54-12 48 Street
Maspeth, Queens
Parcel ID (BBL): 4025450040
Owner: Sitex Group
Acquired: November 05, 2021, $11.6 million
Debt: September 03, 2026, $10.8 million
Built: 1983
SF: 600
Dwelling units: 0
No. of buildings: 1
Class: Licensed Parking Lot (G6)
Floors: 1
Transactions:
• Sitex Group borrowed $10.8 million from Lake Forest Bank & Trust Company for 54-12 48th Street, Maspeth, Queens on September 03, 2026.
• Sitex Group borrowed $7 million from Lake Forest Bank & Trust Company for 54-12 48th Street, Maspeth, Queens on December 06, 2021.
• Sitex Group sold 54-12 48th Street, Maspeth, Queens for $11.6 million to Carlyle Group on November 05, 2021.
• JPMorgan Chase sold 54-12 48th Street, Maspeth, Queens for $8.2 million to Sitex Group on September 10, 2021.
Development:
• Richard Volpi filed new building job Q01153968 for 1,050 sqft 59 building with 0 apartments in Maspeth, Queens, on February 04, 2025.
• Richard Volpi filed major alteration job Q00660454 for 609 sqft COM building with 0 apartments in Maspeth, Queens, on January 18, 2022.
• Robert Cerrone filed alteration job Q01214447 for 280 sqft COM building with 0 apartments in Maspeth, Queens, on April 25, 2025.
• Vincent Peluso filed alteration job Q01214332 for 4,845 sqft building with 0 apartments in Maspeth, Queens, on April 22, 2025.
• Richard Volpi filed alteration job Q01158568 for 1,000 sqft building with 0 apartments in Maspeth, Queens, on January 17, 2025.
• Richard Volpi filed alteration job Q00789820 for 609 sqft S-2 building with 0 apartments in Maspeth, Queens, on August 10, 2022.
• Richard Volpi filed alteration job Q00738916 for 286 sqft building with 0 apartments in Maspeth, Queens, on May 17, 2022.
Most recent Schedule of Occupancy
Violations:
According to city public data, the properties have received $1,280 in ECB penalties in the last year.