For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Freestanding Industrial Office Building Title is generated by Realmo AI

    121-6 89th Ave, Richmond Hill, NY 11418

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Two overhead drive-in gates support flexible loading for a warehouse and office setup in an M1-1 manufacturing district.

    Type:INDUSTRIAL
    Property size:
    5,910 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $378/SF
    Added:
    Jun 11, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 20 at 10:15 am

    Property Features for 121-6 89th Ave

    General Information

    Standard status
    Active
    Size
    5,910 SF
    Lot size
    0.09 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Jacques Wadler
    Jacques Wadler

    Listing agent Jacques Wadler

    Listing office Knickerbocker Realty Group

    Listing date Jun 11, 2026

    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 Knickerbocker Realty Group

    HighLights

    • Freestanding 5,910 SF two‑story warehouse/office on a 40' x 100' lot in Richmond Hill, Queens
    • Ground floor includes ~4,000 SF warehouse/manufacturing with 14'-25' ceiling heights and two oversized overhead drive‑in gates
    • 200 Amp / 3‑phase power plus central air/heat on the ground floor, with locker room and full bathroom facilities
    • Second floor offers ~1,910 SF office space with multiple private offices, restrooms, kitchenette, and two‑zone central air/heat
    • Zoned M1‑1 manufacturing district permitting a wide range of industrial/warehouse and commercial uses
    • Near Atlantic Avenue and the Van Wyck Expressway, with easy access to JFK Airport and blocks from the 121st St / Jamaica Ave J/Z subway station

    Overview

    121-06 89th Avenue is a freestanding two-story industrial and commercial building offering a combined warehouse/manufacturing and office configuration. The ground floor provides approximately 4,000 SF of warehouse/manufacturing space with ceiling heights ranging from 14' to 25', along with two oversized overhead drive-in gates for convenient vehicle access. The space is supported by 200 Amp, 3-Phase power, central air/heat, and includes a locker room and full bathroom facilities. The second floor contains approximately 1,910 SF of office space with multiple private offices, restrooms, and a kitchenette, with two-zone central air/heat.

    The property sits on a 40' x 100' lot and is located in an M1-1 manufacturing district. This zoning designation supports a wide range of industrial, warehouse, contractor, fabrication, storage, distribution, showroom, office, and commercial uses. The location is described as convenient to Atlantic Avenue and the Van Wyck Expressway, with access to JFK Airport and proximity to the 121st Street/Jamaica Avenue J/Z subway station.

    For tenants or owners looking for an end-to-end space that combines operational warehousing with dedicated office space, this building’s dual overhead drive-in gates and substantial ceiling heights support practical manufacturing or storage workflows, while the second-floor layout accommodates administrative functions. The inclusion of both power and climate control systems further supports day-to-day operational use across the two levels.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $297.9k $50.40
    − Vacancy −$38.4k −$6.50
    EGI $259.4k $43.90
    − OpEx −$64.9k −$10.97
    NOI $194.6k $32.92
    5,910 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $2.78M
    $2.43M – $3.24M (±1% cap)
    NOI $194,580 @ 7.0% cap · market cap 8.71%
    Second Best
    Flex RnD
    $1.34M
    $1.17M – $1.56M (±1% cap)
    NOI $93,809 @ 7.0% cap · market cap 4.20%
    Theoretical Best
    Office A
    $4.36M
    $3.81M – $5.08M (±1% cap)
    NOI $304,984 @ 7.0% cap · market cap 13.65%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Similar Places Nearby

    • MK Caters — 123rd St, Queens, NY 11415
    • Smart Chef Supply Inc — 13011 91st Ave, Richmond Hill, NY 11418
    • Tramble snacks — 83-57 118th St Apt 1F, Queens, NY 11415

    Location Insight

    • Map
    • Local Demand
    City
    Richmond Hill
    County
    Queens
    State
    New York
    Longitude
    -73.862335
    Latitude
    40.688759

    FAQs

    What type of property is this?
    Flex space - Two overhead drive-in gates support flexible loading for a warehouse and office setup in an M1-1 manufacturing district.
    Where is this flex space located?
    The property is located at 121-6 89th Ave Richmond Hill, NY.
    What is the asking price?
    The asking price for this property is $2,235,000.
    What are key features of this property?
    This property features: Freestanding 5,910 SF two‑story warehouse/office on a 40' x 100' lot in Richmond Hill, Queens; Ground floor includes ~4,000 SF warehouse/manufacturing with 14'-25' ceiling heights and two oversized overhead drive‑in gates; 200 Amp / 3‑phase power plus central air/heat on the ground floor, with locker room and full bathroom facilities
    (516) 650-1123 Call to check price and availability
    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