35-11 9 STREET

Elite ListingOffice Building QueensAstoria

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Cap Rate

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Property located at 35-11 9 STREETIc expand

Avison Young, as exclusive agent, is pleased to offer for sale The Cigar Factory building located at 35-11 9th Street in Astoria, Queens (the “Property”). Situated on a full block-front along 35th Avenue, this former factory building offers 4-stories of creative office space totaling 120,559 rentable square feet. The Property sits on a 42,000 square foot lot with approximately 610 feet of wraparound frontage along 35th Avenue, 10th Street, and 9th Street. In addition to the Property, a 5,010 square foot lot used as a parking area for the office, located a few doors down at 35-31 9th Street (the “Lot”) is also available. The Property has undergone a modern transformation with $5.0M in improvements featuring a brand-new lobby, upgraded elevators, bike room, locker rooms, landscaped courtyard, new bathrooms, and an aesthetic that fosters a creative community and work environment. In addition, Ownership is amidst a $1.4M facade improvement program that is slated for completion in the Third Quarter of 2021.

Property Details

Block/Lot:329/18
Lot Dimensions 21.0 x 200.0
Lot Area42,000 sq.ft
Zoning: R5
FAR as Built:2.62
Max FAR:1.25

Exclusive Agent

James Nelson

Avison Young

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Sales & Transactions

AddressNeighborhoodBuilding ClassSale PriceSale Date
37-11 35TH AVENUEASTORIAO9$30,000,00012/10/2015
25-34 STEINWAY STREETASTORIAO7$2,800,00007/16/2015
18-64 41ST STREETASTORIAO9$700,00007/08/2015
18-54 42ND STREETASTORIAO1$1,200,00006/19/2015
24-40 STEINWAY STREETASTORIAO1$2,720,00005/14/2015
19-01 STEINWAY STREETASTORIAO9-04/02/2015
31-41 45TH STREETASTORIAO7$1,900,00003/30/2015
31-15 31ST STREETASTORIAO5-03/26/2015