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59-48 55th St 18,500 SF Industrial Building Maspeth, NY 11378 For Sale
INVESTMENT HIGHLIGHTS
- Take advantage of the newly passed FEDERAL TAX INCENTIVES with this exceptional Maspeth manufacturing opportunity.
- HVAC 5-zone central air conditioning totaling 100 tons
- Convenient access to bus lines, highways, subways, and LIRR
- Zoned M1-1 for light manufacturing, warehouse, and distribution
- 2,000 amp 3-phase power supports heavy industrial use
EXECUTIVE SUMMARY
Jaffe Realty LLC & TEK Realty Advisors have been retained on a Exclusive basis. Take advantage of the newly passed “Made in the USA” FEDERAL TAX INCENTIVES” with this exceptional Maspeth industrial opportunity. Zoned M1-1 and spanning 16,580 square feet, this property has been impeccably maintained and is ready for immediate use. Features include 5 ZONE 100 TONS, central air conditioning, 3-phase power with 2000 amps, a loading dock with overhead doors accommodating two trucks, plus an additional overhead door adjacent to the 2,000-square-foot parking lot provides indoor parking options. Ideally located near major highways and multiple public transportation routes, this tax-incentivized purchase presents a rare chance to invest in one of Maspeth’s best opportunities. Public Transportation & Connectivity: Nearby Bus lines; Q18, Q39, Q54, Q59, Q67. Closest stop: Grand St/Grand St Bridge — approximately an 8-minute walk from 48th St. Additional nearby stop: 55th Ave/48th St — convenient for daily commuters. Subway Access: Jefferson Ave (L line), 61 St-Woodside (7 line): short bus ride or around a 2-minute walk from 55th Rd. Middle Village - Metropolitan Ave (M train). LIRR Commuter Rail: Woodside Station (LIRR): approximately a 7-minute drive or just under 3 miles — providing regional access to Manhattan and Long Island.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$57,784
|
$3.12
|
| Operating Expenses |
$100
|
$0.01
|
| Total Expenses |
$57,884
|
$3.13
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025)
| Taxes | |
|---|---|
| Annual | $57,784 |
| Annual Per SF | $3.12 |
| Operating Expenses | |
|---|---|
| Annual | $100 |
| Annual Per SF | $0.01 |
| Total Expenses | |
|---|---|
| Annual | $57,884 |
| Annual Per SF | $3.13 |
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Air Conditioning
UTILITIES
- Lighting
- Gas - Natural
- Water
- Sewer
- Heating
1 1
Walk Score®
Very Walkable (84)
Transit Score®
Excellent Transit (76)
PROPERTY TAXES
| Parcel Number | 02629-0032 | Total Assessment | $542,250 |
| Land Assessment | $107,550 | Annual Taxes | $57,784 ($3.12/SF) |
| Improvements Assessment | $434,700 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
02629-0032
Land Assessment
$107,550
Improvements Assessment
$434,700
Total Assessment
$542,250
Annual Taxes
$57,784 ($3.12/SF)
Tax Year
2025
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59-48 55th St
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