot (BBL)
- 4026100524
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 WANGDERM ENTERPRISES, LLC as the owner of record. For tax year 2026/27 the city values 56-02 Maspeth Avenue at $12 million and assesses it at $5.42 million. After phase-ins and exemptions its taxable value is $4.94 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 $536,019 a year before abatements, roughly $3.57 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
- WANGDERM ENTERPRISES, LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $12,037,000
- Land market value
- $877,000
- Assessed value
- $5,416,650
- Taxable value (phased in)
- $4,941,180
- Estimated yearly tax
- About $536,019
- Tax per SF of floor area
- About $3.57
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 property records (ACRIS)
Sales history
56-02 Maspeth Avenue last sold in November 2014 in a $20 million sale that covered 2 tax lots, this one among them, according to the deed recorded with the city. 56-02 REALTY COMPANY LLC sold it to WANGDERM ENTERPRISES, LLC.
- Last sale (deed date)
- November 21, 2014
- Combined price
- $20,000,000 for 2 tax lots
- Seller
- 56-02 REALTY COMPANY LLC
- Buyer
- WANGDERM ENTERPRISES, LLC
- Deed recorded
- December 9, 2014
- ACRIS document
- 2014120100657001
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-09-30; prices as the deeds state them, names as recorded (companies and public bodies only). Shown are deeds that move the whole lot for a real price. Transfers between related companies for a nominal sum, sales of partial interests, land sales before the building went up and sales of the company that owns a building are left out; a price for several tax lots is the combined price, not this building's alone.
NYC energy benchmarking (Local Law 84)
Energy score, grade and emissions
56-02 Maspeth Avenue reported an ENERGY STAR score of 73 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a B (70 to 84). Its site energy use came to 31.3 kBtu per square foot, 36% below the national median of 49.2 for a similar property. Its greenhouse gas emissions were about 257 metric tons of CO2e (1.71 kg per square foot).
- ENERGY STAR score (2024)
- 73 of 100
- Grade this score earns (Local Law 33)
- B (70 to 84)
- Property type (Portfolio Manager)
- Non-Refrigerated Warehouse
- Site energy use intensity
- 31.3 kBtu/SF
- National median for the type
- 49.2 kBtu/SF
- Greenhouse gas emissions
- 257 t CO2e
- Emissions per SF
- 1.71 kg CO2e
- Floor area in the filing
- 150,000 SF
ENERGY STAR score by year
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.
Before you sign
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Questions about 56-02 Maspeth Avenue
How big is 56-02 Maspeth Avenue?
56-02 Maspeth Avenue has about 150,000 square feet of floor area in total, including 15,000 square feet of office and 135,000 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 56-02 Maspeth Avenue built?
City records list 1954 as the year built. The building is 3 floors tall.
What other addresses does 56-02 Maspeth Avenue have?
City records list 56-10 Maspeth Avenue on the same tax lot (BBL 4026100524) as 56-02 Maspeth Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 56-02 Maspeth Avenue?
56-02 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 56-02 Maspeth Avenue, Maspeth, NY 11378.
What is the zoning at 56-02 Maspeth Avenue?
The lot is in the M3-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 2.54 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 56-02 Maspeth Avenue?
The closest subway station to 56-02 Maspeth Avenue is Forest Av (the M train), about 1.4 miles away in a straight line, roughly 27 minutes on foot. Walking times are straight-line estimates; the street route is longer.
Who owns 56-02 Maspeth Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists WANGDERM ENTERPRISES, LLC as the owner of record of 56-02 Maspeth Avenue (BBL 4026100524). 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.
When was 56-02 Maspeth Avenue last sold?
56-02 Maspeth Avenue last sold in November 2014 in a $20 million sale that covered 2 tax lots, this one among them, according to the deed recorded with the city. 56-02 REALTY COMPANY LLC sold it to WANGDERM ENTERPRISES, LLC. The deed is ACRIS document 2014120100657001 (BBL 4026100524) in the city's property records. A sale of the company that owns a building is not recorded as a deed, so it would not show there.
What is the energy grade of 56-02 Maspeth Avenue?
56-02 Maspeth Avenue reported an ENERGY STAR score of 73 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 73 earns a B. 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 31.3 kBtu per square foot, 36% below the national median of 49.2 for a similar property. Its greenhouse gas emissions were about 257 metric tons of CO2e (1.71 kg per square foot).
What are the property taxes at 56-02 Maspeth Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $4.94 million for 56-02 Maspeth Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $536,019 a year, roughly $3.57 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4026100524 show the actual bill.
What is the assessed value of 56-02 Maspeth Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 56-02 Maspeth Avenue at $12 million ($877,000 of it land) and its assessed value at $5.42 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 14% from 2022/23 ($10.6 million) to 2026/27.
Is there industrial and storage space for lease at 56-02 Maspeth Avenue?
No space at 56-02 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