109-15 178th St
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109-15 178th St
51,324 SF Industrial Building Jamaica, NY 11433 £14,220,180 (£277/SF)
Investment Highlights
- 109-15 178th Street presents 4,100 square feet of yard space and over 51,000 square feet of pristine warehouse and office space in Jamaica, Queens.
- Capitalize on two spacious floors of dedicated office space for staff and logistics planning, which includes high-end furniture and air conditioning.
- Ideal for an owner/user or investor and offers 2,418 pallet positions, new roofing, LED lights, floor drains, racking, and proximity to JFK Airport.
- Situated across from a 100,000-square-foot parking lot and a 10,000-square-foot storage building and benefit from partially abated property taxes.
Executive Summary
109-15 178th Street is a freestanding distribution center in Jamaica, New York. The 51,324-square-foot building offers pristine warehouse and office space, located on a 1.18-acre site with 4,100 square feet of rear yard space. This property is ideal for an owner/user or investment purchase, and taxes are partially abated through the New York City Industrial Development Agency PILOT agreement.
Building specs include a 22-foot ceiling height, three loading docks, a drive-in door, and heavy-amp power. The warehouse also has floor drains, a mezzanine, and 2,418 pallet positions. The occupant also benefits from a combined total of 6,009 square feet of furnished office space on the first and second floors. Recent upgrades include the installation of LED lighting and a new roof membrane.
109-15 178th Street is adjacent to a 100,000-square-foot parking lot and a 10,000-square-foot storage facility that's available separately. The property sits just off the 180th Street and Merrick Boulevard corridors, within 15 minutes of John F Kennedy International Airport. A robust labor force of over 239,100 warehouse employees resides within a 10-mile radius of the building.
Building specs include a 22-foot ceiling height, three loading docks, a drive-in door, and heavy-amp power. The warehouse also has floor drains, a mezzanine, and 2,418 pallet positions. The occupant also benefits from a combined total of 6,009 square feet of furnished office space on the first and second floors. Recent upgrades include the installation of LED lighting and a new roof membrane.
109-15 178th Street is adjacent to a 100,000-square-foot parking lot and a 10,000-square-foot storage facility that's available separately. The property sits just off the 180th Street and Merrick Boulevard corridors, within 15 minutes of John F Kennedy International Airport. A robust labor force of over 239,100 warehouse employees resides within a 10-mile radius of the building.
Sale Flyer
Property Facts
| Price | £14,220,180 | Number of Floors | 2 |
| Price Per SF | £277 | Year Built | 1950 |
| Sale Type | Investment or Owner User | Tenancy | Single |
| Property Type | Industrial | Clear Ceiling Height | 22 ft |
| Building Class | C | No. Dock-High Doors/Loading | 3 |
| Lot Size | 1.18 AC | Level Access Doors | 1 |
| Rentable Building Area | 51,324 SF | Opportunity Zone |
Yes
|
| Price | £14,220,180 |
| Price Per SF | £277 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 1.18 AC |
| Rentable Building Area | 51,324 SF |
| Number of Floors | 2 |
| Year Built | 1950 |
| Tenancy | Single |
| Clear Ceiling Height | 22 ft |
| No. Dock-High Doors/Loading | 3 |
| Level Access Doors | 1 |
| Opportunity Zone |
Yes |
Utilities
- Gas
- Sewer
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Freestanding building with 2,418 pallet positions, racking, floor drains, a 4,000-square-foot mezzanine, and 4,100 square feet of rear yard space. There are approximately 1,509 square feet of first-floor office space and 4,500 square feet of second-floor office space.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 51,324 SF | Industrial | Full Build-Out | Jan 2025 |
1st Floor
| Size |
| 51,324 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Jan 2025 |
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1st Floor
| Size | 51,324 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Jan 2025 |
Freestanding building with 2,418 pallet positions, racking, floor drains, a 4,000-square-foot mezzanine, and 4,100 square feet of rear yard space. There are approximately 1,509 square feet of first-floor office space and 4,500 square feet of second-floor office space.
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Transit Score ®
Excellent Transit (84)
DEMOGRAPHICS
Regional Accessibility
CITY
POPULATION
MILES
DRIVE TIME
New York
8,398,748
9
0 h 17 m
Philadelphia
1,584,138
108
2 h 23 m
Boston
694,583
210
4 h 32 m
Washington
702,455
242
5 h 4 m
Columbus
892,533
573
10 h 53 m
Detroit
672,662
634
11 h 60 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
4,575,522
Total Labor Force
2,236,557
Unemployment Rate
4.89%
Median Household Income
$76,458
Warehouse Employees
232,097
High School Education Or Higher
85.50%
$ values in USD
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Papa Johns | - | - | 11 min walk |
| Domino’s | - | - | 11 min walk |
Retail |
||
|---|---|---|
| Chase Bank | Bank | 12 min walk |
| Key Food | Supermarket | 13 min walk |
| Do it Best | Hardware | 15 min walk |
Hotels |
|
|---|---|
| Fairfield Inn |
114 rooms
7 min drive
|
PROPERTY TAXES
| Parcel Number | 10336-0160 | Improvements Assessment | £980,257 |
| Land Assessment | £217,599 | Total Assessment | £1,197,857 |
PROPERTY TAXES
Parcel Number
10336-0160
Land Assessment
£217,599
Improvements Assessment
£980,257
Total Assessment
£1,197,857
zoning
| Zoning Code | M-1 (Light industrial with offices, hotels, and most retail uses permitted) |
| M-1 (Light industrial with offices, hotels, and most retail uses permitted) |
Sale Advisors
Sale Advisors
James Parnes, Licensed Real Estate Salesperson
(631) 293-3700
Contact
James Parnes is a results-driven, enthusiastic, and innovative real estate professional. Prior to joining Schacker, James was the Associate VP of Finance at Baltia Airlines, as well as a Marketing and Office Manager at Omega Diagnostic Imaging.
Certification / Affiliations
NYS Licensed Real Estate Salesperson
Commercial and Investment Real Estate Certified (CIREC) by Long Island Board of Realtors
Languages
English and Hebrew (fluent and written)
Education
City University of New York-Brooklyn College
Recent Transactions
Leased a 12,000 sq. ft. industrial space at 15 Grumman Road West, Bethpage – wholesale distributor
Leased a 14,000 sq. ft. industrial space at 333 West Merrick Road, Valley Stream – distributor
Leased a 5,000 sq. ft. industrial space at 41 Heisser Lane, Farmingdale – wholesale distributor
References
“James Parnes was able to close a lease transaction where no one previously was able to do so. James personally inserted himself to help the Tenant in meeting the Landlord’s insurance requirements where the Tenant was having difficulty doing so. This deal only closed because of James’ efforts.”
Michael Zapson, Esq.
Certification / Affiliations
NYS Licensed Real Estate Salesperson
Commercial and Investment Real Estate Certified (CIREC) by Long Island Board of Realtors
Languages
English and Hebrew (fluent and written)
Education
City University of New York-Brooklyn College
Recent Transactions
Leased a 12,000 sq. ft. industrial space at 15 Grumman Road West, Bethpage – wholesale distributor
Leased a 14,000 sq. ft. industrial space at 333 West Merrick Road, Valley Stream – distributor
Leased a 5,000 sq. ft. industrial space at 41 Heisser Lane, Farmingdale – wholesale distributor
References
“James Parnes was able to close a lease transaction where no one previously was able to do so. James personally inserted himself to help the Tenant in meeting the Landlord’s insurance requirements where the Tenant was having difficulty doing so. This deal only closed because of James’ efforts.”
Michael Zapson, Esq.
Philip Shwom, Real Estate Broker, President
(631) 293-3700 x39
Contact
Real Estate Broker Philip Shwom, SIOR, CCIM, is the CEO and Managing Partner of Schacker Real Estate Corp. Mr. Shwom started with the firm as a trainee in 1984 after graduating from Emory University with honors (Economics). Mr. Shwom is now widely recognized as one of the leading commercial brokers on Long Island.
Mr. Shwom has completed millions of square feet of transactions including several of the largest and most important transactions in recent Long Island real estate history.
Affiliations:
The Society of Industrial and Office Realtors (SIOR)
The Hauppauge Industrial Association Environmental Committee
The Long Island Association Real Estate & Development Committee
The Commercial Investment Real Estate Institute (CCIM)
The Commercial Industrial Brokers Society of Long Island - Board of Directors
Long Island Chapter of the Arthritis Foundation (Board of Directors)
Strengths:
In his 21st year with Schacker Real Estate Corp, Mr. Shwom has a strong understanding of market, legal, environmental, construction, financing, accounting, and economic incentive-related issues. Mr. Shwom's experience, creativity, and objective approach assist Schacker clients and their professional advisors in making informed decisions aimed at defining their objectives, protecting their interests, and achieving their goals.
Philanthropy and Community Service:
Phil is active with the Arthritis Foundation, as a committee member, financial contributor, and pro bono service provider; a regular blood donor and member of the Gallon club at Long Island Blood Services, he donates hundreds of toys in an annual event for underprivileged children in conjunction with Big Brother/Big Sisters, and serves as the director of Charitable contributions for CIBS. Schacker contributes regularly to many other worthwhile charities and causes.
Recent Highlights:
Phil completed two transactions exceeding $14,000,000 for Roslyn based Commerce Realty acting as its exclusive agent in selling a Class A 106,000 sq. ft. distribution facility at 155 Commerce Drive, Hauppauge to Forest Laboratories (NYSE) and representing Commerce Realty in the acquisition of a 69,000 sf mixed-use office and retail complex in Jenkintown, Pa. via a carefully structured 1031 exchange.
Phil completed a 44,000 sq. ft. lease transaction acting as the exclusive tenant representative for Antech Diagnostics, the nation's largest veterinary diagnostic laboratory. In addition to handling the property selection and lease negotiations for the transaction, Phil arranged for legal counsel, an architectural team, construction services, and a comprehensive economic incentive package. The intricate facility has been custom designed by Joseph T. Matthews Associates and is being built by Kulka Construction in the i.park complex in Lake Success. Antech is scheduled to take occupancy in September of 2002.
Phil completed what is considered by many experts to be the most important commercial property sale on Long Island in over 30 years. Phil acted as the exclusive agent for Heartland Development Corp., in its acquisition of a strategically located 460 acre site improved with over 3,000,000 sq. ft. of buildings, from the state of New York. Phil performed feasibility studies, financial analysis, environmental summaries, and assisted Heartland throughout the demanding and risk filled 5 year process. The acquisition closed in January of 2002. The road to success was blocked by environmental and zoning concerns, massive and uncertain infrastructure upgrades, a well publicized political scandal, 3 separate bidding phases, and numerous other obstacles.
Mr. Shwom has completed millions of square feet of transactions including several of the largest and most important transactions in recent Long Island real estate history.
Affiliations:
The Society of Industrial and Office Realtors (SIOR)
The Hauppauge Industrial Association Environmental Committee
The Long Island Association Real Estate & Development Committee
The Commercial Investment Real Estate Institute (CCIM)
The Commercial Industrial Brokers Society of Long Island - Board of Directors
Long Island Chapter of the Arthritis Foundation (Board of Directors)
Strengths:
In his 21st year with Schacker Real Estate Corp, Mr. Shwom has a strong understanding of market, legal, environmental, construction, financing, accounting, and economic incentive-related issues. Mr. Shwom's experience, creativity, and objective approach assist Schacker clients and their professional advisors in making informed decisions aimed at defining their objectives, protecting their interests, and achieving their goals.
Philanthropy and Community Service:
Phil is active with the Arthritis Foundation, as a committee member, financial contributor, and pro bono service provider; a regular blood donor and member of the Gallon club at Long Island Blood Services, he donates hundreds of toys in an annual event for underprivileged children in conjunction with Big Brother/Big Sisters, and serves as the director of Charitable contributions for CIBS. Schacker contributes regularly to many other worthwhile charities and causes.
Recent Highlights:
Phil completed two transactions exceeding $14,000,000 for Roslyn based Commerce Realty acting as its exclusive agent in selling a Class A 106,000 sq. ft. distribution facility at 155 Commerce Drive, Hauppauge to Forest Laboratories (NYSE) and representing Commerce Realty in the acquisition of a 69,000 sf mixed-use office and retail complex in Jenkintown, Pa. via a carefully structured 1031 exchange.
Phil completed a 44,000 sq. ft. lease transaction acting as the exclusive tenant representative for Antech Diagnostics, the nation's largest veterinary diagnostic laboratory. In addition to handling the property selection and lease negotiations for the transaction, Phil arranged for legal counsel, an architectural team, construction services, and a comprehensive economic incentive package. The intricate facility has been custom designed by Joseph T. Matthews Associates and is being built by Kulka Construction in the i.park complex in Lake Success. Antech is scheduled to take occupancy in September of 2002.
Phil completed what is considered by many experts to be the most important commercial property sale on Long Island in over 30 years. Phil acted as the exclusive agent for Heartland Development Corp., in its acquisition of a strategically located 460 acre site improved with over 3,000,000 sq. ft. of buildings, from the state of New York. Phil performed feasibility studies, financial analysis, environmental summaries, and assisted Heartland throughout the demanding and risk filled 5 year process. The acquisition closed in January of 2002. The road to success was blocked by environmental and zoning concerns, massive and uncertain infrastructure upgrades, a well publicized political scandal, 3 separate bidding phases, and numerous other obstacles.
-
James Parnes -
Philip Shwom -
Schacker Real Estate Corp.
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109-15 178th St
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