Two-Building Package Deal in
10211 44th Ave Queens, NY 11368
For Sale
$4,000,000
Two industrial buildings with parking and freight elevators in Queens.
Property Size18,520 SF
Lot Size0.26 Acres
Price / SF$215.98
Days on Market98
Property Features for 10211 44th Ave
General Information
Standard status
Active
Size
18,520 SF
Lot size
0.26 Acres
Property subtype
Industrial
Listing Agency:
ProBase Real Estate
(718) 210-2727
Listed By:
Chun Hung (Leo) Tse · License #CT7740
(718) 210-2727
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 11:48AM
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 ProBase Real Estate
Investment Insights
Based on property information with market context.
Located at 10211 and 10215 44th Avenue in Corona, NY, this package deal features two buildings, presenting an opportunity for investors and end users in a high-demand Queens location. The total lot size is approximately 11,300 square feet, with a total building size of approximately 18,520 square feet. The property includes a basement of approximately 3,500 square feet. There are 7 on-site parking spaces available, along with a loading area. Infrastructure includes 2 freight elevators. The property offers operational capacity, flexible usage potential subject to zoning regulations, and value-add possibilities. The location is considered very bikeable with a bike score of 76, very walkable with a walk score of 79, and has excellent transit with a transit score of 83.
Key Highlights
- Two‑building package deal totaling approximately 18,520 SF on an 11,300 SF lot.
- Located in a high‑demand Queens location (Corona, NY).
- Includes 7 on‑site parking spaces with loading area.
Financial Insights For Industrial
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 | $175.6k | $9.48 |
| − Vacancy | −$9.1k | −$0.49 |
| EGI | $166.4k | $8.99 |
| − OpEx | −$49.9k | −$2.70 |
| NOI | $116.5k | $6.29 |
18,520 SF · lease $9.48/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.66M
$1.46M – $1.94M
NOI $116,508 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.65M
$11.95M – $15.93M
NOI $955,721 @ 7.0% cap · market cap 23.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Industrial property - Two industrial buildings with parking and freight elevators in Queens.
Where is this industrial property located?
The property is located at 10211 44th Ave Queens, NY.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Two‑building package deal totaling approximately 18,520 SF on an 11,300 SF lot.; Located in a high‑demand Queens location (Corona, NY).; Includes 7 on‑site parking spaces with loading area.
