54-20 50th St
Maspeth, NY 11378
Land For Sale
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0.92 AC
Investment Highlights
- Rare opportunity to purchase a fully paved and fenced-in 40,037-square-foot lot that naturally lends to storage and parking needs.
- Situated at the junction of I-278 and I-495 with convenient access to Long Island, Queens, Brooklyn, and Manhattan.
- Reach La Guardia Airport in 10 minutes, JFK in 19 minutes, and the NY-Red Hook Container Terminal Freight Port in 15 minutes.
- The Woodside and Hunterspoint Avenue stations on the Long Island Rail Road are accessible to employees within a five-minute drive.
Property Facts
Description
54-20 50th Street offers a rare 40,037-square-foot lot in the heart of Maspeth, New York. This one-of-a-kind institutional-quality location offers outside storage and parking solutions with a fully paved, gated, and fenced-in lot. The newly re-paved site naturally lends to a wide variety of storage and parking needs. Surrounding neighborhood tenants span various industries, such as logistics, plumbing, welding, food delivery, truck and crane rentals, and a UPS Customer Center is just two minutes away on 48th Street. The current zoning is M2-1 with a FAR of 2.0, allowing for many as-of-right industrial uses. Recently completed and upcoming capital improvements include new LED site lighting, new paving and concrete, renovated shop space, an additional curb cut, and pavement striping. 54-20 50th Street is ideally located only minutes from the Long Island Expressway and the Brooklyn Queens Expressway, allowing easy access to Brooklyn, Queens, Manhattan, the Bronx, and Long Island.
Property Taxes
| Parcel Number | 02557-0030 | Improvements Assessment | $0 |
| Land Assessment | $657,175 | Total Assessment | $657,175 |
Property Taxes
