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 Market779
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 #NY 49ME1182035
Source:
Moodyscre
Added: Sep 12, 2024
Changed: Oct 25
Last Checked: Oct 30 at 4:55PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$634,920
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Open Analytics
Current Use
Lease Details
15
Office units
Location Intelligence
Trade Area within ½ mile
4,261
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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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
