Warehouse · Maspeth, Queens
57-65 48th Street
Maspeth, NY 11378
57-65 48th Street is a 1-floor warehouse in Maspeth, Queens, built in 1963, 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
- 1963
- Zoning
- M3-1
The 27th largest of the 42 industrial and storage buildings we track in Maspeth. Compare it with 6 neighbors
No space at 57-65 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 57-65 48th Street compares
Next to the 6 nearest large industrial and storage buildings, all within a 3 minute walk, 57-65 48th Street ranks 4th of 7 by industrial and storage floor area. It went up in 1963; the median neighbor dates from 1963. Its estimated property tax, about $5.44 a square foot of floor area before abatements, is close to the neighbors' median of $5.42.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 57-65 48th Street | 71K SF | 1 | 1963 | $5.44 | n/a |
| 56-72 49th Place | 82K SF | 1 | 1965 | $5.61 | Nov 2018, $16.9M |
| 56-45 48th Street | 56K SF | 1 | 1963 | Exempt | n/a |
| 57-00 49th Place | 59K SF | 2 | 1964 | $6.66 | Dec 2017, $23M |
| 55-90 48th Street | 293K SF | 1 | 2022 | $5.24 | n/a |
| 57-01 49th Place | 64K SF | 1 | 1930 | Exempt | n/a |
| 500 49th Street | 144K SF | 4 | 1931 | $3.93 | 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
- ZIP code
- 11378
- Building type
- Warehouse (city class E1)
- Total floor area
- 83,550 SF
- Commercial floor area
- 83,550 SF
- Office
- 8,550 SF
- Industrial and storage
- 70,700 SF
- Height
- 1 floor
- Year built
- 1963
- Lot area
- 83,550 SF
- Zoning district
- M3-1
- Built FAR
- 1
- Max commercial FAR
- 2
- Tax lot (BBL)
- 4026020125
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 GEYSER REALTY LLC as the owner of record. For tax year 2026/27 the city values 57-65 48th Street at $10 million and assesses it at $4.52 million. After phase-ins and exemptions its taxable value is $4.19 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 $454,278 a year before abatements, roughly $5.44 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
- $10,044,000
- Land market value
- $1,671,000
- Assessed value
- $4,519,800
- Taxable value (phased in)
- $4,187,670
- Estimated yearly tax
- About $454,278
- Tax per SF of floor area
- About $5.44
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 use and emissions
57-65 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
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 2026-09-30; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
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Questions about 57-65 48th Street
How big is 57-65 48th Street?
57-65 48th Street has about 84,000 square feet of floor area in total, including 9,000 square feet of office and 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 57-65 48th Street built?
City records list 1963 as the year built. The building is 1 floor tall.
What is the ZIP code of 57-65 48th Street?
57-65 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 57-65 48th Street, Maspeth, NY 11378.
What is the zoning at 57-65 48th Street?
The lot is in the M3-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 1 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 57-65 48th Street?
The closest subway station to 57-65 48th Street is 46 St-Bliss St (the 7 train), about 1.4 miles away in a straight line, roughly 29 minutes on foot. Walking times are straight-line estimates; the street route is longer.
Who owns 57-65 48th Street?
The NYC Department of Finance's 2026/27 assessment roll lists GEYSER REALTY LLC as the owner of record of 57-65 48th Street (BBL 4026020125). 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 57-65 48th Street have an energy grade?
57-65 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 57-65 48th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $4.19 million for 57-65 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 $454,278 a year, roughly $5.44 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4026020125 show the actual bill.
What is the assessed value of 57-65 48th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 57-65 48th Street at $10 million ($1.67 million of it land) and its assessed value at $4.52 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 22% from 2022/23 ($8.24 million) to 2026/27.
Is there industrial and storage space for lease at 57-65 48th Street?
No space at 57-65 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