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38-65 12th St

10,500 SF Industrial Building Long Island City, NY 11101 $4,200,000 ($400/SF)

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EXECUTIVE SUMMARY

Manhattan is the central city of New York City and home to many businesses. Business owners have trouble securing enough warehouse space in Manhattan due to high real estate prices and limited spaces. Therefore, a warehouse site near Manhattan is considered a viable alternative. The Long Island City warehouse site is located nearby, providing convenient accessibility. These areas generally have good transport links, fast connections within and outside the city, and are suitable for logistics and distribution activities.

MichelleHan_38-6512thSt_Brochure (1)

LONG ISLAND CITY copy (1)

Offering Memorandum
Third Party Reports

PROPERTY FACTS

Price	$4,200,000	No. Stories	2
Price Per SF	$400	Year Built	1940
Sale Type	Owner User	Tenancy	Single
Property Type	Industrial	Parking Ratio	0.57/1,000 SF
Property Subtype	Warehouse Industrial Distribution Industrial Refrigeration ColdStorage Industrial Service	Clear Ceiling Height	22’
Building Class	B	No. Dock-High Doors/Loading	2
Lot Size	0.18 AC	No. Drive In / Grade-Level Doors	1
Rentable Building Area	10,500 SF	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$4,200,000
Price Per SF	$400
Sale Type	Owner User
Property Type	Industrial
Property Subtype	Warehouse Industrial Distribution Industrial Refrigeration ColdStorage Industrial Service
Building Class	B
Lot Size	0.18 AC
Rentable Building Area	10,500 SF
No. Stories	2
Year Built	1940
Tenancy	Single
Parking Ratio	0.57/1,000 SF
Clear Ceiling Height	22’
No. Dock-High Doors/Loading	2
No. Drive In / Grade-Level Doors	1
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.