- $18,000,000
- Built in 1950
- Pristine manufacturing/distribution center with 22 FT Ceiling Height, Class A Offices within 15 minutes of JFK Airport. Furniture & Pallet Racking included
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New York Industrial Properties for Sale
Industrial Property For Sale in New York
New York City is known for its significant economic impact and strong infrastructure, making industrial properties for sale a valuable option for those interested in CRE investing. With a gross metropolitan product of over US$2.16 trillion, New York's economy is the largest in the world, serving as a key hub for finance, technology, and international trade. The city's comprehensive transportation system, which includes major airports, a wide subway network, and numerous taxis and buses, provides easy access to these industrial properties. The presence of top-tier educational institutions also ensures a skilled workforce, and New York's location with its natural harbor has long supported its role in trade and commerce, enhancing the appeal of industrial properties here.
Industrial properties in New York City gain from the city's strategic position, offering access to one of the busiest and most efficient transportation systems in the world, and closeness to a large consumer market. The ease of distributing goods across the metropolitan area and further is a key benefit for businesses in these industrial spaces. If you're an investor seeking a "like-kind" property for a 1031 exchange, New York has properties that could fit your needs. While industrial properties are a focus, New York City also presents a wide range of real estate options, from high-end retail spaces in busy areas to modern office buildings for the city's numerous financial and tech companies. Luxury residential units add to the urban setting, offering high-end living options in the city’s dynamic environment. Together, these property types make up New York City's active real estate market, showing the city's diverse economic foundation and its role as a global leader in commerce, culture, and innovation.
Learn About Industrial Properties For Sale in New York
How many Industrial Properties are available for sale in New York?
New York currently has 242 Industrial Properties on the market.
What factors should I consider when searching for Industrial Properties in New York?
Consider the size and price per square foot of the Industrial Properties. On average, these properties in New York tend to be around 18,331 SF in size and priced at $679 per square foot.
How much does it cost to buy an industrial property in New York?
The cost to buy an industrial property in New York greatly varies, as the price is influenced by many factors such as size, location, and the current real estate market conditions.
- The average price per square foot for industrial properties for sale in New York is $679.
What is the largest Industrial property available to buy in New York?
The largest Industrial property listed for sale in New York spans an expansive 310,000 SF.
Why is New York an ideal location for Industrial Properties?
New York provides a strategic advantage for Industrial Properties due to its status as a global hub, large and diverse population, and extensive infrastructure.
- The investment potential of industrial properties can be highlighted by the average cap rate, which in New York stands at 6.42%, indicative of its potential ROI for buyers.
- With the city populated by millions of people, there exists a robust workforce potential, which is a key component that drives the functionality of Industrial Properties.
Is it possible to reside in an industrial property in New York?
The answer is generally no, as industrial properties are designed for specific types of business operations, but certain circumstances could allow it with the right type of industrial space and adherence to specific guidelines.
- Industrial properties, by zoning codes, are usually designated for use by manufacturing, warehouse, and distribution centers, not residential purposes.
- The exceptions could be a live-work setup, such as an artist’s loft, where the property's use still aligns predominantly with the industrial zoning's intended purpose.
Size Summary For New York Industrial Properties
| Industrial Property Size | Square Feet |
|---|---|
| Maximum | 310,000 SF |
| Average | 18,331 SF |
| Minimum | 1 SF |
Cap Rate for New York Industrial Properties
| Industrial Property Cap Rate | Cap Rate Percentage |
|---|---|
| Maximum | 18.33% |
| Average | 6.42% |
| Minimum | 2.28% |
Prices for New York Industrial Properties
| Industrial Property Price | Price Per SF |
|---|---|
| Maximum | $9,889 Per SF |
| Average | $679 Per SF |
| Minimum | $18 Per SF |
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