35-11 GREENPOINT AVENUE

For Sale - Queens - Long Island City

$8,500,000

Net Operating Income: Contact Agent

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Key Details

Property Type
Industrial
Neighborhood
Long Island City
Property Dimensions
174.0 x 241.0
Property Area
29,500 sq.ft.
Total Units:
2
Stories:
2
NOI
Contact Agent
Price
$8,500,000
Price Per Unit
$4,250,000
Cap Rate
-%

Listing Description

Nowak+Partners of Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 35-11 Greenpoint Avenue & 50-25 35th Street. Both located in the Long Island City neighborhood of Queens, NY.

35-11 Greenpoint Avenue is a multi-story industrial building located on Greenpoint Avenue between Hunters Point Avenue and Queens-Midtown Expressway. The subject property is built 59 ft x 140 ft on a 61.92 ft x 140.85 ft M1-1 zoned lot (Block: 235 Lot: 24). The building totals 17,800 square feet and features a basement with wide column spacing. 50-25 35th Street is a single-story warehouse building located on the corner of 35th Street and Queens-Midtown Expressway.

The subject property is built 115 ft x 101 ft on a 152 ft x 128.94 ft M1-1 zoned lot (Block: 235 Lot:1). The building totals 11,700 square feet including a lower-level space and features high ceilings, a loading bay, sprinkler system, and heavy power. 35-11 Greenpoint Avenue & 50-25 35th Street are both located right off the Long Island Expressway and Brooklyn Queens Expressway providing for an easy commute to Manhattan, Brooklyn or Eastern Long Island. Investors and owner-users have the opportunity to purchase two strategically located industrial properties in one Queens most desirable areas. The purchaser can capitalize on the close proximity to major transportation arteries and steady growth in commercial rents.

Property Details

Block/Lot:
235/24
Lot Dimensions
213.92 x 269.79
Lot Area
8,650 sq.ft
Jakub NowakThe Nowak Group
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Sales & Transactions

AddressSale PriceSale DateProperty Type
38-29 9 STREET$7,005,00007/26/2018Industrial
NORTHERN BOULEVARD$2,000,00007/17/2018Industrial
27-19 THOMSON AVENUE$6,850,00007/03/2018Industrial
43-05 35TH STREET$5,100,00006/14/2018Industrial
38-45 9 STREET$10,150,00006/08/2018Industrial
11-52 44TH DRIVE$5,200,00005/31/2018Industrial
50-13 35TH STREET$4,700,00004/13/2018Industrial
27-10 49TH AVENUE$12,000,00004/10/2018Industrial
37-04 24TH STREET$3,000,00004/04/2018Industrial
37-29 32ND STREET$2,400,00004/02/2018Industrial