Factory and industrial building · Maspeth, Queens
58-80 59th Street
Maspeth, NY 11378
58-80 59th Street is a 2-floor factory and industrial building in Maspeth, Queens, built in 1961, with about 82,000 square feet of industrial and storage space according to city records.
Also at 56-20 59th Street, 58-80 Maurice Avenue and 58-80 REA Maurice Avenue.
- Industrial and storage space
- 82K SF
- Floors
- 2
- Year built
- 1961
- Zoning
- M1-1
The 22nd largest of the 42 industrial and storage buildings we track in Maspeth. Compare it with 6 neighbors
No space at 58-80 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 58-80 59th Street compares
Next to the 6 nearest large industrial and storage buildings, all within a 5 minute walk, 58-80 59th Street ranks 5th of 7 by industrial and storage floor area. It went up in 1961; the median neighbor dates from 1965. Its property tax is fully exempt on the city's assessment roll.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 58-80 59th Street | 82K SF | 2 | 1961 | Exempt | n/a |
| 58-55 56th Drive | 61K SF | 1 | 1964 | Exempt | n/a |
| 58-95 Maurice Avenue | 128K SF | 1 | 1988 | $5.47 | Dec 2023, $57M |
| 58-51 Maspeth Avenue | 188K SF | 3 | 1967 | $3.06 | n/a |
| 55-60 58th Street | 172K SF | 2 | 1957 | $6.06 | n/a |
| 56-38 58th Street | 59K SF | 1 | 1987 | $6.64 | n/a |
| 55-30 58th Street | 86K SF | 1 | 1950 | $4.76 | Nov 2016, $20.6M |
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
- 56-20 59th Street; 58-80 Maurice Avenue; 58-80 REA Maurice Avenue
- ZIP code
- 11378
- Building type
- Factory and industrial building (city class F1)
- Total floor area
- 81,900 SF
- Commercial floor area
- 81,900 SF
- Industrial and storage
- 81,900 SF
- Height
- 2 floors
- Year built
- 1961
- Last major alteration
- 1989
- Lot area
- 75,900 SF
- Zoning district
- M1-1
- Built FAR
- 1.08
- Max commercial FAR
- 1
- Tax lot (BBL)
- 4026660020
Nearest subway
- 52 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 ALLE PROCESSING CORP as the owner of record. For tax year 2026/27 the city values 58-80 59th Street at $6.92 million and assesses it at $3.12 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
- ALLE PROCESSING CORP
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $6,924,000
- Land market value
- $1,310,000
- Assessed value
- $3,115,800
- Exemptions
- $3,115,800
- 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.
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Questions about 58-80 59th Street
How big is 58-80 59th Street?
58-80 59th Street has about 82,000 square feet of floor area in total, including 82,000 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 58-80 59th Street built?
City records list 1961 as the year built, with a major alteration recorded in 1989. The building is 2 floors tall.
What other addresses does 58-80 59th Street have?
City records list 56-20 59th Street, 58-80 Maurice Avenue and 58-80 REA Maurice Avenue on the same tax lot (BBL 4026660020) as 58-80 59th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 58-80 59th Street?
58-80 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 58-80 59th Street, Maspeth, NY 11378.
What is the zoning at 58-80 59th Street?
The lot is in the M1-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 1.08 and a maximum commercial FAR of 1 for this lot.
What subway station is closest to 58-80 59th Street?
The closest subway station to 58-80 59th Street is 52 St (the 7 train), about 1.3 miles away in a straight line, roughly 27 minutes on foot. Walking times are straight-line estimates; the street route is longer.
Who owns 58-80 59th Street?
The NYC Department of Finance's 2026/27 assessment roll lists ALLE PROCESSING CORP as the owner of record of 58-80 59th Street (BBL 4026660020). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
What are the property taxes at 58-80 59th Street?
The Department of Finance's 2026/27 assessment roll lists exemptions covering the whole taxable value of 58-80 59th 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 4026660020 show what is actually billed.
What is the assessed value of 58-80 59th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 58-80 59th Street at $6.92 million ($1.31 million of it land) and its assessed value at $3.12 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 11% from 2022/23 ($6.22 million) to 2026/27.
Is there industrial and storage space for lease at 58-80 59th Street?
No space at 58-80 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