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    9-03 44Th Rd Long Island City, NY 11101

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    For Sale
    $31,500,000

    Three-story industrial-flex and office building in Long Island City.

    Property size:
    86,562 SF
    Lot size:
    1.16 Acres

    Property Features for 9-03 44Th Rd

    General Information

    Size
    86,562 SF
    Lot size
    1.16 Acres

    Source: RIPCO Real Estate - Queens Agent Stephen R. Preuss

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

    Overview

    Newly Constructed Flex/Office Building

    This newly constructed three-story building, completed in 2021, offers a mix of industrial-flex and office space. Spanning an entire city block, the property features a 99-year ground lease that includes a 25-year Industrial Development Agency (IDA) tax exemption. The property has a permanent Certificate of Occupancy (CO). The building accommodates a mix of credit and regional tenants with varying lease terms. The property has a total size of 86562 square feet.
    Location Intelligence

    Current Use by Public Records

    Daikin Applied Service Hvac Contractor dash design - hospitality ... Interior Designer The Rose Room Event Venue Lemon Poppy Studios Photography Studio Daikin Applied Parts ... Hvac Contractor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    Chef Caters your Event, Butchery & Beyond, Thomas Preti Events to Savor, Ask Chef Ryan | Personal Chef & Catering Services | ACR & Co., Cloud Catering and Events

    Location Insight

    • Map
    • Local Demand
    City
    Long Island City
    County
    Queens
    State
    New York
    Longitude
    -73.949947
    Latitude
    40.749617

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    FAQs

    What type of property is this?
    Flex space - Three-story industrial-flex and office building in Long Island City.
    Where is this flex space located?
    The property is located at 9-03 44Th Rd Long Island City, NY.
    What is the asking price?
    The asking price for this property is $31,500,000.
    What are key features of this property?
    This property features: - Three-story newly constructed industrial-flex and office building that spans an entire city block; - 99-year ground lease; - **25-year IDA tax exemption**
    (516) 647-7155
    Request Owner's contact information
    9-03 44Th Rd Long Island City, NY 11101
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    Long Island City, NY 11101
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    Realmo Value Estimation

    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.

    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.

    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
    9-03 44Th Rd Long Island City, NY 11101
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