• Broker Kostas Alafoyiannis 7187865050

1102 37th Ave 15,000 SF Vacant Industrial Building Long Island City, NY 11101 £4,458,630 (£297.24/SF) 9.32% Net Initial Yield

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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 £4,458,630
Price Per SF £297.24
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
Walk Score®
Very Walkable (89)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (86)

PROPERTY TAXES

Parcel Number 00361-0018 Improvements Assessment £188,940
Land Assessment £204,039 Total Assessment £392,979

ZONING

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

MAP

ADDITIONAL PHOTOS

View Photo Building Photo
View Photo Lobby
View Photo Plat Map
View Photo Interior Photo
View Photo Building Photo

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