This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

946 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

The Woodworks LIC 9-03 44th Rd

93,347 SF 82% Leased 4-Star Industrial Building Long Island City, NY 11101 $31,500,000 ($337/SF) 9.85% Cap Rate

Commercial Buildings New York Long Island City 9-03 44th Rd, Long Island City, NY 11101

Investment Highlights

  • 99-year ground lease inclusive of a 25-year IDA tax exemption with the permanent CO delivered in 2021
  • Ideal mix of credit and regional tenancy with varying lease terms
  • Amenities include public rooftop terrace with pergolas, seating areas, and a bocce ball court
  • Three-story newly constructed industrial-flex and office building that spans an entire city block
  • Ground floor warehouse space includes seven drive-in doors, 20’ ceiling heights and ample natural light

Executive Summary

RIPCO REAL ESTATE has been retained on an exclusive basis to arrange for the sale of 9-03 44TH ROAD — in the Long Island City, Queens.
The newly constructed, three-story, multi-tenanted, M1-4 zoned industrial building spans across approximately 87,000 SF and encompasses an entire city block. The building boasts a solid tenant roster including Daikin Industries, Ltd. and Montana Datacom. Daikin Industries, Ltd. is a market-leading, publicly traded (DKILY), fortune 1000 company, specializing in multinational air conditioning manufacturing with ~$23B of revenue in 2020. Montana Datacom., established in 1996, is a Certified Woman Business Enterprise that distributes American-made electrical, data, transit, telephone, conduit, video, fire alarm, security, and industrial products. Additional tenancy includes various companies operating under several use groups.
Please reach out to the exclusive agents with any questions about the opportunity.

Attachments

9-03 44th Road - Ripco Setup

Property Facts

Price $31,500,000 Lot Size 1.10 AC
Price Per SF $337 Rentable Building Area 93,347 SF
Sale Type Investment No. Stories 3
Cap Rate 9.85% Year Built 2021
Property Type Industrial Clear Ceiling Height 20 FT
Property Subtype
Service
  • OfficeLoft Creative Space
 No. Drive In / Grade-Level Doors 7
Building Class A
Price $31,500,000
Price Per SF $337
Sale Type Investment
Cap Rate 9.85%
Property Type Industrial
Property Subtype
Service
  • OfficeLoft Creative Space
Building Class A
Lot Size 1.10 AC
Rentable Building Area 93,347 SF
No. Stories 3
Year Built 2021
Clear Ceiling Height 20 FT
No. Drive In / Grade-Level Doors 7
1 of 1
Walk Score ®
Walker's Paradise (92)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (81)
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.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 00451-0001 Improvements Assessment $5,100,750
Land Assessment $1,370,700 Total Assessment $6,471,450

PROPERTY TAXES

Parcel Number
00451-0001
Land Assessment
$1,370,700
Improvements Assessment
$5,100,750
Total Assessment
$6,471,450

zoning

Zoning Code M1-4 (Manufacturing Districts)
M1-4 (Manufacturing Districts)
(718) 663-2639

  • Listing ID: 27214027

  • Date on Market: 11/30/2022

  • Last Updated:

  • Address: 9-03 44th Rd, Long Island City, NY 11101

More public record information on 9-03 44th Rd, Long Island City, NY 11101

The Industrial Property at 9-03 44th Rd, Long Island City, NY 11101 is currently available For Sale. Contact Ripco Real Estate for more information.

Industrial PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/2
9-03 44th Rd, Long Island City, NY for sale Building Photo- Image 1 of 2
Building Photo

1 of 1

Connect with us

© 2024 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

The Woodworks LIC | 9-03 44th Rd
(718) 663-2639 x

The Woodworks LIC | 9-03 44th Rd

1/3

Stephen Preuss

(718) 663-2639

(718) 663-2639

Andreas Efthymiou

(718) 663-2643

(718) 663-2643

Christian Allimonos

(718) 663-2651

(718) 663-2651

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link