New York City  »  11378  »  55th Rd  »  5940 55th Rd

59-40 55th Road, Maspeth, NY 11378 - Property report

Also known as: 59-40 55th Dr

Property image for 59-40 55th Road, Maspeth, NY 11378
static Mapbox map

Property type

Limited Service - Many Affiliated with National Chain (H3)

Year built

2007

Lot sq. ft.

40,000

Sale price

$8,000,000

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
59-40 55th Road
ZIP code
11378
Neighborhood
Maspeth
Borough
Queens
Block & lot
02687-0021

Owner

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Building
Property type
Limited Service - Many Affiliated with National Chain (H3)
Building sq. ft.
50,367
Building dimensions
150 ft x 50 ft
Buildings on lot
1
Stories
6
Year built
2007
Building material
Sales
Sale date
10/27/2023
Sale price
$8,000,000
Tax
Tax year
2026-2027
Property tax
$100,434
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
200 ft x 200 ft
Lot sq. ft.
40,000

Area overview

Walk score
82 /100.  Very Walkable
Transit score
62 /100.  Good Transit
Bike score
56 /100.  Bikeable
School district
24
Community district
5
Closest police station
1.65 Miles
Closest fire station
0.55 Miles

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

Ownership

Ownership information for 59-40 55th Road, Maspeth, NY

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

Sales history for 59-40 55th Road, Maspeth, NY 11378

Sale date Sale price Buyer name Seller name
10/27/2023 $8,000,000 XXX XXX XXXXXX XXX XXX XXX XXX XXX XXXXXXXXX XXXXXX XXX XXX XXX XXXXX XX XXX XXX XXX XXX XXX XXX XXX XXXXXX XXX XXX XXX XXX XXX XXX XXX XXXXXX XXXXXX XXX XXX XXX XXX XX XXXXXXXX XXX XXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
10/30/2023 - R Initial UCC1
(2023102700918001)		 XXXXXXX XXX XXXXXXX XXXXX XXXXXXX XXXX
12/07/2023 - R
10/27/2023 - D		 Sundry Miscellaneous
(2023110200673006)		 XXXXX XX XXX XXX
12/07/2023 - R
10/27/2023 - D		 Satisfaction of Mortgage
(2023110200673005)		 XXX XXX XXXXXX XXX XXXX XXX XXXXXXXXXX XXX
12/07/2023 - R
10/27/2023 - D		 Satisfaction of Mortgage
(2023110200673004)		 XXX XXX XXXXXX XXX XXXX XXX XXXXXXXXXX XXX
12/07/2023 - R
10/27/2023 - D		 Assignment of Leases and Rents
(2023110200673003)		 XXX XXX XXXXXX XXX XXXXX XXXXXXX XXXX
12/07/2023 - R
10/27/2023 - D		 Mortgage
(2023110200673002)		 XXX XXX XXXXXX XXX XXXXX XXXXXXX XXXX
12/07/2023 - R
10/27/2023 - D		 Deed
(2023110200673001)		 XXX XXX XXX XXX XXX XXXXXX XXX
08/28/2023 - R
08/15/2023 - D		 Sundry Miscellaneous
(2023082200903001)		 XXX XXX XXX
08/04/2023 - R Initial UCC1
(2023080400057003)		 XXX XXX XXXXXX XXX XXX XXXX
04/13/2023 - R
12/29/2022 - D		 Sundry Miscellaneous
(2023031500720003)		 XXX XXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 59-40 55th Road, 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
$100,434
Municipal exemptions
Recent tax assessments
Market value
$10,889,000
Assessed value
$4,900,050

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 $10,019,000 $4,508,550 $540,000 10.848% $438,387 $58,579 +0.80%
2024/25 $9,805,000 $4,412,250 $540,000 10.762% $459,659 $58,115 +6.00%
2023/24 $9,001,000 $4,050,450 $517,590 10.592% $429,024 $54,823 +4.00%
2022/23 $8,247,000 $3,711,150 $495,180 10.646% $395,089 $52,717 +3.68%
2021/22 $7,830,000 $3,523,500 $472,770 10.755% $378,952 $50,846 -17.23%
2020/21 $12,574,000 $5,658,300 $574,470 10.694% $577,832 $61,434 +17.27%
2019/20 $12,253,000 $5,513,850 $497,160 10.537% $560,548 $52,386 +11.03%
2018/19 $11,946,000 $5,375,700 $448,740 10.514% $542,879 $47,181 +4.86%
2017/18 $11,715,000 $5,271,750 $427,950 10.514% $534,911 $44,995 -0.57%
2016/17 $11,549,000 $5,197,050 $427,950 10.574% $525,745 $45,251 -0.77%
Permits

Permit information for 59-40 55th Road, Maspeth, NY

Filing date Job type Job status Job description Initial cost
06/03/2026 Alteration
05/01/2022 Alteration
09/29/2008 Sign
09/29/2008 Sign
09/29/2008 Sign

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
06/30/2023 Lblvio-low pressure boiler boiler required
06/30/2023 Lblvio-low pressure boiler boiler required
06/30/2023 Lblvio-low pressure boiler boiler required

*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
6

Subway & traffic

Closest station
52nd St & Roosevelt Ave at SW Corner
Station lines
7
Distance (miles)
1.252
View subway map

Access the detailed traffic volume map for 59-40 55th Road, 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 59-40 55th Road, Maspeth, NY

1-51 153rd Pl, Jamaica 120-27 171st St, Jamaica 14-15 McBride St, Far Rockaway 8-14 Caffrey Ave, Far Rockaway 118-72 Riverton St, Saint Albans 53-08 94th St, Elmhurst 108-38 39th Ave, Corona 120-48 168th St, Jamaica 249-17 148th Rd, Rosedale 20-27 42nd St, Astoria 12-26 Clintonville St, Whitestone 134-35 160th St, Jamaica 24-05 - 24-09 89th St, East Elmhurst 35-45 170th St, Flushing 50-50 207th St, Oakland Gardens 207-05 Linden Blvd, Cambria Heights 151-30 135th Ave, Jamaica 117-15 232nd St, Cambria Heights 157-33 91st St, Howard Beach 161-23 119th Dr, Jamaica

Nearby ZIP codes for 59-40 55th Road, 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 59-40 55th Road, Maspeth, NY 11378?

The development at 59-40 55th Road, Maspeth, NY 11378 was built in 2007.

What is the market value of 59-40 55th Road, Maspeth, NY 11378?

The current market value of 59-40 55th Road, Maspeth, NY 11378 is $10,889,000.

What is the total square footage of 59-40 55th Road, Maspeth, NY 11378?

59-40 55th Road, Maspeth, NY 11378 has a total of 50,367 square feet.

What is the price per square foot for this property?

$158 per square foot is the price for 59-40 55th Road, 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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