Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    52-15 Flushing Ave Maspeth, NY

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    60,000 SF warehouse with 5,000 SF modern offices.

    Type:INDUSTRIAL
    Property size:
    70,000 SF
    Lot size:
    1.59 Acres
    Added:
    Jun 29, 2023
    Days on Market:
    1039
    Last Refresh:
    Apr 5 at 10:06 pm

    Property Features for 52-15 Flushing Ave

    General Information

    Standard status
    Active
    Size
    70,000 SF
    Lot size
    1.59 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Ben Feig

    Listing agent Ben Feig

    Listing office Greiner-Maltz Real Estate - Corporate

    Listing date Jun 29, 2023

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Greiner-Maltz Real Estate - Corporate

    Overview

    Maspeth Warehouse with Modern Offices

    The property features a 60,000 square foot ground-floor warehouse and 5,000 square feet of modern office space. Situated on a 69,970 square foot plot, the site offers 139,940 square feet of buildable space. The warehouse has a ceiling height of 22 feet clear and includes 4 interior tailboards and 1 drive-in. The offices fully overlook the warehouse. The property is located in close proximity to the Long Island Expressway and Brooklyn Queens Expressway, and is blocks from the L subway and buses B38, Q54, B57, and Q59. The property is located at 52-15 Flushing Ave, Maspeth, NY. The blocks and lots are 2611 / 328, 350 2633 / 8. The zone is M3-1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Stop and Stor Ridgewood / Maspeth — 63-35 Fresh Pond Rd, Queens, NY 11385
    • WeScan USA — 5105 Flushing Ave, Queens, NY 11378
    • Nfd Logistic Center — 47-1 Metro Ave, Maspeth, NY 11378
    • AdraCut - Ridgewood NY | Self Storage Units Near You — 70 Onderdonk Ave, Queens, NY 11385
    • Publishers Circulation Fulfillment, Inc. — Nurge Ave, Maspeth, NY 11378

    Location Insight

    • Map
    • Local Demand
    City
    Maspeth
    County
    Queens
    State
    New York
    Longitude
    -73.9204
    Latitude
    40.7098

    Nearby Similar for Sale

    • $900,000

      Updated Two-Family Home in Maspeth

      Updated two-family home with great proximity to Manhattan.
      5936 69th Place, Maspeth, NY 11378
      View Details
    • $1,449,000
      3,000 SF

      Maspeth Three-Family Brick Home

      Newer construction three-family home in prime Maspeth location.
      72-20 CALDWELL AVENUE, Maspeth, NY 11378
      View Details
    • $980,000

      Maspeth Multi-Family Home For Sale

      Three-level home with versatile layout, ideal for multi-generational living.
      65-22 Jay Avenue, Maspeth, NY 11378
      View Details
    • $1,480,000

      Maspeth Two-Family Home For Sale

      Detached, well-maintained two-family home in Maspeth, Queens.
      5907 59th Drive, Maspeth, NY 11378
      View Details
    • $1,088,000

      Maspeth Two-Family Home with Garage

      Well-maintained two-family home with strong rental income potential.
      5436 Nurge Avenue, Maspeth, NY 11378
      View Details
    • $1,749,999

      Renovated 4-Family Property in Maspeth

      Renovated 4-family property with modern finishes and strong rental income.
      6014 56th Avenue, Maspeth, NY 11378
      View Details
    • $999,999

      Maspeth Two-Family Home

      Well-maintained two-family home in Maspeth, Queens with investment potential.
      58-29 60th Lane, Maspeth, NY 11378
      View Details
    • $2,100,000

      Maspeth Multi-Family Brick House

      Seven-dwelling brick house with commercial garages and finished basement.
      59-49 56th Drive, Maspeth, NY 11378
      View Details
    • $1,550,000

      Maspeth Legal 4-Family Property

      Well-maintained 4-family property in Maspeth with income potential.
      60-58 60th Road, Maspeth, NY 11378
      View Details
    • $850,000

      Maspeth Two-Family Home for Sale

      Two-family home in Maspeth with renovation potential.
      6019 60th Drive, Maspeth, NY 11378
      View Details
    • $1,350,000
      1,985 SF

      Renovated Maspeth Multi-Family Home

      Fully renovated 2-family home in Maspeth with finished basement.
      68-02 Jay Avenue, Maspeth, NY 11378
      View Details
    • $1,298,000

      Maspeth Two-Family Brick Home

      Two-family brick home near parks, shops, and transportation.
      60-60 69th Place, Maspeth, NY 11378
      View Details

    FAQs

    What type of property is this?
    Warehouse - 60,000 SF warehouse with 5,000 SF modern offices.
    Where is this warehouse located?
    The property is located at 52-15 Flushing Ave Maspeth, NY.
    What are key features of this property?
    This property features: 60,000 SF ground‑floor warehouse with 5,000 SF of modern offices; 139,940 SF buildable on a 69,970 SF plot; Convenient access to Long Island Expressway and Brooklyn Queens Expressway
    (718) 786-5050 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ben Feig
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    52-15 Flushing Ave, Maspeth, NY

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!