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1102 37th Ave

15,000 SF Vacant Industrial Building Long Island City, NY 11101 $5,500,000 ($367/SF) 10% Cap Rate

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

Property Facts

Price $5,500,000
Price Per SF $367
Sale Type Investment or Owner User
Cap Rate 10%
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
No. Stories 2
Year Built 1986
Parking Ratio 0.2/1,000 SF
Clear Ceiling Height 18 FT
No. Dock-High Doors/Loading 1
No. Drive In / Grade-Level Doors 2
Opportunity Zone Yes

Amenities

  • Front Loading
  • Mezzanine

Utilities

  • Heating
Walk Score ®
Very Walkable (89)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00361-0018
Land Assessment
$270,000
Improvements Assessment
$250,020
Total Assessment
$520,020

zoning

Zoning Code M1-3,Queens,(E3) (Queens,(E3))
M1-3,Queens,(E3) (Queens,(E3))
  • Listing ID: 32337987

  • Date on Market: 7/3/2024

  • Last Updated:

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

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