50-25 35 STREET

For Sale - Queens - Long Island City

$4,200,000

Net Operating Income: Contact Agent

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Key Details

Property Type
Industrial
Neighborhood
Long Island City
Property Dimensions
115.0 x 101.0
Property Area
7,764 sq.ft.
Total Units:
2
Stories:
1
NOI
Contact Agent
Price
$4,200,000
Price Per Unit
$2,100,000
Cap Rate
-%

Listing Description

The Nowak Group of Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 50-25 35th Street.

The subject property is located in the Long Island City neighborhood of Queens, NY. 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.

50-25 35th Street is 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 a strategically located industrial properties in Long Island City.

The purchaser can capitalize on the close proximity to major transport arteries and steady growth in commercial rents.

Property Details

Block/Lot:
235/1
Lot Dimensions
152.0 x 207.0
Lot Area
9,850 sq.ft
Zoning:
M1-1
FAR as Built:
0.79
Max FAR:
2.4
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