1102 37th Ave 15,000 SF Vacant Industrial Building Long Island City, NY 11101 £4,522,881 (£301.53/SF) 9.32% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • 15,000 SQ. FT. 2-STORY BUILDING
  • DIRECT ACCESS TO MANHATTAN VIA QUEENSBORO BRIDGE!
  • 7,500 SQ. FT. GROUND FLOOR WAREHOUSE

EXECUTIVE SUMMARY

• 15,000 SQ. FT. 2-STORY BUILDING
• 7,500 SQ. FT. GROUND FLOOR WAREHOUSE
• 18 FT. CEILINGS
• 2 LARGE DRIVE-IN DOORS AND 1 INTERIOR LOADING
DOCK WITH ACCESS FROM A WIDE STREET
• 7,500 SQ. FT. 2ND FLOOR FLEX SPACE
• WIDE OPEN SPACE
• 12 FT. CEILINGS
• ELEVATOR SHAFT IN PLACE
• COMMERCIAL FAR = 5, 37,500 BSF

ATTACHMENTS

11-02 37th Avenue

PROPERTY FACTS

Price £4,522,881
Price Per SF £301.53
Sale Type Investment or Owner User
Net Initial Yield 9.32%
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Distribution
  • Industrial Food Processing
  • Industrial Manufacturing
Building Class C
Lot Size 0.17 AC
Rentable Building Area 15,000 SF
Number of Floors 2
Year Built 1986
Parking Ratio 0.2/1,000 SF
Clear Ceiling Height 18 ft
No. Dock-High Doors/Loading 1
Level Access Doors 2
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

AMENITIES

  • Front Loading
  • Mezzanine

UTILITIES

  • Heating
1 of 1
Walk Score®
Very Walkable (89)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (86)

PROPERTY TAXES

Parcel Number 00361-0018 Improvements Assessment £191,663
Land Assessment £206,979 Total Assessment £398,642

ZONING

Zoning Code M1-3,Queens,(E3) (Queens,(E3))

CONTACT

  • Listing ID: 32337987

  • Date on Market: 03/07/2024

  • Last Updated:

  • Address: 1102 37th Ave, Long Island City, NY 11101

The Ravenswood Industrial Property at 1102 37th Ave, Long Island City, NY 11101 is currently available. Contact Greiner-Maltz Company of New York, Inc. for more information.

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