Warehouse · Maspeth, Queens
56-05 55th Drive
Maspeth, NY 11378
56-05 55th Drive is a 1-floor warehouse in Maspeth, Queens, built in 1948, with about 57,000 square feet of industrial and storage space according to city records.
- Industrial and storage space
- 57K SF
- Floors
- 1
- Year built
- 1948
- Zoning
- M1-1
The 36th largest of the 42 industrial and storage buildings we track in Maspeth. Compare it with 6 neighbors
No space at 56-05 55th Drive 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 56-05 55th Drive compares
Next to the 6 nearest large industrial and storage buildings, all within a 4 minute walk, 56-05 55th Drive is the smallest by industrial and storage floor area. Built in 1948, it is the oldest of them. Its estimated property tax, about $3.09 a square foot of floor area before abatements, is below the neighbors' median of $5.16.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 56-05 55th Drive | 57K SF | 1 | 1948 | $3.09 | n/a |
| 55-30 58th Street | 86K SF | 1 | 1950 | $4.76 | Nov 2016, $20.6M |
| 55-60 58th Street | 172K SF | 2 | 1957 | $6.06 | n/a |
| 56-01 55th Avenue | 165K SF | 2 | 1961 | $5.32 | Jul 2008, $5.5M |
| 50-35 56th Road | 100K SF | 1 | 1954 | $4.34 | Dec 2021, $132M |
| 56-38 58th Street | 59K SF | 1 | 1987 | $6.64 | n/a |
| 58-40 Borden Avenue | 89K SF | 1 | 1952 | $5.00 | Oct 2017, $10.4M |
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
- 56,700 SF
- Commercial floor area
- 56,700 SF
- Industrial and storage
- 56,700 SF
- Height
- 1 floor
- Year built
- 1948
- Last major alteration
- 2019
- Lot area
- 59,500 SF
- Zoning district
- M1-1
- Built FAR
- 0.95
- Max commercial FAR
- 1
- Tax lot (BBL)
- 4025730162
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 INTERSTATE ENVELOPEMANUFACTURING CORP. as the owner of record. For tax year 2026/27 the city values 56-05 55th Drive at $3.99 million and assesses it at $1.8 million. After phase-ins and exemptions its taxable value is $1.61 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 $175,044 a year before abatements, roughly $3.09 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
- INTERSTATE ENVELOPEMANUFACTURING CORP.
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $3,991,000
- Land market value
- $1,785,000
- Assessed value
- $1,795,950
- Taxable value (phased in)
- $1,613,610
- Estimated yearly tax
- About $175,044
- Tax per SF of floor area
- About $3.09
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.
Before you sign
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Questions about 56-05 55th Drive
How big is 56-05 55th Drive?
56-05 55th Drive has about 57,000 square feet of floor area in total, including 57,000 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 56-05 55th Drive built?
City records list 1948 as the year built, with a major alteration recorded in 2019. The building is 1 floor tall.
What is the ZIP code of 56-05 55th Drive?
56-05 55th Drive 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 56-05 55th Drive, Maspeth, NY 11378.
What is the zoning at 56-05 55th Drive?
The lot is in the M1-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.95 and a maximum commercial FAR of 1 for this lot.
What subway station is closest to 56-05 55th Drive?
The closest subway station to 56-05 55th Drive is 46 St-Bliss St (the 7 train), about 1.1 miles away in a straight line, roughly 23 minutes on foot. Walking times are straight-line estimates; the street route is longer.
Who owns 56-05 55th Drive?
The NYC Department of Finance's 2026/27 assessment roll lists INTERSTATE ENVELOPEMANUFACTURING CORP. as the owner of record of 56-05 55th Drive (BBL 4025730162). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
What are the property taxes at 56-05 55th Drive?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $1.61 million for 56-05 55th Drive. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $175,044 a year, roughly $3.09 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4025730162 show the actual bill.
What is the assessed value of 56-05 55th Drive?
For tax year 2026/27, the NYC Department of Finance puts the market value of 56-05 55th Drive at $3.99 million ($1.78 million of it land) and its assessed value at $1.8 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 30% from 2022/23 ($3.08 million) to 2026/27.
Is there industrial and storage space for lease at 56-05 55th Drive?
No space at 56-05 55th Drive 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