Long Island City Industrial
For Sale
Contact for pricing
2525 Borden Ave, Long Island City, NY
Two-story industrial building with office and industrial spaces for sale.
Property Size40,000 SF
Lot Size0.52 Acres
Price / SF$325
Days on Market709
Property Features for 2525 Borden Ave
General Information
Standard status
Active
Size
40,000 SF
Lot size
0.52 Acres
Property subtype
INDUSTRIAL
Listing Agency:
ARM Real Estate Group
(212) 464-8815
Listed By:
Anand Melwani
Source:
Moodyscre
Added: Sep 12, 2024
Changed: Aug 14
Last Checked: Aug 14 at 9:25AM
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 is a two-story industrial building located in Long Island City, Queens. The property encompasses 40,000 square feet and features a combination of industrial spaces and offices. Specifically, the building includes 3 industrial spaces and 15 offices. The property is suitable for 1031 Advisory.
Key Highlights
- 40,000 SF Industrial Building
- Located in Long Island City, Queens
- 2‑Story Structure includes 3 Industrial Spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$634,920
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,698,400
$12.7M
Cap Rate 7%
$9,070,286
$9.1M
Cap Rate 9%
$7,054,667
$7.1M
Market Conditions
NOI Build-Up for 40,000 SF
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.
Gross rent
$1.06M $26.40/SF
− Vacancy
−$79.2K −$1.98/SF
EGI
$976.8K $24.42/SF
− OpEx
−$341.9K −$8.55/SF
NOI
$634.9K $15.87/SF
Area
Queens County, NY
Vacancy
7.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,698,400
Cap Rate 7%
$9,070,286
Cap Rate 9%
$7,054,667
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,261
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Y-Cats Craft Service & Jayse Catering — 261 Huron St, Brooklyn, NY 11222
- Purslane — 113 Franklin St, Brooklyn, NY 11222
- Little Urban Foods Catering — 195 Franklin St, Brooklyn, NY 11222
- Bon Appetite — 142 Franklin St, Brooklyn, NY 11222
- Nurturie — 61 Greenpoint Ave, Brooklyn, NY 11222
Frequently Asked Questions
What type of property is this?
Flex space - Two-story industrial building with office and industrial spaces for sale.
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 Industrial Building; Located in Long Island City, Queens; 2‑Story Structure includes 3 Industrial Spaces
