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    59-48 55Th St Maspeth, NY 11378

    For Sale
    $8,000,000

    COMMERCIAL - Maspeth, NY

    Lot size:
    0.39 Acres
    Days on Market:
    35
    Last Refresh:
    Dec 14 at 1:06 pm

    Property Features for 59-48 55Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    M1-!
    APN
    02629-0032
    Parking
    9
    Parking features
    Driveway
    Lot size
    0.39 Acres

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1962
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Vinyl, Concrete
    Building materials
    Brick

    Keller Williams Realty of Greater Nassau (516) 873-7100 [email protected]

    Listing agent Barry J. Paley CBR (516) 503-4242

    Listing date Nov 10, 2025

    Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Maspeth Industrial Opportunity For Sale

    This industrial property in Maspeth, New York, offers an opportunity for light manufacturing. Zoned M1-1, the property spans over 16,000 square feet and has been maintained. It features 5 zone 100 tons central air conditioning and 3-phase power with 2000 amps. A loading dock with overhead doors accommodates two trucks, and an additional overhead door is adjacent to the 2,000-square-foot fenced parking lot, providing indoor parking options. The property is located near major highways and multiple public transportation routes. The lot size is 0.3857 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    SONGS WIRELESS Wholesaler

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Maspeth
    County
    Queens
    State
    New York
    Longitude
    -73.906054
    Latitude
    40.756348

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    FAQs

    What type of property is this?
    Manufacturing property - Maspeth industrial property with tax incentives, ready for immediate use.
    Where is this manufacturing property located?
    The property is located at 59-48 55Th St Maspeth, NY.
    What is the asking price?
    The asking price for this property is $8,000,000.
    What are key features of this property?
    This property features: - M1-1 Zoning & "Made in the USA" Federal Tax Incentives: Ideal for light manufacturing.; - 16,000+ Square Feet of Impeccably Maintained Space: Ready for immediate use.; - Heavy Power Capacity: Equipped with 3-phase power and 2000 amps.
    (516) 503-4242
    Request Owner's contact information
    59-48 55Th St Maspeth, NY 11378
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    Maspeth, NY 11378
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    59-48 55Th St Maspeth, NY 11378
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