Queens  »  11378  »  55th Ave  »  4823 55th Ave

48-23 55th Avenue, Maspeth, NY 11378 - Property report

Also known as: 48-23 55th Ave

Property image for 48-23 55th Avenue, Maspeth, NY 11378
static Mapbox map

Property type

Fireproof Warehouse (E1)

Year built

1950

Lot sq. ft.

39,020

Sale price

$23,250,000

General information

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Address
Primary address
48-23 55th Avenue
ZIP code
11378
Neighborhood
Maspeth
Borough
Queens
Block & lot
02557-0050

Owner

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Building
Property type
Fireproof Warehouse (E1)
Building sq. ft.
34,907
Building dimensions
180 ft x 207 ft
Buildings on lot
1
Stories
1
Year built
1950
Last altered
1992
Building material
Sales
Sale date
02/07/2020
Sale price
$23,250,000
Tax
Tax year
2026-2027
Property tax
$336,245
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Commercial units
1
Lot
Lot dimensions
206 ft x 207 ft
Lot sq. ft.
39,020

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
1.59 Miles
Closest fire station
0.88 Miles

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

Ownership

Ownership information for 48-23 55th Avenue, Maspeth, NY

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

Sales history for 48-23 55th Avenue, Maspeth, NY 11378

Sale date Sale price Buyer name Seller name
02/07/2020 $23,250,000 XX XXXXXXXXXX X XXX XXX XXXXXX XXXXXX XXXXXXX XXXXXXXXXXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
03/07/2025 - R UCC3 Termination
(2025030601004012)		 XX XXXXXXXXXX X XXX XXXXXXX XX XXXXXXX XXX
03/07/2025 - R UCC3 Termination
(2025030601004011)		 XX XXXXXXXXXX X XXX XXXXXXX XX XXXXXXX XXX
03/07/2025 - R UCC3 Termination
(2025030601004010)		 XX XXXXXXXXXX X XXX XXXXXXX XX XXXXXXX XXX
02/26/2025 - R Initial UCC1
(2025022500875001)		 XX XXXXXXXXXX X XXX XXXX XXXX XXX XXXXXXXX XXXXXXXXXXX
03/07/2025 - R
02/25/2025 - D		 Termination of Assign of L&R
(2025030601004009)		 XXXXXXX XX XXXXXXX XXX XX XXXXXXXXXX X XXX
03/07/2025 - R
02/25/2025 - D		 Termination of Assign of L&R
(2025030601004008)		 XXXXXXX XX XXXXXXX XXX XX XXXXXXXXXX X XXX
03/07/2025 - R
02/25/2025 - D		 Termination of Assign of L&R
(2025030601004007)		 XXXXXXX XX XXXXXXX XXX XX XXXXXXXXXX X XXX
03/07/2025 - R
02/25/2025 - D		 Assignment of Leases and Rents
(2025030601004006)		 XX XXXXXXXXXX X XXX XXXX XXXX XXX X X XXXXXXXXXX
03/07/2025 - R
02/25/2025 - D		 Agreement
(2025030601004005)		 XX XXXXXXXXXX X XXX XXXX XXXX XXX X X XXXXXXXXXX
03/07/2025 - R
02/25/2025 - D		 Mortgage
(2025030601004004)		 XX XXXXXXXXXX X XXX XXXX XXXX XXX X X XXXXXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 48-23 55th Avenue, 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
$336,245
Municipal exemptions
Recent tax assessments
Market value
$7,432,000
Assessed value
$3,344,400

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 $7,353,000 $3,308,850 $2,821,359 10.848% $306,061 $306,061 +31.61%
2024/25 $6,223,000 $2,800,350 $2,160,932 10.762% $232,560 $232,560 +7.03%
2023/24 $6,189,000 $2,785,050 $2,051,333 10.592% $217,277 $217,277 -23.35%
2022/23 $5,917,000 $2,662,650 $2,662,650 10.646% $283,466 $283,466 +16.65%
2021/22 $5,021,000 $2,259,450 $2,259,450 10.755% $243,004 $243,004 -26.12%
2020/21 $7,166,000 $3,224,700 $3,075,670 10.694% $328,912 $328,912 +7.36%
2019/20 $7,377,000 $3,319,650 $2,907,553 10.537% $306,369 $306,369 +6.36%
2018/19 $7,397,000 $3,328,650 $2,739,713 10.514% $288,053 $288,053 +7.45%
2017/18 $7,140,000 $3,213,000 $2,549,784 10.514% $268,084 $268,084 +6.84%
2016/17 $6,852,000 $3,083,400 $2,372,924 10.574% $250,913 $250,913 +9.20%
Permits

Permit information for 48-23 55th Avenue, Maspeth, NY

Filing date Job type Job status Job description Initial cost
12/27/2023 Alteration
12/27/2023 Alteration
11/08/2022 Alteration
09/20/2022 Alteration
06/15/2022 Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
05/03/2023 Bench-failure to benchmark none
01/12/2010 C-construction
04/01/2009 C-construction

*Most recent DOB violations on record 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)
0.947
View subway map

Access the detailed traffic volume map for 48-23 55th Avenue, 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 48-23 55th Avenue, Maspeth, NY

56-07 48th St, Maspeth 56-02 56th St, Maspeth 50-35 56th Rd, Maspeth 48-19 54th Rd, Maspeth 56-06 56th St, Maspeth 48-25 54th Rd, Maspeth 55-78 56th St, Maspeth 48-23 54th Rd, Maspeth 55-80 56th St, Maspeth 48-21 54th Rd, Maspeth 48-29 54th Rd, Maspeth 55-76 56th St, Maspeth 48-27 54th Rd, Maspeth 48-26 54th Ave, Maspeth 48-24 54th Ave, Maspeth 54-65 48th St, Maspeth 56-12 56th St, Maspeth 48-17 54th Rd, Maspeth 55-30 58th St, Maspeth 48-30 54th Ave, Maspeth

Nearby ZIP codes for 48-23 55th Avenue, 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 48-23 55th Avenue, Maspeth, NY 11378?

The development at 48-23 55th Avenue, Maspeth, NY 11378 was built in 1950.

What is the market value of 48-23 55th Avenue, Maspeth, NY 11378?

The current market value of 48-23 55th Avenue, Maspeth, NY 11378 is $7,432,000.

What is the total square footage of 48-23 55th Avenue, Maspeth, NY 11378?

48-23 55th Avenue, Maspeth, NY 11378 has a total of 34,907 square feet.

What is the price per square foot for this property?

$666 per square foot is the price for 48-23 55th Avenue, Maspeth, NY 11378.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 1.

How many active listings does 48-23 55th Avenue, Maspeth, NY 11378 have?

This address has 1 active listing(s).

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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