Warehouse · Maspeth, Queens
56-45 48th Street
Maspeth, NY 11378
56-45 48th Street is a 1-floor warehouse in Maspeth, Queens, built in 1963, with about 56,000 square feet of industrial and storage space according to city records.
Also at 58-29 48th Street.
- Industrial and storage space
- 56K SF
- Floors
- 1
- Year built
- 1963
- Zoning
- M3-1
The 37th largest of the 42 industrial and storage buildings we track in Maspeth. Compare it with 6 neighbors
No space at 56-45 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 56-45 48th Street compares
Next to the 6 nearest large industrial and storage buildings, all within a 3 minute walk, 56-45 48th Street is the smallest by industrial and storage floor area. It went up in 1963; the median neighbor dates from 1963. Its property tax is fully exempt on the city's assessment roll.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 56-45 48th Street | 56K SF | 1 | 1963 | Exempt | n/a |
| 57-00 49th Place | 59K SF | 2 | 1964 | $6.66 | Dec 2017, $23M |
| 57-10 49th Place | 81K SF | 2 | 1963 | $4.74 | n/a |
| 56-72 49th Place | 82K SF | 1 | 1965 | $5.61 | Nov 2018, $16.9M |
| 57-65 48th Street | 71K SF | 1 | 1963 | $5.44 | n/a |
| 57-47 47th Street | 71K SF | 1 | 1960 | $4.56 | Jan 2019, $22.1M |
| 57-01 49th Place | 64K SF | 1 | 1930 | Exempt | 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
- Other address
- 58-29 48th Street
- ZIP code
- 11378
- Building type
- Warehouse (city class E1)
- Total floor area
- 58,316 SF
- Commercial floor area
- 58,316 SF
- Office
- 2,104 SF
- Industrial and storage
- 56,212 SF
- Height
- 1 floor
- Year built
- 1963
- Last major alteration
- 2021
- Lot area
- 62,071 SF
- Zoning district
- M3-1
- Built FAR
- 0.94
- Max commercial FAR
- 2
- Tax lot (BBL)
- 4026020102
Nearest subway
- Seneca 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 FATE REALTY CORP. as the owner of record. For tax year 2026/27 the city values 56-45 48th Street at $6.08 million and assesses it at $2.74 million. Exemptions on the roll cover the whole taxable value, which is common for government, nonprofit and payment-in-lieu-of-taxes properties.
- Owner of record
- FATE REALTY CORP.
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $6,082,000
- Land market value
- $2,483,000
- Assessed value
- $2,736,900
- Exemptions
- $2,736,900
- Estimated yearly tax
- Fully exempt on the roll
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. Exempt properties can still owe charges or payments in lieu of taxes that the roll does not show.
NYC energy benchmarking (Local Law 84)
Energy score, grade and emissions
56-45 48th Street reported an ENERGY STAR score of 91 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns an A (85 or higher). Its site energy use came to 10.2 kBtu per square foot, less than half the national median of 29.5 for a similar property. Its greenhouse gas emissions were about 66.8 metric tons of CO2e (1.14 kg per square foot).
- ENERGY STAR score (2024)
- 91 of 100
- Grade this score earns (Local Law 33)
- A (85 or higher)
- Property type (Portfolio Manager)
- Non-Refrigerated Warehouse
- Site energy use intensity
- 10.2 kBtu/SF
- National median for the type
- 29.5 kBtu/SF
- Greenhouse gas emissions
- 66.8 t CO2e
- Emissions per SF
- 1.14 kg CO2e
- Floor area in the filing
- 58,422 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 56-45 48th Street
How big is 56-45 48th Street?
56-45 48th Street has about 58,000 square feet of floor area in total, including 2,000 square feet of office and 56,000 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 56-45 48th Street built?
City records list 1963 as the year built, with a major alteration recorded in 2021. The building is 1 floor tall.
What other addresses does 56-45 48th Street have?
City records list 58-29 48th Street on the same tax lot (BBL 4026020102) as 56-45 48th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 56-45 48th Street?
56-45 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 56-45 48th Street, Maspeth, NY 11378.
What is the zoning at 56-45 48th Street?
The lot is in the M3-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.94 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 56-45 48th Street?
The closest subway station to 56-45 48th Street is Seneca Av (the M train), about 1.5 miles away in a straight line, roughly 29 minutes on foot. Walking times are straight-line estimates; the street route is longer.
Who owns 56-45 48th Street?
The NYC Department of Finance's 2026/27 assessment roll lists FATE REALTY CORP. as the owner of record of 56-45 48th Street (BBL 4026020102). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
What is the energy grade of 56-45 48th Street?
56-45 48th Street reported an ENERGY STAR score of 91 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 91 earns an A. 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 10.2 kBtu per square foot, less than half the national median of 29.5 for a similar property. Its greenhouse gas emissions were about 66.8 metric tons of CO2e (1.14 kg per square foot).
What are the property taxes at 56-45 48th Street?
The Department of Finance's 2026/27 assessment roll lists exemptions covering the whole taxable value of 56-45 48th Street, so there is no property tax on the roll to estimate. That is common for government, nonprofit and payment-in-lieu-of-taxes (PILOT) properties. The city's property tax records for BBL 4026020102 show what is actually billed.
What is the assessed value of 56-45 48th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 56-45 48th Street at $6.08 million ($2.48 million of it land) and its assessed value at $2.74 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 7% from 2022/23 ($5.68 million) to 2026/27.
Is there industrial and storage space for lease at 56-45 48th Street?
No space at 56-45 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