Two-Story Flex Space
For Sale
Contact for pricing
2525 Borden Ave, Long Island City, NY 11101
Two-story configuration combines industrial spaces with office space.
Property Size40,000 SF
Price / SF$325
Days on Market689
Property Features for 2525 Borden Ave
General Information
Standard status
Active
Size
40,000 SF
Property subtype
INDUSTRIAL
Additional Details
Office Units
15
Building Details
Buildings
1
Stories
2
Listing Agency:
ARM Real Estate Group
(212) 464-8815
Listed By:
Anand Melwani · License #49ME1182035
Source:
Moodyscre
Added: Sep 12, 2024
Changed: Jul 31
Last Checked: Jul 31 at 8:28AM
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 ARM Real Estate Group
Investment Insights
Based on property information with market context.
This two-story flex space building contains 40,000 SF with a configuration of 3 industrial spaces and 15 offices. The property combines industrial and office components within a single building, supporting a range of operational and administrative functions.
Located at 2525 Borden Ave in Long Island City, Queens, the property offers a defined industrial and office presence in an established New York City commercial location.
Located at 2525 Borden Ave in Long Island City, Queens, the property offers a defined industrial and office presence in an established New York City commercial location.
Key Highlights
- 40,000 SF two‑story flex space building
- 3 industrial spaces
- 15 offices
Financial Insights For Flex RnD
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 | $1.06M | $26.40 |
| − Vacancy | −$79.2k | −$1.98 |
| EGI | $976.8k | $24.42 |
| − OpEx | −$341.9k | −$8.55 |
| NOI | $634.9k | $15.87 |
40,000 SF · lease $26.40/SF/yr · vacancy 7.50% · expense 35.00%
Alternative Uses
Best Use
Office B
$18.81M
$16.46M – $21.95M
NOI $1,316,952 @ 7.0% cap · market cap 10.13%
Second Best
Flex RnD
$9.07M
$7.94M – $10.58M
NOI $634,920 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$29.49M
$25.80M – $34.40M
NOI $2,064,192 @ 7.0% cap · market cap 15.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
15
Office units
Location Intelligence
Trade Area within ½ mile
2,456
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 11101, NY
48,867
Population
27,093
Households
1.8
Avg Household Size
33
Median Age
65%
College-Educated
90%
High-School Grad
2.6 sq mi
ZIP Area
18,795
Density / Sq Mi
$116,807
Median Household Income
$83,892
Median Earnings
$2,740
Median Rent
$995,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Two-story configuration combines industrial spaces with office space.
Where is this flex space located?
The property is located at 2525 Borden Ave Long Island City, NY.
What is the asking price?
The asking price for this property is $13,000,000.
What are key features of this property?
This property features: 40,000 SF two‑story flex space building; 3 industrial spaces; 15 offices
