Warehouse · Maspeth, Queens
59-25 63rd Street
Maspeth, NY 11378
59-25 63rd Street is a 2-floor warehouse in Maspeth, Queens, built in 1940, with about 36,000 square feet of industrial and storage space according to city records.
- Industrial and storage space
- 36K SF
- Floors
- 2
- Year built
- 1940
- Zoning
- M1-1
The 59th largest of the 63 industrial and storage buildings we track in Maspeth. Compare it with 6 neighbors
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Compared with its neighbors
How 59-25 63rd Street compares
Next to the 6 nearest large industrial and storage buildings, all within a 10 minute walk, 59-25 63rd Street ranks 6th of 7 by industrial and storage floor area. It went up in 1940; the median neighbor dates from 1954. Its estimated property tax, about $4.31 a square foot of floor area before abatements, is above the neighbors' median of $3.82.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 59-25 63rd Street | 36K SF | 2 | 1940 | $4.31 | n/a |
| 63-02 59th Avenue | 40K SF | 2 | 1940 | $3.68 | Feb 2004, $2M |
| 58-29 64th Street | 38K SF | 2 | 1930 | $3.95 | n/a |
| 58-54 59th Street | 60K SF | 2 | 1963 | $4.28 | Jul 2008, $2M (2 lots) |
| 58-60 Grand Avenue | 35K SF | 1 | 1956 | $3.28 | Jul 2008, $2M (2 lots) |
| 58-40 Grand Avenue | 44K SF | 1 | 1957 | $3.96 | Jul 2008, $2.4M (2 lots) |
| 58-30 Grand Avenue | 152K SF | 3 | 1953 | $2.60 | Mar 2022, $51.3M |
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 35,000 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
- 36,000 SF
- Commercial floor area
- 36,000 SF
- Industrial and storage
- 36,000 SF
- Height
- 2 floors
- Year built
- 1940
- Last major alteration
- 1996
- Lot area
- 33,882 SF
- Zoning district
- M1-1
- Built FAR
- 1.06
- Max commercial FAR
- 1
- Tax lot (BBL)
- 4027550014
Nearest subway
- Middle Village-Metropolitan Av
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-05; subway stations from the MTA Subway Stations dataset, pulled 2026-10-05. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates. How we build these pages. Something wrong on this page? Tell us.
NYC Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists LANDES ASSOCIATES as the owner of record. For tax year 2026/27 the city values 59-25 63rd Street at $3.44 million and assesses it at $1.55 million. After phase-ins and exemptions its taxable value is $1.43 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 $155,118 a year before abatements, roughly $4.31 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
- LANDES ASSOCIATES
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $3,435,000
- Land market value
- $1,525,000
- Assessed value
- $1,545,750
- Taxable value (phased in)
- $1,429,920
- Estimated yearly tax
- About $155,118
- Tax per SF of floor area
- About $4.31
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 2026-10-09; 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.
Own or manage 59-25 63rd Street? List a space here free and we match it against every active requirement.
NYC energy benchmarking (Local Law 84)
Energy use and emissions
59-25 63rd 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 32.4 kBtu per square foot. Its greenhouse gas emissions were about 72.9 metric tons of CO2e (2.02 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Manufacturing/Industrial Plant
- Site energy use intensity
- 32.4 kBtu/SF
- Greenhouse gas emissions
- 72.9 t CO2e
- Emissions per SF
- 2.02 kg CO2e
- Floor area in the filing
- 36,000 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 2026-10-09; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
Local Law 97 of 2019, estimated
Local Law 97 emissions limit
At its 2024 energy use, 59-25 63rd Street comes to about 68 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 273 tons for 2024 to 2029 (25% of the limit), so it would owe no penalty. From 2030 the limit drops to 55 tons and the same energy use counts as about 60 tons, about 5 tons over, or an estimated $1,400 a year unless the building cuts its emissions.
- Period
- 2024 to 2029
- Emissions limit
- 273 t CO2e
- Estimated emissions
- 68 t CO2e
- Under the limit by
- 205 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 55 t CO2e
- Estimated emissions
- 60 t CO2e
- Over the limit by
- 5 t CO2e
- Estimated penalty a year
- $1,400
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Office 3,000 SF; Manufacturing/Industrial Plant 33,000 SF. It applies the coefficients and per-use limits in Department of Buildings rule 1 RCNY 103-14 and Administrative Code 28-320.3.1.1 (as the Department lists them) and the $268 per ton penalty, checked 2026-10-04. It is not the building's Local Law 97 report: that report can count renewable energy credits, solar and storage deductions and, for 2024 and 2025, the law's occupancy group limits where higher, and penalties can be reduced for good faith efforts.
Change these numbers in the Local Law 97 calculator to see what a cut in energy use would do to the penalty.
Own or manage 59-25 63rd Street? List a space here free and we match it against every active requirement.
Before you sign
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Questions about 59-25 63rd Street
How big is 59-25 63rd Street?
59-25 63rd Street has about 36,000 square feet of floor area in total, including 36,000 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 59-25 63rd Street built?
City records list 1940 as the year built, with a major alteration recorded in 1996. The building is 2 floors tall.
What is the ZIP code of 59-25 63rd Street?
59-25 63rd 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 59-25 63rd Street, Maspeth, NY 11378.
What is the zoning at 59-25 63rd Street?
The lot is in the M1-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 1.06 and a maximum commercial FAR of 1 for this lot.
What subway station is closest to 59-25 63rd Street?
The closest subway station to 59-25 63rd Street is Middle Village-Metropolitan Av (the M train), about 0.8 miles away in a straight line, roughly 16 minutes on foot. The MTA lists it as an accessible station. Walking times are straight-line estimates; the street route is longer.
Who owns 59-25 63rd Street?
The NYC Department of Finance's 2026/27 assessment roll lists LANDES ASSOCIATES as the owner of record of 59-25 63rd Street (BBL 4027550014). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
Does 59-25 63rd Street have an energy grade?
59-25 63rd 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 32.4 kBtu per square foot. Its greenhouse gas emissions were about 72.9 metric tons of CO2e (2.02 kg per square foot).
Does 59-25 63rd Street meet Local Law 97?
At its 2024 energy use, 59-25 63rd Street comes to about 68 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 273 tons for 2024 to 2029 (25% of the limit), so it would owe no penalty. From 2030 the limit drops to 55 tons and the same energy use counts as about 60 tons, about 5 tons over, or an estimated $1,400 a year unless the building cuts its emissions. This is an estimate from the owner's 2024 benchmarking filing using the coefficients and per-use limits in the law and the Department of Buildings rule, at $268 per ton over. It is not the building's Local Law 97 report, which can count credits and deductions this estimate cannot.
What are the property taxes at 59-25 63rd Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $1.43 million for 59-25 63rd Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $155,118 a year, roughly $4.31 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4027550014 show the actual bill.
What is the assessed value of 59-25 63rd Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 59-25 63rd Street at $3.44 million ($1.52 million of it land) and its assessed value at $1.55 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 16% from 2022/23 ($2.96 million) to 2026/27.
Is there industrial and storage space for lease at 59-25 63rd Street?
No space at 59-25 63rd 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.
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Maspeth
Transit hubs in Maspeth
- Q58 and Q59 buses on Grand Av
- Long Island Expressway and Brooklyn-Queens Expressway