Queens  »  11378  »  56th Ter  »  5623 56th Ter

56-23 56th Terrace, Maspeth, NY 11378 - Property report

Also known as: 56-23 56th Ter

Property image for 56-23 56th Terrace, Maspeth, NY 11378
static Mapbox map

Property type

Factory - Industrial Semi-Fireproof (F4)

Year built

2018

Lot sq. ft.

14,054

General information

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Address
Primary address
56-23 56th Terrace
Alternate address(es)
56-25 56th Ter
56-29 56th Ter
56-35 56th Ter
ZIP code
11378
Neighborhood
Maspeth
Borough
Queens
Block & lot
02577-0050

Owner

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Building
Property type
Factory - Industrial Semi-Fireproof (F4)
Building sq. ft.
14,054
Building dimensions
219.44 ft x 80 ft
Buildings on lot
1
Stories
1
Year built
2018
Last altered
2019
Building material
Tax
Tax year
2026-2027
Property tax
$71,934
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
0
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
219.44 ft x 80 ft
Lot sq. ft.
14,054

Area overview

Walk score
70 /100.  Very Walkable
Transit score
59 /100.  Good Transit
Bike score
52 /100.  Bikeable
School district
24
Community district
2

View more such as transportation, nearby schools and risk designations.

Ownership information for 56-23 56th Terrace, Maspeth, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address

Sales history for 56-23 56th Terrace, Maspeth, NY 11378

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
07/25/2022 - R
07/06/2022 - D
Assignment of Leases and Rents
(2022072000985002)
XXXXX XXXXXX XX XXX XXXXXXX XXXXXXX XXXXXXX XXX XXXX XXXXXXXXXXX
07/25/2022 - R
07/06/2022 - D
Mortgage
(2022072000985001)
XXXXX XXXXXX XX XXX XXXXXXX XXXXXXX XXXXXXX XXX XXXX XXXXXXXXXXX
10/14/2021 - R
06/14/2021 - D
Declaration
(2021100700122001)
XXXXX XXXXXX XX XXX
10/07/2021 - R
06/14/2021 - D
Declaration
(2021061400202001)
XXXXX XXXXXX XX XXX
04/30/2020 - R
03/20/2020 - D
Easement
(2020043000261001)
XXXXX XXXXXX XX XXX XXXXX XXXXXX XX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Property taxes for 56-23 56th Terrace, Maspeth, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$71,934
Municipal exemptions
Recent tax assessments
Market value
$1,998,000
Assessed value
$899,100

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Taxable amount Tax rate Base tax Property tax Y-o-Y change
2025/26 $1,996,000 $898,200 $898,200 10.848% $97,437 $72,244 +0.24%
2024/25 $1,983,000 $892,350 $892,350 10.762% $96,035 $72,074 +6.09%
2023/24 $5,212,000 $2,345,400 $1,925,572 10.592% $203,957 $67,938 -63.48%
2022/23 $4,983,000 $2,242,350 $1,747,307 10.646% $186,018 $186,018 +8.80%
2021/22 $4,246,000 $1,910,700 $1,589,652 10.755% $170,967 $170,967 n/a

Permit information for 56-23 56th Terrace, Maspeth, NY

Filing date Job type Job status Job description Initial cost
08/13/2020 Alteration
02/10/2020 Alteration
02/10/2020 Alteration
05/21/2019 Alteration
05/21/2019 Alteration

*Most recent permits on record for this property.

More about New York City property records

DOB Violations

No recently recorded violations for this property.

Queens commercial market stats

Review a detailed real estate market overview of Queens and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Queens and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$458

1.2% Y-o-Y

Q1 2026 median price/sq. ft.

$434

-0.5% Y-o-Y

2025 median price/sq. ft.

$452

4.2% Y-o-Y

Check out recently sold homes in Queens and see how their prices compare.

Risk

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FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
5

Subway & traffic

Closest station
Jefferson St & Wyckoff Ave at NW Corner
Station lines
L
Distance (miles)
1.264

Access the detailed traffic volume map for 56-23 56th Terrace, Maspeth, NY 11378 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Frequently asked questions

What is the year built for 56-23 56th Terrace, Maspeth, NY 11378?

The development at 56-23 56th Terrace, Maspeth, NY 11378 was built in 2018.

What is the market value of 56-23 56th Terrace, Maspeth, NY 11378?

The current market value of 56-23 56th Terrace, Maspeth, NY 11378 is $1,998,000.

What is the total square footage of 56-23 56th Terrace, Maspeth, NY 11378?

56-23 56th Terrace, Maspeth, NY 11378 has a total of 14,054 square feet.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 1.

Disclaimer

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