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Woodside Industrial Property with Office

70-42 48th Ave, Queens, NY 11377

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For Sale

$2,380,000

6,079 SF industrial property with warehouse and office space.

Type:Industrial

Property size:

6,079 SF

Lot size:

0.09 Acres

Price / SF:

$391/SF

HighLights

Vacant and ready for immediate use, offering flexibility.
Prime location in Woodside's logistics hub with exceptional access to major highways.
Versatile space suitable for warehousing, distribution, e‑commerce, food processing, or integrated industrial/office use.
Dual‑corner exposure and two separate entrances provide operational flexibility.
Substantial warehouse space (5,120 SF) and office space (959 SF) totaling 6,079 SF.
Reinforced concrete structure with E1 fire rating and 11–20 ft ceiling heights.

We can help!

Contact an agent

Li Li

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For Sale

$2,380,000

6,079 SF industrial property with warehouse and office space.

Type:Industrial

Property size:

6,079 SF

Lot size:

0.09 Acres

Price / SF:

$391/SF

Added:: Mar 11, 2026
Days on Market:: 118
Last Refresh:: Jul 3 at 2:31 am

Property Features for 70-42 48th Ave

General Information

Standard status: Active
Size: 6,079 SF
Lot size: 0.09 Acres
Property subtype: Industrial

Building Details

Year Built: 1990

We can help!

Contact an agent

Li Li

Listing office

Listing date Mar 11, 2026

Source Elliman

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 Li Li

HighLights

Vacant and ready for immediate use, offering flexibility.
Prime location in Woodside's logistics hub with exceptional access to major highways.
Versatile space suitable for warehousing, distribution, e‑commerce, food processing, or integrated industrial/office use.
Dual‑corner exposure and two separate entrances provide operational flexibility.
Substantial warehouse space (5,120 SF) and office space (959 SF) totaling 6,079 SF.
Reinforced concrete structure with E1 fire rating and 11–20 ft ceiling heights.

Overview

This independent industrial property is located in the Woodside logistics hub and offers 6,079 square feet of space. The property includes a 5,120-square-foot warehouse and a 959-square-foot office. It features dual-corner exposure, ceiling heights between 11 and 20 feet, and two separate entrances, which allow for flexible operations. The building has a reinforced concrete structure with an E1 fire rating and is in excellent condition. Delivered vacant, the property is ready for immediate use. It is suitable for warehousing, distribution, e-commerce, food-processing applicants, or integrated industrial/office operations due to its exceptional access to major highways and key thoroughfares.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$306.4k	$50.40
− Vacancy	−$39.5k	−$6.50
EGI	$266.9k	$43.90
− OpEx	−$66.7k	−$10.97
NOI	$200.1k	$32.92

6,079 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%

Alternative Uses

Best Use

Office B

$2.86M

$2.50M – $3.34M (±1% cap)

NOI $200,144 @ 7.0% cap · market cap 8.41%

Second Best

Flex RnD

$1.38M

$1.21M – $1.61M (±1% cap)

NOI $96,492 @ 7.0% cap · market cap 4.05%

Theoretical Best

Office A

$4.48M

$3.92M – $5.23M (±1% cap)

NOI $313,706 @ 7.0% cap · market cap 13.18%

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

Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Similar Places Nearby

high draw value inc — 5317 62nd St, Maspeth, NY 11378
Maria Bonita Catering — 53-21 Roosevelt Ave, Queens, NY 11377
Little Kiss of the Sun — 3913 44th St, Queens, NY 11104
Imperial Waiters Staffing — 3901 63rd St, Woodside, NY 11377
On Set Carlitos Catering — 37-47 61st St, Queens, NY 11377

Location Insight

Map
Local Demand

City: Queens
County: Queens
State: New York
Longitude: -73.9572
Latitude: 40.7444

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For sale
Flex space
NY
Queens
11377
70-42 48th Ave

What type of property is this?

Flex space - 6,079 SF industrial property with warehouse and office space.

Where is this flex space located?

The property is located at 70-42 48th Ave Queens, NY.

What is the asking price?

The asking price for this property is $2,380,000.

What are key features of this property?

This property features: Vacant and ready for immediate use, offering flexibility.; Prime location in Woodside's logistics hub with exceptional access to major highways.; Versatile space suitable for warehousing, distribution, e‑commerce, food processing, or integrated industrial/office use.