Warehouse · Maspeth, Queens
56-38 58th Street
Maspeth, NY 11378
56-38 58th Street is a 1-floor warehouse in Maspeth, Queens, built in 1987, with about 59,000 square feet of industrial and storage space according to city records.
Also at 56-01 56th Drive, 56-09 to 56-13 56th Drive, 56-17 to 56-59 56th Drive, 57-27 56th Drive and 1 more.
- Industrial and storage space
- 59K SF
- Floors
- 1
- Year built
- 1987
- Zoning
- M1-1
The 35th largest of the 42 industrial and storage buildings we track in Maspeth. Compare it with 6 neighbors
No space at 56-38 58th 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 56-38 58th Street compares
Next to the 6 nearest large industrial and storage buildings, all within a 4 minute walk, 56-38 58th Street ranks 6th of 7 by industrial and storage floor area. It went up in 1987; the median neighbor dates from 1954. Its estimated property tax, about $6.64 a square foot of floor area before abatements, is above the neighbors' median of $4.55.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 56-38 58th Street | 59K SF | 1 | 1987 | $6.64 | n/a |
| 55-60 58th Street | 172K SF | 2 | 1957 | $6.06 | n/a |
| 55-30 58th Street | 86K SF | 1 | 1950 | $4.76 | Nov 2016, $20.6M |
| 56-05 55th Drive | 57K SF | 1 | 1948 | $3.09 | n/a |
| 56-02 Maspeth Avenue | 135K SF | 3 | 1954 | $3.57 | Nov 2014, $20M (2 lots) |
| 58-95 Maurice Avenue | 128K SF | 1 | 1988 | $5.47 | Dec 2023, $57M |
| 50-35 56th Road | 100K SF | 1 | 1954 | $4.34 | Dec 2021, $132M |
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
- 56-01 56th Drive; 56-09 to 56-13 56th Drive; 56-17 to 56-59 56th Drive; 57-27 56th Drive; 56-38 to 56-44 58th Street
- ZIP code
- 11378
- Building type
- Warehouse (city class E1)
- Total floor area
- 59,000 SF
- Commercial floor area
- 59,000 SF
- Industrial and storage
- 59,000 SF
- Height
- 1 floor
- Year built
- 1987
- Lot area
- 59,000 SF
- Zoning district
- M1-1
- Built FAR
- 1
- Max commercial FAR
- 1
- Tax lot (BBL)
- 4025850002
Nearest subway
- 46 St-Bliss St
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 M1 LLC as the owner of record. For tax year 2026/27 the city values 56-38 58th Street at $8.46 million and assesses it at $3.81 million. After phase-ins and exemptions its taxable value is $3.61 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 $391,649 a year before abatements, roughly $6.64 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
- M1 LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $8,463,000
- Land market value
- $1,180,000
- Assessed value
- $3,808,350
- Taxable value (phased in)
- $3,610,330
- Estimated yearly tax
- About $391,649
- Tax per SF of floor area
- About $6.64
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
56-38 58th Street reported an ENERGY STAR score of 2 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 60.8 kBtu per square foot, 3.3 times the national median of 18.6 for a similar property. Its greenhouse gas emissions were about 454 metric tons of CO2e (7 kg per square foot).
- ENERGY STAR score (2024)
- 2 of 100
- Grade this score earns (Local Law 33)
- D (under 55)
- Property type (Portfolio Manager)
- Distribution Center
- Site energy use intensity
- 60.8 kBtu/SF
- National median for the type
- 18.6 kBtu/SF
- Greenhouse gas emissions
- 454 t CO2e
- Emissions per SF
- 7 kg CO2e
- Floor area in the filing
- 64,900 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.
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Questions about 56-38 58th Street
How big is 56-38 58th Street?
56-38 58th Street has about 59,000 square feet of floor area in total, including 59,000 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 56-38 58th Street built?
City records list 1987 as the year built. The building is 1 floor tall.
What other addresses does 56-38 58th Street have?
City records list 56-01 56th Drive, 56-09 to 56-13 56th Drive, 56-17 to 56-59 56th Drive, 57-27 56th Drive and 56-38 to 56-44 58th Street on the same tax lot (BBL 4025850002) as 56-38 58th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 56-38 58th Street?
56-38 58th 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 56-38 58th Street, Maspeth, NY 11378.
What is the zoning at 56-38 58th Street?
The lot is in the M1-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 1 and a maximum commercial FAR of 1 for this lot.
What subway station is closest to 56-38 58th Street?
The closest subway station to 56-38 58th Street is 46 St-Bliss St (the 7 train), about 1.3 miles away in a straight line, roughly 26 minutes on foot. Walking times are straight-line estimates; the street route is longer.
Who owns 56-38 58th Street?
The NYC Department of Finance's 2026/27 assessment roll lists M1 LLC as the owner of record of 56-38 58th Street (BBL 4025850002). 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.
What is the energy grade of 56-38 58th Street?
56-38 58th Street reported an ENERGY STAR score of 2 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 2 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 60.8 kBtu per square foot, 3.3 times the national median of 18.6 for a similar property. Its greenhouse gas emissions were about 454 metric tons of CO2e (7 kg per square foot).
What are the property taxes at 56-38 58th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $3.61 million for 56-38 58th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $391,649 a year, roughly $6.64 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4025850002 show the actual bill.
What is the assessed value of 56-38 58th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 56-38 58th Street at $8.46 million ($1.18 million of it land) and its assessed value at $3.81 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 27% from 2022/23 ($6.64 million) to 2026/27.
Is there industrial and storage space for lease at 56-38 58th Street?
No space at 56-38 58th 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