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48-23 55th Ave 35,000 SF Industrial Building Maspeth, NY 11378 $27,220,441 CAD ($777.73 CAD/SF)
INVESTMENT HIGHLIGHTS
- Turnkey flex warehouse with lab and office buildout.
- Heavy power infrastructure and interior loading docks.
- ±43,000 SF of air rights and ±78,000 SF buildable potential.
- Institutional-grade renovations including new roof and generator.
- Located in Maspeth IBZ with Fortune 500 neighbors.
EXECUTIVE SUMMARY
Positioned in the heart of Maspeth’s premier industrial corridor, 48-23 55th Avenue offers a rare opportunity to acquire a pristine, turnkey flex warehouse with institutional-grade infrastructure. This ±35,000 SF facility is ideally suited for owner-users or investors seeking a strategic foothold in one of New York City’s most sought-after industrial submarkets. The property features a clean layout with ±18,800 SF of warehouse space, ±11,600 SF of lab space, and ±4,500 SF of office space, all supported by heavy power (1,200 amps, 480v), two oversized interior loading docks, and 18 dedicated off-street parking spaces.
Recent capital improvements include a new roof, upgraded MEP systems, and a new generator, ensuring long-term operational reliability. Located just minutes from the BQE and LIE interchange, the site offers seamless access to all NYC boroughs, Long Island, and major airports including JFK and LaGuardia. The Maspeth Industrial Business Zone is home to Fortune 500 neighbors such as UPS, FedEx, Amazon, and Tesla, reinforcing the area’s reputation as a high-credit logistics and manufacturing hub. With ±43,000 SF of available air rights and zoning that supports up to ±78,000 SF of buildable area, the property also presents future development upside.
Recent capital improvements include a new roof, upgraded MEP systems, and a new generator, ensuring long-term operational reliability. Located just minutes from the BQE and LIE interchange, the site offers seamless access to all NYC boroughs, Long Island, and major airports including JFK and LaGuardia. The Maspeth Industrial Business Zone is home to Fortune 500 neighbors such as UPS, FedEx, Amazon, and Tesla, reinforcing the area’s reputation as a high-credit logistics and manufacturing hub. With ±43,000 SF of available air rights and zoning that supports up to ±78,000 SF of buildable area, the property also presents future development upside.
PROPERTY FACTS
| Price | $27,220,441 CAD | Rentable Building Area | 35,000 SF |
| Price Per SF | $777.73 CAD | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1965 |
| Sale Condition | High Vacancy Property | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.51/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 16’ |
| Building Class | C | No. Dock-High Doors/Loading | 2 |
| Lot Size | 0.90 AC | Opportunity Zone |
Yes
|
| Zoning | M2-1 - Districts Occupy the Middle Ground Between Light and Heavy Industrial Areas. | ||
| Price | $27,220,441 CAD |
| Price Per SF | $777.73 CAD |
| Sale Type | Investment or Owner User |
| Sale Condition | High Vacancy Property |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.90 AC |
| Rentable Building Area | 35,000 SF |
| No. Stories | 1 |
| Year Built | 1965 |
| Tenancy | Single |
| Parking Ratio | 0.51/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Dock-High Doors/Loading | 2 |
| Opportunity Zone |
Yes |
| Zoning | M2-1 - Districts Occupy the Middle Ground Between Light and Heavy Industrial Areas. |
AMENITIES
- Bio-Tech/ Lab Space
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Warehouse: internal lab, 2 loading docks, 16’ clear. Office: ±4,500 SF, modifiable layout. Lab: ±11,600 SF, former sterile infusion buildout. Parking: 18 spaces, ±4,100 SF exterior. Available: Immediate occupancy.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 35,000 SF | Industrial | Full Build-Out | Now |
1st Floor
| Size |
| 35,000 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 35,000 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
Warehouse: internal lab, 2 loading docks, 16’ clear. Office: ±4,500 SF, modifiable layout. Lab: ±11,600 SF, former sterile infusion buildout. Parking: 18 spaces, ±4,100 SF exterior. Available: Immediate occupancy.
1 1
PROPERTY TAXES
| Parcel Number | 02557-0050 | Improvements Assessment | $3,208,594 CAD |
| Land Assessment | $749,491 CAD | Total Assessment | $3,958,084 CAD |
PROPERTY TAXES
Parcel Number
02557-0050
Land Assessment
$749,491 CAD
Improvements Assessment
$3,208,594 CAD
Total Assessment
$3,958,084 CAD
1 of 12
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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48-23 55th Ave
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