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4829 31st Pl

16,800 SF 100% Leased Industrial Building Long Island City, NY 11101 $8,100,000 ($482/SF)

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Investment Highlights

On Site Parking
Easy access to I-278, I-495 & Manhattan

3 Roll-up doors, 2 tailboard loading bays

Executive Summary

Modern Spaces Commercial + Investment Division has been exclusively retained to handle the disposition of this prime Long Island City warehouse. With easy access to the Queens Midtown Expressway (I-495) and the Brooklyn Queens Expressway (I-278) the property is well located for fast access to Manhattan and the other boroughs. The space offers valuable on-site parking (see p4 for parking space information), three roll-up gates, and a sizable warehouse/storage space (16,800 S.F.) with high ceilings (16’ 9”) which includes an air conditioned second floor office. Favorable M1-5 zoning also allows for an as-of-right buildable square footage of 82,5000 for commercial development.

48-29 31st Place Brochure Web

Property Facts

Price	$8,100,000	Rentable Building Area	16,800 SF
Price Per SF	$482	No. Stories	2
Sale Type	Investment or Owner User	Year Built	1965
Property Type	Industrial	No. Dock-High Doors/Loading	2
Property Subtype	Warehouse	No. Drive In / Grade-Level Doors	2
Lot Size	1.11 AC	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	$8,100,000
Price Per SF	$482
Sale Type	Investment or Owner User
Property Type	Industrial
Property Subtype	Warehouse
Lot Size	1.11 AC
Rentable Building Area	16,800 SF
No. Stories	2
Year Built	1965
No. Dock-High Doors/Loading	2
No. Drive In / Grade-Level Doors	2
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.

zoning

Zoning Code	M1-5 (Favorable M1-5 zoning also allows for an as-of-right buildable square footage of 82,5000 for commercial development.)
M1-5 (Favorable M1-5 zoning also allows for an as-of-right buildable square footage of 82,5000 for commercial development.)