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For Lease
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Contact for pricing
50-35 56Th Rd, Maspeth, NY 11378
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Property summary
AI-generated overview
The property consists of a 140,000-square-foot industrial building situated on 5.7 acres of land, with up to 20,000 square feet of office space. It is zoned M1-1 and features a 24-foot ceiling height, 30-by-30-foot column spacing, and loading infrastructure including 12 loading doors plus 3 drive-in doors. Electrical service capacity is 2,000 amps, and the site includes 1.82 acres of secure access parking.
Property profile
Verified
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Year built
1954
Total area
140,000 SF
Lot
5.16 ac (224,857 SF)
Zoning code
M1-1
APN
02573-0001
UPID
US63-2127507
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
since 2022
Last sale
$132.0M
2 recorded transactions
Zoning & alternative use
M1-1 · Flushing, NY
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Realmo’s models returned no estimation for this property yet.
2
Subject property
Included free
GBA
140,000 SF
Lot area
5.16 ac
Year built
1954
Stories
1
APN
02573-0001
Zoning
M1-1
Assessed value
$5,661,000
Annual tax
$561,892
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 36 sales
$415
N/A
Submarket 111 sales
$515
N/A
County 224 sales
$405
N/A
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$132.00M
Move the market yield to see immediate price impact.
Value / SF
$943
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$8.32M
$166.32M
$118.80M
$92.40M
$9.24M
$184.80M
$132.00M
$102.67M
$10.16M
$203.28M
$145.20M
$112.93M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$561,892
Tax year 2024
Assessed value
$5,661,000
Assessed 2024
Previous assessed
$5,324,310
+6.3% YoY
Effective rate
9.93%
On assessed value
Assessed land
$3,035,700
Assessed improvement
$2,625,300
Land market value
$6,746,000
Improvement market value
$5,834,000
Total market value
$12,580,000
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1954
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
140,000 SF
Lot
5.16 ac (224,857 SF)
Zoning code
M1-1
APN
02573-0001
UPID
US63-2127507
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · Flushing, NYZoning M1-1 · permitted uses
M1-1 · Flushing, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1954
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
5.16 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M1-1
Jurisdiction
Flushing, NY
Recorded code
M1-1
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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