36-48 38th St
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36-48 38th St
12,500 SF Vacant Industrial Building Long Island City, NY 11101 For Sale
Investment Highlights
- 10,000 SF GROUND FLOOR WAREHOUSE - 2,500 SF 2ND FLOOR OFFICES (CURRENTLY USED AS A TV STUDIO)
- 15’ CEILINGS, SLAB ON GRADE
- HEAVY EXPOSURE ADJACENT TO NORTHERN BLVD. THOROUGHFARE
- SELLER FINANCING NOW AVAILABLE - UNDER 5M PURCHASE PRICE AT UNDER 5% INTEREST RATE
- 100' x 100' FOOTPRINT
Executive Summary
DEAL DIED - BACK ON THE MARKET!
FEATURES TWO DRIVE IN DOORS AND RENOVATED 2ND FLOOR OFFICES. IDEAL LOCATION FOR WHOLESALE & RETAIL. COLLECT RENT WHILE OCCUPYING A PORTION OF THE PROPERTY UPON CLOSING. REDUCED SALE PRICE FOR AN "AS-IS" SALE. ADJACENT TO NEWLY PROPOSED 'INNOVATION QNS' DEVELOPMENT.
FEATURES TWO DRIVE IN DOORS AND RENOVATED 2ND FLOOR OFFICES. IDEAL LOCATION FOR WHOLESALE & RETAIL. COLLECT RENT WHILE OCCUPYING A PORTION OF THE PROPERTY UPON CLOSING. REDUCED SALE PRICE FOR AN "AS-IS" SALE. ADJACENT TO NEWLY PROPOSED 'INNOVATION QNS' DEVELOPMENT.
Financial Summary (Actual - 2021) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$49,593
|
$3.97
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$49,593
|
$3.97
|
Financial Summary (Actual - 2021)
| Taxes | |
|---|---|
| Annual | $49,593 |
| Annual Per SF | $3.97 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $49,593 |
| Annual Per SF | $3.97 |
Property Facts
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Property Type | Industrial | Year Built | 1930 |
| Property Subtype | Service | Clear Ceiling Height | 15 FT |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 0.23 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 12,500 SF |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | C |
| Lot Size | 0.23 AC |
| Rentable Building Area | 12,500 SF |
| No. Stories | 2 |
| Year Built | 1930 |
| Clear Ceiling Height | 15 FT |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
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Walk Score ®
Walker's Paradise (96)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 00637-0052 | Total Assessment | $496,890 (2024) |
| Land Assessment | $168,750 (2024) | Annual Taxes | $49,593 ($3.97/SF) |
| Improvements Assessment | $328,140 (2024) | Tax Year | 2021 |
PROPERTY TAXES
Parcel Number
00637-0052
Land Assessment
$168,750 (2024)
Improvements Assessment
$328,140 (2024)
Total Assessment
$496,890 (2024)
Annual Taxes
$49,593 ($3.97/SF)
Tax Year
2021
zoning
| Zoning Code | M1-1 |
| M1-1 |
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36-48 38th St
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