Turnkey Industrial Building with Heavy
254 HENRY ST, Inwood, NY 11096
For Sale
Contact for pricing
Turnkey industrial building with heavy power, clean warehouse space, and direct access to JFK and the Nassau/Queens border.
Property Size8,066 SF
Lot Size0.36 Acres
Price / SF$446.32
Days on Market142
Property Features for 254 HENRY ST
General Information
Standard status
Size
Class
Lot size
Property subtype
Zoning
Investment Type
Additional Details
Business Included
Heavy Power
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Listing Agency:
Marcus & Millichap - Manhattan
Listed By:
Michael Tuccillo · License NY #10401244358
(212) 430-5196
Source:
Crexi
Added: Jun 22
Changed: Oct 26
Last Checked: Nov 10 at 7:41AM
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 Marcus & Millichap - Manhattan
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
254 Henry Street presents a turnkey industrial facility designed for immediate operations. The offering includes approximately 8,066 SF of warehouse space with heavy power, supporting users that require dependable electrical capacity and a clean, functional layout for day-to-day work. The property is situated on an approximately 0.36-acre lot, which includes parking and room to support outdoor storage potential, along with efficient truck circulation for smoother inbound and outbound activity.
Access is a key attribute. The building provides direct access to JFK and the Nassau/Queens border, positioning it for tenants and owner-operators who value connectivity to the airport area and cross-borough routes.
This configuration can fit a range of users that need practical logistics and reliable power, including contractors, logistics groups, aviation-adjacent businesses, and specialty trades. For an owner-occupant seeking a property that is ready to use without waiting for upgrades, the combination of clean warehouse space, heavy power, and functional site circulation is well suited to hands-on industrial operations.
Access is a key attribute. The building provides direct access to JFK and the Nassau/Queens border, positioning it for tenants and owner-operators who value connectivity to the airport area and cross-borough routes.
This configuration can fit a range of users that need practical logistics and reliable power, including contractors, logistics groups, aviation-adjacent businesses, and specialty trades. For an owner-occupant seeking a property that is ready to use without waiting for upgrades, the combination of clean warehouse space, heavy power, and functional site circulation is well suited to hands-on industrial operations.
Key Highlights
- 1988‑built, 8,066 SF industrial building
- Approx. 0.36‑acre lot with on‑site parking and efficient truck circulation
- Clean warehouse space with heavy power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,171
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,803,420
$2.8M
Cap Rate 7%
$2,002,443
$2.0M
Cap Rate 9%
$1,557,456
$1.6M
Market Conditions
NOI Build-Up for 8,066 SF
Gross rent
$177.1K $21.96/SF
− Vacancy
−$12.2K −$1.52/SF
EGI
$164.9K $20.44/SF
− OpEx
−$24.7K −$3.07/SF
NOI
$140.2K $17.38/SF
Area
Nassau County, NY
Vacancy
6.90%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,803,420
Cap Rate 7%
$2,002,443
Cap Rate 9%
$1,557,456
Alternative Uses
Best Use
Warehouse
$2.00M
$1.75M – $2.34M
NOI $140,171 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.33M
$4.67M – $6.22M
NOI $373,315 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
1,439
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11096, NY
9,645
Population
2,706
Households
3.6
Avg Household Size
33
Median Age
28%
College-Educated
75%
High-School Grad
1.2 sq mi
ZIP Area
8,038
Density / Sq Mi
$88,160
Median Household Income
$40,754
Median Earnings
$1,944
Median Rent
$604,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Warehouses in Nassau County, NY
Properties on Market for Warehouses in Nassau County
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Self-Storage at U-Haul — 20A Sheridan Blvd, Inwood, NY 11096
- Jessy Self Storage Unit — 260 Central Ave, Lawrence, NY 11559
- Self Storage Facility — 308 Central Ave, Lawrence, NY 11559, United States
- Dylan Self Storage Units — 305 Rockaway Turnpike, Lawrence, NY 11559
- Life Storage — 4 Bay Blvd, Lawrence, NY 11559
Frequently Asked Questions
What type of property is this?
Warehouse - Turnkey industrial building with heavy power, clean warehouse space, and direct access to JFK and the Nassau/Queens border.
Where is this warehouse located?
The property is located at 254 HENRY ST Inwood, NY.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 1988‑built, 8,066 SF industrial building; Approx. 0.36‑acre lot with on‑site parking and efficient truck circulation; Clean warehouse space with heavy power
