Queens
Commercial space in Maspeth
Maspeth is one of the largest industrial areas in Queens: warehouses, distribution buildings and trucking yards fill the blocks between Newtown Creek and the Long Island Expressway, much of it inside the Maspeth Industrial Business Zone. There is no subway stop, so tenants rely on the expressways and on buses along Grand Avenue, which is also the neighborhood's retail street.
- Commercial properties
- 948
- Industrial stock
- 8.4M SF
- Median year built
- 1947
- Known for
- Industrial, Flex / Creative
Building figures are existing stock from NYC PLUTO 26v2 tax lot records, not space on the market. More below.
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Nothing listed in Maspeth yet
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NYC tax lot records
The building stock in Maspeth
What already stands here, from the city's own property data. Useful for sizing a search before a single space is listed.
- Commercial properties
- 948
- Office space
- 1.1M SF
- Retail space
- 788K SF
- Built before 1940
- 42%
Largest industrial and storage buildings
All 43 large commercial buildings in MaspethAge, height and zoning
- Median year built: 1947.
- Median height: 2 floors.
- Most common zoning districts: M1-1 (205), R4-1 (159), R5B (117). 48% of these lots are zoned for manufacturing.
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-09-30. Counts cover tax lots with commercial floor area within about 0.7 mi of Maspeth's commercial core, and each lot counts toward one neighborhood only, so boundaries are approximate. Building figures are the city's floor-area estimates, not available space.
NYC property records (ACRIS)
Recent building sales in Maspeth
14 sales of the large commercial buildings Leasemark tracks in Maspeth have been recorded since 2016, $585.6 million in all. The newest 6 are below.
Newest sales
Since 2016
- Largest: 50-35 56th Road, $132 million in December 2021.
- Median price: about $341 a square foot of floor area, across 10 one-building sales.
- Newest deed on record: December 2023. The city's open data runs about a month behind.
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-09-30; prices as the deeds state them, buyers named only when they are companies. These are sales of the large buildings Leasemark tracks, not every sale here: condo buildings (sold unit by unit), partial interests and sales of the company that owns a building are left out.
NYC Department of Finance
Commercial property taxes in Maspeth
Of the 43 large commercial buildings Leasemark tracks in Maspeth, 38 carry property tax on the city's 2026/27 assessment roll. Their median estimated tax is about $4.68 per square foot of floor area a year, before abatements.
Largest estimated bills
Across 38 taxed buildings
- The middle half pay between $3.80 and $5.58 a square foot of floor area a year.
- Queens median: $5.25 a square foot, across 168 large buildings Leasemark tracks.
- Median market value on the roll: about $103 a square foot. That is the city's valuation for tax, not a sale price.
- 5 buildings are fully exempt, including 55-04 Maspeth Avenue and 58-80 59th Street. Exemptions like these are common for government, nonprofit and PILOT properties.
34th highest of 36 NYC neighborhoods by tax per SFHow taxes show up in a lease
Source: NYC Department of Finance, Property Valuation and Assessment Data, 2026/27 roll, pulled 2026-09-30. Estimates are the taxable value after exemptions times the Class 4 rate of 10.848% (tax year 2025/26, the latest the city lists), divided by the building's floor area in PLUTO. They leave out abatements such as ICAP, payment-in-lieu-of-taxes agreements and charges, so actual bills differ. Large buildings only (50,000 SF and up in Queens).
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 Maspeth
How much commercial space is there in Maspeth?
New York City's PLUTO tax lot data (26v2) records about 13.4 million square feet of commercial floor area across 948 properties in the part of Maspeth Leasemark covers, including about 1.1 million square feet of office and about 788,000 square feet of retail. The largest industrial and storage building by that measure is 55-04 Maspeth Avenue, at about 488,000 square feet. That is the existing building stock, not space currently available.
When did a large commercial building in Maspeth last sell?
The newest sale on record is 58-95 Maurice Avenue, which sold in December 2023 for $57 million to BP NEW YORK 2, LLC, per the deed recorded with the city. 14 sales, $585.6 million in all, have been recorded of the large commercial buildings Leasemark tracks in Maspeth since 2016.
How much are commercial property taxes in Maspeth?
On the Department of Finance's 2026/27 assessment roll, the 38 large commercial buildings Leasemark tracks in Maspeth that pay property tax come to a median of about $4.68 per square foot of floor area a year, with the middle half between $3.80 and $5.58. That is the taxable value after exemptions times the Class 4 rate of 10.848% (tax year 2025/26, the latest the city lists), before abatements such as ICAP. The largest estimated bill is 46-06 57th Avenue, about $2.95 million a year. 5 more buildings are fully exempt. Many office leases pass a tenant's share of increases over a base year through as additional rent.
Do tenants in Maspeth pay the NYC Commercial Rent Tax?
No. The Commercial Rent Tax only applies to space in Manhattan below 96th Street. It was repealed for Queens, so a commercial lease in Maspeth does not pay it at any rent.
Is it free to post on Leasemark?
Yes. Posting a space or a requirement is free. Contact details are only shared when both sides accept an intro.
Getting there
- Q58 and Q59 buses on Grand Av
- Long Island Expressway and Brooklyn-Queens Expressway