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Flex Building with Redevelopment Potential
For Lease
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42-20 13th Street, Long Island City, NY 11101

Available for sublease in its current condition or as a redevelopment project.

Space Size17,000 SF
Lot Size0.39 Acres
Days on Market94

Property Features for 42-20 13th Street

General Information

Standard status Active
Size 17,000 SF
Net Rentable 17,000 SF
Lot size 0.39 Acres
Property subtype Industrial

Space & Availability

Available Space 17,000 SF
Contiguous Space 17,000 SF
Sublease Yes

Building Details

Buildings 1
Building Size 17,000 SF

Spaces For Lease

at 42-20 13th Street Contact us

Available Space

Size
17,000 SF
Availability
Available
Contact us
Listing Agency: CBRE | Long Island
Listed By: John Reinertsen
Source: Cbre
Added: Jun 2 Changed: Aug 31 Last Checked: Sep 2 at 1:11PM

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 CBRE | Long Island

Investment Insights

Based on property information with market context.

Located at 42-20 13th Street in Long Island City, this flex property includes an existing 17,000 SF building situated on a 17,000 SF lot. The asset is offered for sublease in its current condition, providing an option for occupancy without redevelopment.

The property may also support redevelopment concepts, including ground-floor parking with up to two new full floors above rooftop parking. The described plans could accommodate ground-floor commercial space, warehousing, fulfillment, and replenishment uses. An alternative concept involves a rooftop parking level while retaining commercial use at ground level.

Key Highlights

  • Existing 17,000 SF building on a 17,000 SF lot
  • Offered for sublease in its current condition
  • Redevelopment option with ground‑floor parking and up to two new full floors

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm Real Estate Agency Clothing & Fashion Store Daycare Center Nursing Home Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

4,311
Businesses Nearby
Under-served
Demand for This Use

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

Lease Benchmarks for Long Island City, NY

$26.17 /SF/Yr
Avg Asking Price
$20–$32.31 /SF/Yr
Price Range
12,215 SF
Avg Space Size

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Available for sublease in its current condition or as a redevelopment project.
Where is this flex space located?
The property is located at 42-20 13th Street Long Island City, NY.
What are key features of this property?
This property features: Existing 17,000 SF building on a 17,000 SF lot; Offered for sublease in its current condition; Redevelopment option with ground‑floor parking and up to two new full floors
More about this property
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