Warehouse · Maspeth, Queens
58-54 59th Street
Maspeth, NY 11378
58-54 59th Street is a 2-floor warehouse in Maspeth, Queens, built in 1963, with about 60,000 square feet of industrial and storage space according to city records.
Also at 58-54 to 58-60 59th Street.
- Industrial and storage space
- 60K SF
- Floors
- 2
- Year built
- 1963
- Zoning
- M3-1
The 33rd largest of the 42 industrial and storage buildings we track in Maspeth. Compare it with 6 neighbors
No space at 58-54 59th 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 58-54 59th Street compares
Next to the 6 nearest large industrial and storage buildings, all within a 7 minute walk, 58-54 59th Street ranks 6th of 7 by industrial and storage floor area. It went up in 1963; the median neighbor dates from 1953. Its estimated property tax, about $4.28 a square foot of floor area before abatements, is above the neighbors' median of $3.06.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 58-54 59th Street | 60K SF | 2 | 1963 | $4.28 | Jul 2008, $2M (2 lots) |
| 58-30 Grand Avenue | 152K SF | 3 | 1953 | $2.60 | Mar 2022, $51.3M |
| 58-13 Grand Avenue | 52K SF | 1 | 1930 | $3.79 | n/a |
| 58-77 57th Street | 74K SF | 3 | 1951 | $2.71 | n/a |
| 58-51 Maspeth Avenue | 188K SF | 3 | 1967 | $3.06 | n/a |
| 56-02 Maspeth Avenue | 135K SF | 3 | 1954 | $3.57 | Nov 2014, $20M (2 lots) |
| 58-55 56th Drive | 61K SF | 1 | 1964 | 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
- 58-54 to 58-60 59th Street
- ZIP code
- 11378
- Building type
- Warehouse (city class E1)
- Total floor area
- 62,102 SF
- Commercial floor area
- 62,102 SF
- Office
- 2,500 SF
- Industrial and storage
- 59,602 SF
- Height
- 2 floors
- Year built
- 1963
- Last major alteration
- 1985
- Lot area
- 48,813 SF
- Zoning district
- M3-1
- Built FAR
- 1.27
- Max commercial FAR
- 2
- Tax lot (BBL)
- 4026810084
Nearest subway
- Forest 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 M-H REALTY CO. #6 LLC as the owner of record. For tax year 2026/27 the city values 58-54 59th Street at $5.83 million and assesses it at $2.62 million. After phase-ins and exemptions its taxable value is $2.45 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 $265,911 a year before abatements, roughly $4.28 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
- M-H REALTY CO. #6 LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $5,826,000
- Land market value
- $1,220,000
- Assessed value
- $2,621,700
- Taxable value (phased in)
- $2,451,240
- Estimated yearly tax
- About $265,911
- Tax per SF of floor area
- About $4.28
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
58-54 59th Street last sold in July 2008 in a $1.99 million sale that covered 2 tax lots, this one among them, according to the deed recorded with the city.
- Last sale (deed date)
- July 18, 2008
- Combined price
- $1,994,905 for 2 tax lots
- Deed recorded
- August 1, 2008
- ACRIS document
- 2008072400648003
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; a price for several tax lots is the combined price, not this building's alone.
NYC energy benchmarking (Local Law 84)
Energy score, grade and emissions
58-54 59th Street reported an ENERGY STAR score of 36 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 47.7 kBtu per square foot, 25% above the national median of 38.1 for a similar property. Its greenhouse gas emissions were about 288 metric tons of CO2e (4.61 kg per square foot).
- ENERGY STAR score (2024)
- 36 of 100
- Grade this score earns (Local Law 33)
- D (under 55)
- Property type (Portfolio Manager)
- Non-Refrigerated Warehouse
- Site energy use intensity
- 47.7 kBtu/SF
- National median for the type
- 38.1 kBtu/SF
- Greenhouse gas emissions
- 288 t CO2e
- Emissions per SF
- 4.61 kg CO2e
- Floor area in the filing
- 62,543 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. 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 58-54 59th Street
How big is 58-54 59th Street?
58-54 59th Street has about 62,000 square feet of floor area in total, including 3,000 square feet of office and 60,000 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 58-54 59th Street built?
City records list 1963 as the year built, with a major alteration recorded in 1985. The building is 2 floors tall.
What other addresses does 58-54 59th Street have?
City records list 58-54 to 58-60 59th Street on the same tax lot (BBL 4026810084) as 58-54 59th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 58-54 59th Street?
58-54 59th 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 58-54 59th Street, Maspeth, NY 11378.
What is the zoning at 58-54 59th Street?
The lot is in the M3-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 1.27 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 58-54 59th Street?
The closest subway station to 58-54 59th Street is Forest Av (the M train), about 1.1 miles away in a straight line, roughly 22 minutes on foot. Walking times are straight-line estimates; the street route is longer.
Who owns 58-54 59th Street?
The NYC Department of Finance's 2026/27 assessment roll lists M-H REALTY CO. #6 LLC as the owner of record of 58-54 59th Street (BBL 4026810084). 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 58-54 59th Street last sold?
58-54 59th Street last sold in July 2008 in a $1.99 million sale that covered 2 tax lots, this one among them, according to the deed recorded with the city. The deed is ACRIS document 2008072400648003 (BBL 4026810084) 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.
What is the energy grade of 58-54 59th Street?
58-54 59th Street reported an ENERGY STAR score of 36 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 36 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 47.7 kBtu per square foot, 25% above the national median of 38.1 for a similar property. Its greenhouse gas emissions were about 288 metric tons of CO2e (4.61 kg per square foot).
What are the property taxes at 58-54 59th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $2.45 million for 58-54 59th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $265,911 a year, roughly $4.28 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4026810084 show the actual bill.
What is the assessed value of 58-54 59th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 58-54 59th Street at $5.83 million ($1.22 million of it land) and its assessed value at $2.62 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 14% from 2022/23 ($5.11 million) to 2026/27.
Is there industrial and storage space for lease at 58-54 59th Street?
No space at 58-54 59th 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