Warehouse · Maspeth, Queens

56-35 48th Street

Maspeth, NY 11378

56-35 48th Street is a 1-floor warehouse in Maspeth, Queens, built in 1965, with about 35,000 square feet of industrial and storage space according to city records.

Industrial and storage space
35K SF
Floors
1
Year built
1965
Zoning
M3-1

Industrial and storage space next to its nearest neighbors

  1. 57-65 48th Street1 min walk71K SF
  2. 56-45 48th Street1 min walk56K SF
  3. 56-35 48th StreetThis building35K SF

The 62nd 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 56-35 48th Street compares

Next to the 6 nearest large industrial and storage buildings, all within a 2 minute walk, 56-35 48th Street ranks 6th of 7 by industrial and storage floor area. It went up in 1965; the median neighbor dates from 1963. Its estimated property tax, about $5.20 a square foot of floor area before abatements, is close to the neighbors' median of $5.45.

56-35 48th 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
56-35 48th StreetThis building35K SF11965$5.20n/a
56-45 48th Street1 min walk56K SF11963Exemptn/a
57-65 48th Street1 min walk71K SF11963$5.44n/a
56-96 49th Place1 min walk35K SF11930$4.75n/a
56-72 49th Place1 min walk82K SF11965$5.61Nov 2018, $16.9M
57-00 49th Place1 min walk59K SF21964$6.66Dec 2017, $23M
57-03 48th Street2 min walk40K SF11986$5.45Jan 2010, $11M
The 62nd 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

ZIP code
11378
Building type
Warehouse (city class E1)
Total floor area
42,100 SF
Commercial floor area
42,100 SF
Office
7,085 SF
Industrial and storage
35,015 SF
Height
1 floor
Year built
1965
Last major alteration
2015
Lot area
49,228 SF
Zoning district
M3-1
Built FAR
0.86
Max commercial FAR
2
Tax lot (BBL)
4026020115

Nearest subway

No subway within a short walk. The nearest station is more than 1,600 meters away (about a 20-minute walk before allowing for the street route).

  • 46 St-Bliss Stabout 1.5 miles in a straight line · Not accessible

Other ways around Maspeth

  • Q58 and Q59 buses on Grand Av
  • Long Island Expressway and Brooklyn-Queens Expressway

Neighborhood connections, not directions from this building. Check the route for your trip.

Nearby large buildings

All 9 large industrial buildings on 48th Street

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-05; 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 GEYSER REALTY LLC as the owner of record. For tax year 2026/27 the city values 56-35 48th Street at $4.76 million and assesses it at $2.14 million. After phase-ins and exemptions its taxable value is $2.02 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 $218,759 a year before abatements, roughly $5.20 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
GEYSER REALTY LLC
Tax class
Class 4 (commercial and industrial)
City market value
$4,759,000
Land market value
$1,969,000
Assessed value
$2,141,550
Taxable value (phased in)
$2,016,580
Estimated yearly tax
About $218,759
Tax per SF of floor area
About $5.20

City market value by tax year

  • 2022/23$4.32 million
  • 2023/24$4.43 million
  • 2024/25$4.59 million
  • 2025/26$4.68 million
  • 2026/27$4.76 million

Market value rose 10% from 2022/23 ($4.32 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

56-35 48th Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (a campus of several buildings cannot get a score), 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 35.4 kBtu per square foot, 15% below the national median of 41.7 for a similar property. Its greenhouse gas emissions were about 166 metric tons of CO2e (1.42 kg per square foot). The filing covers 2 tax lots together, so these figures are for the whole property.

ENERGY STAR score (2024)
None given
Property type (Portfolio Manager)
Distribution Center
Site energy use intensity
35.4 kBtu/SF
National median for the type
41.7 kBtu/SF
Greenhouse gas emissions
166 t CO2e
Emissions per SF
1.42 kg CO2e
Floor area in the filing
116,752 SF
Tax lots in the filing
2

ENERGY STAR score by year

  • 202265 (C)
  • 202368 (C)

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, one filing for 2 tax lots), 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.

Before you sign

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Questions about 56-35 48th Street

How big is 56-35 48th Street?

56-35 48th Street has about 42,000 square feet of floor area in total, including 7,000 square feet of office and 35,000 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 56-35 48th Street built?

City records list 1965 as the year built, with a major alteration recorded in 2015. The building is 1 floor tall.

What is the ZIP code of 56-35 48th Street?

56-35 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 56-35 48th Street, Maspeth, NY 11378.

What is the zoning at 56-35 48th Street?

The lot is in the M3-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.86 and a maximum commercial FAR of 2 for this lot.

What subway station is closest to 56-35 48th Street?

No subway within a short walk of 56-35 48th Street: the nearest station is more than 1,600 meters away (about 20 minutes on foot before allowing for the street route). The closest subway station to 56-35 48th Street is 46 St-Bliss St (the 7 train), about 1.5 miles away in a straight line; the street route is longer. Other ways around Maspeth: Q58 and Q59 buses on Grand Av; Long Island Expressway and Brooklyn-Queens Expressway. These are neighborhood connections, not directions from the building.

Who owns 56-35 48th Street?

The NYC Department of Finance's 2026/27 assessment roll lists GEYSER REALTY LLC as the owner of record of 56-35 48th Street (BBL 4026020115). 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 56-35 48th Street have an energy grade?

56-35 48th Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (a campus of several buildings cannot get a score), 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 35.4 kBtu per square foot, 15% below the national median of 41.7 for a similar property. Its greenhouse gas emissions were about 166 metric tons of CO2e (1.42 kg per square foot). The filing covers 2 tax lots together, so these figures are for the whole property.

What are the property taxes at 56-35 48th Street?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $2.02 million for 56-35 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 $218,759 a year, roughly $5.20 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4026020115 show the actual bill.

What is the assessed value of 56-35 48th Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 56-35 48th Street at $4.76 million ($1.97 million of it land) and its assessed value at $2.14 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 10% from 2022/23 ($4.32 million) to 2026/27.

Is there industrial and storage space for lease at 56-35 48th Street?

No space at 56-35 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.

2,492 buildings from city records

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