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

    1407 113th St College Point, NY

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

    Three-story fireproof warehouse in College Point with excellent visibility.

    Type:INDUSTRIAL
    Lot size:
    0.11 Acres
    Added:
    May 23, 2025
    Days on Market:
    347
    Last Refresh:
    Apr 5 at 9:44 pm

    Property Features for 1407 113th St

    General Information

    Standard status
    Active
    Lot size
    0.11 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Luca DiCiero
    Luca DiCiero

    Listing agent Luca DiCiero License #10311202240

    Listing office NY Space Finders

    Listing date May 23, 2025

    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 NY Space Finders

    Overview

    Three-Story Warehouse in College Point

    This three-story fireproof warehouse, classified as Class E1, is situated in the College Point neighborhood. The location offers visibility and access to major transportation routes. Its location is minutes from public transportation, highways, and the airport. The property is positioned in a high-traffic area. Proximity to key transit options ensures connectivity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Similar Places Nearby

    • City Closet Self Storage — 20-20 129th St, College Point, NY 11356
    • Nannybag Luggage Storage — 15-13 College Point Blvd, College Point, NY 11356
    • Bounce Luggage Storage - Flushing — 20-07 127th St, Queens, NY 11356
    • Ralph express moving inc. — 114-16 14th Ave, College Point, NY 11356
    • College Point Self Storage — 2020 129th St, Queens, NY 11356

    Location Insight

    • Map
    • Local Demand
    City
    College Point
    County
    Queens
    State
    New York
    Longitude
    -73.8539
    Latitude
    40.7853

    Nearby Similar for Sale

    • $2,350,000

      Versatile Warehouse with Office Suite

      Warehouse with office space in thriving College Point, Queens.
      1815 128th Street, College Point, NY 11356
      View Details
    • $999,888

      College Point Two-Family Home

      Legal two-family home with income potential in College Point.
      121-29 8th Avenue, College Point, NY 11356
      View Details
    • $1,680,000

      College Point Two-Family Brick Residence

      Well-maintained two-family home near shopping and transportation.
      2008 125th Street, College Point, NY 11356
      View Details
    • $1,450,000

      College Point Two-Family Home

      Spacious two-family home with modern amenities and convenient location.
      13-03 A 128th St, College Point, NY 11356
      View Details
    • $1,258,000

      Versatile Multi-Level College Point Home

      Multi-level home in College Point with investment potential.
      114-67 Taipei Court, College Point, NY 11356
      View Details
    • $1,338,000

      Mixed-Use Investment in College Point

      Well-maintained mixed-use building with retail, residential, and parking.
      20-11 College Point Boulevard, College Point, NY 11356
      View Details
    • $1,380,000

      College Point Mixed-Use Investment Opportunity

      Semi-detached, renovated mixed-use building with M1-2 zoning in College Point.
      126-01 18TH Avenue, College Point, NY 11356
      View Details
    • $1,280,000

      Two-Family House in College Point

      Semi-detached, move-in ready two-family house with modern amenities.
      12816 23RD Avenue, College Point, NY 11356
      View Details
    • $1,600,000

      Newer Construction Multifamily in College Point

      Two-family property built in 2020 with modern amenities.
      1417 117TH Street, College Point, NY 11356
      View Details
    • $1,299,999

      College Point Multifamily Investment Opportunity

      Six-unit income property in College Point, Queens. Great investment.
      22-14 120th Street, College Point, NY 11356
      View Details
    • $1,500,000

      College Point Income-Producing Industrial Property

      Well-maintained industrial property in College Point, offering stable income.
      124-15 18th Avenue, College Point, NY 11356
      View Details
    • $1,600,000
      1,800 SF

      Spacious Two-Family Home with Upgrades

      Versatile two-family home with income potential in College Point.
      119-28 8th Avenue, College Point, NY 11356
      View Details

    FAQs

    What type of property is this?
    Warehouse - Three-story fireproof warehouse in College Point with excellent visibility.
    Where is this warehouse located?
    The property is located at 1407 113th St College Point, NY.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: Fireproof Warehouse (Class E1): Ensures safety, durability.; Ideal Location: Minutes from public transportation, highways, and the airport.; Prime Exposure: Located in a high‑traffic area for maximum business visibility.
    (347) 242-0353 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Luca DiCiero
    Luca DiCiero
    Real Estate License ID: 10311202240
    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

    1407 113th St, College Point, 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!