Factory and industrial building · Maspeth, Queens
57-47 47th Street
Maspeth, NY 11378
57-47 47th Street is a 1-floor factory and industrial building in Maspeth, Queens, built in 1960, with about 71,000 square feet of industrial and storage space according to city records.
- Industrial and storage space
- 71K SF
- Floors
- 1
- Year built
- 1960
- Zoning
- M3-1
The 26th largest of the 42 industrial and storage buildings we track in Maspeth. Compare it with 6 neighbors
No space at 57-47 47th 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 57-47 47th Street compares
Next to the 6 nearest large industrial and storage buildings, all within a 4 minute walk, 57-47 47th Street ranks 3rd of 7 by industrial and storage floor area. It went up in 1960; the median neighbor dates from 1963. Its estimated property tax, about $4.56 a square foot of floor area before abatements, is below the neighbors' median of $5.18.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 57-47 47th Street | 71K SF | 1 | 1960 | $4.56 | Jan 2019, $22.1M |
| 57-10 49th Place | 81K SF | 2 | 1963 | $4.74 | n/a |
| 56-45 48th Street | 56K SF | 1 | 1963 | Exempt | n/a |
| 57-00 49th Place | 59K SF | 2 | 1964 | $6.66 | Dec 2017, $23M |
| 57-13 49th Place | 56K SF | 2 | 1972 | $4.61 | n/a |
| 57-01 49th Place | 64K SF | 1 | 1930 | Exempt | n/a |
| 56-72 49th Place | 82K SF | 1 | 1965 | $5.61 | Nov 2018, $16.9M |
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
- Factory and industrial building (city class F5)
- Total floor area
- 70,776 SF
- Commercial floor area
- 70,776 SF
- Industrial and storage
- 70,776 SF
- Height
- 1 floor
- Year built
- 1960
- Last major alteration
- 2020
- Lot area
- 131,649 SF
- Zoning district
- M3-1
- Built FAR
- 0.54
- Max commercial FAR
- 2
- Tax lot (BBL)
- 4026020058
Nearest subway
- Seneca Av
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 57-47 47TH STREET ASSOCIATES LLC as the owner of record. For tax year 2026/27 the city values 57-47 47th Street at $7.11 million and assesses it at $3.2 million. After phase-ins and exemptions its taxable value is $2.98 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 $322,928 a year before abatements, roughly $4.56 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
- 57-47 47TH STREET ASSOCIATES LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $7,108,000
- Land market value
- $3,949,000
- Assessed value
- $3,198,600
- Taxable value (phased in)
- $2,976,840
- Estimated yearly tax
- About $322,928
- Tax per SF of floor area
- About $4.56
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
57-47 47th Street last sold in January 2019 for $22.1 million, according to the deed recorded with the city. ADVANCE RELOCATION & STORAGE INC. sold it to 57-47 47TH STREET ASSOCIATES LLC.
- Last sale (deed date)
- January 25, 2019
- Price
- $22,125,000
- Seller
- ADVANCE RELOCATION & STORAGE INC.
- Buyer
- 57-47 47TH STREET ASSOCIATES LLC
- Deed recorded
- January 31, 2019
- ACRIS document
- 2019013100716001
Recorded sales
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.
NYC energy benchmarking (Local Law 84)
Energy use and emissions
57-47 47th Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), 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 76.4 kBtu per square foot. Its greenhouse gas emissions were about 475 metric tons of CO2e (6.1 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Manufacturing/Industrial Plant
- Site energy use intensity
- 76.4 kBtu/SF
- Greenhouse gas emissions
- 475 t CO2e
- Emissions per SF
- 6.1 kg CO2e
- Floor area in the filing
- 77,854 SF
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.
Before you sign
Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.
Gross vs net leases in NYC: what tenants actually pay
Gross, modified gross or triple net: how NYC leases split taxes, operating costs and electricity, what the asking rent leaves out, and how to compare two spaces fairly.
How to read a New York commercial lease, clause by clause
Walk through a New York commercial lease clause by clause: rent start, escalations, deposit and guaranty, use, alterations, subletting, default and the end of the term.
Questions about 57-47 47th Street
How big is 57-47 47th Street?
57-47 47th Street has about 71,000 square feet of floor area in total, including 71,000 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 57-47 47th Street built?
City records list 1960 as the year built, with a major alteration recorded in 2020. The building is 1 floor tall.
What is the ZIP code of 57-47 47th Street?
57-47 47th 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 57-47 47th Street, Maspeth, NY 11378.
What is the zoning at 57-47 47th Street?
The lot is in the M3-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.54 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 57-47 47th Street?
The closest subway station to 57-47 47th Street is Seneca Av (the M train), about 1.4 miles away in a straight line, roughly 28 minutes on foot. Walking times are straight-line estimates; the street route is longer.
Who owns 57-47 47th Street?
The NYC Department of Finance's 2026/27 assessment roll lists 57-47 47TH STREET ASSOCIATES LLC as the owner of record of 57-47 47th Street (BBL 4026020058). 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 57-47 47th Street last sold?
57-47 47th Street last sold in January 2019 for $22.1 million, according to the deed recorded with the city. ADVANCE RELOCATION & STORAGE INC. sold it to 57-47 47TH STREET ASSOCIATES LLC. The deed is ACRIS document 2019013100716001 (BBL 4026020058) 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.
Does 57-47 47th Street have an energy grade?
57-47 47th Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), 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 76.4 kBtu per square foot. Its greenhouse gas emissions were about 475 metric tons of CO2e (6.1 kg per square foot).
What are the property taxes at 57-47 47th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $2.98 million for 57-47 47th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $322,928 a year, roughly $4.56 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4026020058 show the actual bill.
What is the assessed value of 57-47 47th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 57-47 47th Street at $7.11 million ($3.95 million of it land) and its assessed value at $3.2 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 21% from 2022/23 ($5.88 million) to 2026/27.
Is there industrial and storage space for lease at 57-47 47th Street?
No space at 57-47 47th 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