96-12 43rd Ave

X Real Estate Group Exclusively Presents:
96-12 43rd Avenue & 96-11 44th Avenue, Corona/Flushing, Queens
An outstanding opportunity to acquire a versatile warehouse assemblage on the border of Corona and Flushing, Queens. This property is perfect for investors and businesses looking to capitalize on a prime location with multiple strategic advantages.
Property Overview:
Total Space: 18,008 SF across two contiguous lots.
96-12 43rd Avenue: 6,669 SF Flex Office/Warehouse.
96-11 44th Avenue: 11,100 SF Flex Office/Warehouse.
Zoning: M1-1, ideal for light manufacturing, warehousing, and office use.
Delivery: Available vacant, providing flexibility for immediate occupancy or tenant customization.
Optional Sale-Leaseback: Offers potential investors an opportunity to acquire the property with a reliable income stream in place.
Strategic Location:
Located at the dynamic border of Corona and Flushing, this property benefits from excellent access to major transportation routes and key logistical hubs:
Flushing Meadows Corona Park: 1 mile (5-minute drive).
Citi Field: 1.2 miles (6-minute drive), near the newly approved $780 million professional soccer stadium.
LaGuardia Airport: 3.5 miles (12-minute drive), ideal for businesses needing quick access to air freight services.
Manhattan: A 35-minute drive, providing easy access to the economic heart of New York City.
Nearby Developments:
This property is strategically located near the site of New York City's first-ever professional soccer stadium at Willets Point. The $780 million development will feature a 25,000-seat stadium, 2,500 affordable housing units, retail spaces, a hotel, and a school. This will transform the area into a major sports and entertainment destination, driving economic growth and increasing foot traffic.
Investment Highlights:
High Growth Potential: Positioned near significant new developments, the property is primed for appreciation and increased demand.
Operational Efficiency: Equipped with 12-foot and 8-foot drive-in garage doors, facilitating seamless logistics and loading operations.
Flexible Occupancy and Investment Options: The property can be delivered vacant or offered through a sale-leaseback arrangement, providing multiple investment strategies to suit buyer needs.
Why Invest Now?
Secure a prime industrial space in a rapidly evolving market area. The combination of strategic location, flexible zoning, and proximity to major developments makes this property a compelling investment opportunity. With the option of a sale-leaseback, investors can benefit from immediate income while planning for future growth in one of New York City’s most promising neighborhoods.
X Real Estate Group Presents: Financial Investment Breakdown for 96-12 43rd Avenue & 96-11 44th Avenue, Corona/Flushing, Queens
X Real Estate Group is pleased to offer a comprehensive financial breakdown for this prime industrial investment opportunity, strategically located on the border of Corona and Flushing, Queens. This property presents a significant opportunity for investors looking to capitalize on a high-demand market with substantial growth potential.
Property Overview:
96-12 43rd Avenue:
6,669 SF Flex Office/Warehouse
Lot Size: 7,500 SF
Features an 8-foot drive-in garage door for easy access
96-11 44th Avenue:
11,100 SF Flex Office/Warehouse
Lot Size: 10,508 SF
Equipped with a 12-foot drive-in garage door to accommodate larger vehicles
Combined Property Details:
Total Lot Size: 18,008 SF
Total Building Size: 17,769 SF
Projected Financials:
Market Rent Projection: With an estimated market rate of $20 per SF, the property is projected to generate a total annual rent of approximately $355,380, assuming full occupancy.
Asking Price: The property is listed at $5,695,000.
Cap Rate: The projected cap rate is approximately 6.24%, offering a strong return on investment in a rapidly developing market.
Price Per Square Foot (PPSF): At an asking price of $320 per SF, this property is competitively positioned in the current market landscape.
Investment Summary:
This offering provides a unique opportunity to secure a versatile industrial asset with strong income potential. With flexible occupancy options—including the ability to deliver the property vacant or through a sale-leaseback arrangement—this property is ideally suited for investors seeking stable returns and long-term appreciation in one of New York City's most dynamic neighborhoods.
For further details or to schedule a viewing, please contact X Real Estate Group