Queens  »  11378  »  48th St  »  5435 48th St

54-35 48th Street, Maspeth, NY 11378 - Property report

Also known as: 54-23 48th St

Property image for 54-35 48th Street, Maspeth, NY 11378
static Mapbox map

Property type

Fireproof Warehouse (E1)

Year built

1935

Lot sq. ft.

39,873

Sale price

$13,064,288

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Primary address
54-35 48th Street
Alternate address(es)
54-23 - 54-35 48th St
54-37 48th St
ZIP code
11378
Neighborhood
Maspeth
Borough
Queens
Block & lot
02557-0080

Owner

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Building
Property type
Fireproof Warehouse (E1)
Building sq. ft.
8,000
Building dimensions
150 ft x 53.33 ft
Buildings on lot
1
Stories
1
Year built
1935
Building material
Sales
Sale date
03/31/2023
Sale price
$13,064,288
Tax
Tax year
2026-2027
Property tax
$117,025
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
248 ft x 154 ft
Lot sq. ft.
39,873

Area overview

Walk score
56 /100.  Somewhat Walkable
Transit score
48 /100.  Some Transit
Bike score
53 /100.  Bikeable
School district
24
Community district
2
Closest police station
1.58 Miles
Closest fire station
0.85 Miles

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

Ownership

Ownership information for 54-35 48th Street, Maspeth, NY

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

Sales history for 54-35 48th Street, Maspeth, NY 11378

Sale date Sale price Buyer name Seller name
03/31/2023 $13,064,288 XXX XXXXXX-XXXXXXX XX XXX XXXXXXX, XXX. , XXXXXXX, XXXXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
04/21/2023 - R
03/31/2023 - D		 Assignment of Leases and Rents
(2023040700422004)		 XXX XXXXXXXXXXXXX XX XXX XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
04/21/2023 - R
03/31/2023 - D		 Mortgage
(2023040700422003)		 XXX XXXXXXXXXXXXX XX XXX XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
04/21/2023 - R
03/31/2023 - D		 Deed
(2023040700422002)		 XXXXXXX XXX XXXXXXX XXXXX XXX XXXXXXXXXXXXX XX XXX
04/04/2023 - R
03/31/2023 - D		 Termination of Assign of L&R
(2023040400405002)		 XXX XXXXXXXX XXX XXXXXXXXX XXXXXXX XXXX XXX
04/04/2023 - R
03/31/2023 - D		 Satisfaction of Mortgage
(2023040400405001)		 XXX XXXXXXXX XXX XXXXXXXXX XXXXXXX XXXX XXX
03/04/2021 - R
08/04/2020 - D		 Assignment of Leases and Rents
(2021030101085006)		 XXX XXXXXXXX XXX XXXXXXXXX XXXXXXX XXXX XXX
03/04/2021 - R
08/04/2020 - D		 Agreement
(2021030101085005)		 XXX XXXXXXXX XXX XXXXXXXXX XXXXXXX XXXX XXX
03/04/2021 - R
08/04/2020 - D		 Mortgage
(2021030101085004)		 XXX XXXXXXXX XXX XXXXXXXXX XXXXXXX XXXX XXX
03/04/2021 - R
08/04/2020 - D		 Assignment, Mortgage
(2021030101085003)		 XXXX XXXXX XXXXXXX XXX XXXXXXXXX XXXXXXX XXXX XXX
03/04/2021 - R
08/04/2020 - D		 Assignment, Mortgage
(2021030101085002)		 XXXX XXXXX XXXXXXX XXX XXXXXXXXX XXXXXXX XXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 54-35 48th Street, 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
$117,025
Municipal exemptions
Recent tax assessments
Market value
$2,455,000
Assessed value
$1,104,750

More about New York City property taxes

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 $2,415,000 $1,086,750 $1,056,900 10.848% $114,653 $114,653 -1.20%
2024/25 $2,419,000 $1,088,550 $1,078,320 10.762% $116,049 $116,049 +3.12%
2023/24 $2,364,000 $1,063,800 $1,062,480 10.592% $112,538 $112,538 +0.55%
2022/23 $2,651,000 $1,192,950 $1,051,290 10.646% $111,920 $111,920 +8.32%
2021/22 $2,212,000 $995,400 $960,700 10.755% $103,323 $103,323 +6.22%
2020/21 $2,653,000 $1,193,850 $909,620 10.694% $97,275 $97,275 +12.74%
2019/20 $2,243,000 $1,009,350 $818,850 10.537% $86,282 $86,282 +7.42%
2018/19 $1,922,000 $864,900 $763,980 10.514% $80,325 $80,325 +0.26%
2017/18 $1,911,000 $859,950 $761,990 10.514% $80,116 $80,116 +0.49%
2016/17 $1,891,000 $850,950 $753,990 10.574% $79,727 $79,727 +2.85%
Permits

Permit information for 54-35 48th Street, Maspeth, NY

Filing date Job type Job status Job description Initial cost
02/17/2006 Alteration type 3
02/17/2006 Alteration type 3
10/17/2005 Alteration type 1
09/19/2001 Alteration type 3
09/19/2001 Alteration type 3

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

No recently recorded violations for this property.

Neighborhood

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

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
47th St & Queens Blvd at SW Corner
Station lines
7
Distance (miles)
0.921
View subway map

Access the detailed traffic volume map for 54-35 48th Street, 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

Neighbors for 54-35 48th Street, Maspeth, NY

44-11 56th Rd, Maspeth 48-18 54th Ave, Maspeth 48-27 54th Ave, Maspeth 48-22 54th Ave, Maspeth 48-25 54th Rd, Maspeth 48-23 54th Ave, Maspeth 55-14 48th St, Maspeth 46-60 55th Ave, Maspeth 48-17 54th Ave, Maspeth 48-29 54th Rd, Maspeth 54-15 48th St, Maspeth 48-24 54th Ave, Maspeth 48-26 54th Ave, Maspeth 48-27 54th Rd, Maspeth 48-19 54th Ave, Maspeth 48-21 54th Ave, Maspeth 55-10 48th St, Maspeth 48-20 54th Ave, Maspeth 48-30 54th Ave, Maspeth 48-15 54th Ave, Maspeth

Nearby ZIP codes for 54-35 48th Street, Maspeth, NY

10044, New York City, NY 11101, New York City, NY 11102, New York City, NY 11103, New York City, NY 11104, New York City, NY 11105, New York City, NY 11106, New York City, NY 11109, New York City, NY 11206, New York City, NY 11211, New York City, NY 11221, New York City, NY 11222, New York City, NY 11233, New York City, NY 11237, New York City, NY 11372, New York City, NY 11373, New York City, NY 11374, New York City, NY 11377, New York City, NY 11379, New York City, NY 11385, New York City, NY

Frequently asked questions

What is the year built for 54-35 48th Street, Maspeth, NY 11378?

The development at 54-35 48th Street, Maspeth, NY 11378 was built in 1935.

What is the market value of 54-35 48th Street, Maspeth, NY 11378?

The current market value of 54-35 48th Street, Maspeth, NY 11378 is $2,455,000.

What is the total square footage of 54-35 48th Street, Maspeth, NY 11378?

54-35 48th Street, Maspeth, NY 11378 has a total of 8,000 square feet.

What is the price per square foot for this property?

$1,633 per square foot is the price for 54-35 48th Street, Maspeth, NY 11378.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 1.

Disclaimer

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Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.

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