48-23 55th Ave - Warehouse FOR SALE


Maspeth, NY 11378
$19,500,000 USD
206-250-4333
48-23 55th Ave, Maspeth, NY for Sale
$19,500,000 USD
Warehouse - FOR SALE
1/11
null | Request Cap Rate

48-23 55th Ave
Maspeth, NY 11378


HIGHLIGHTS

  • Turnkey flex warehouse with lab and office buildout.
  • Institutional-grade renovations including new roof and generator.
  • Heavy power infrastructure and interior loading docks.
  • Located in Maspeth IBZ with Fortune 500 neighbors.
  • ±43,000 SF of air rights and ±78,000 SF buildable potential.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$19,500,000 USD

PRICE/SF

$557 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

2

DRIVE INS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.9

LAND SF

39,204

ZONING

M2-1

APN/PARCEL ID

02557-0050

ASK ABOUT THIS PROPERTY

Gabe TemkinKBC AdvisorsMore Info
206-250-4333

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Gabe TemkinKBC AdvisorsMore Info
206-250-4333

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.