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    65-17 68 Ave Queens, NY 11385

    Sponsored
    For Sale
    $4,528,000

    Renovated Industrial Warehouse, 9,600 SF

    Property size:
    9,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This 9,600-square-foot industrial warehouse in Glendale, Queens, presents a compelling value-add opportunity. Built in 1930 and renovated in 2019, the property boasts a single-story, 10,000-square-foot lot with a 16-foot ceiling height (13 feet under beams). The building features two separate warehouse spaces divided by a fully renovated office area complete with cubicles, private offices, and a break room. All existing office furniture and build-outs are included. A small basement storage area provides additional space. The property is zoned M1, allowing for various uses including manufacturing, light assembly, repair, storage, distribution, and showroom space. Significant potential exists for expansion, with 4,300 square feet of unused floor area ratio (FAR) allowing for the addition of another story. Various manufacturing equipment is included in the sale, with a full inventory list available upon request. Comprehensive plans for electrical, HVAC, plumbing, and sprinklers, along with a survey, are also available. Located 3.5 blocks from the Fresh Pond M subway station and the B13/B20 bus stop, and approximately two miles from the Long Island Expressway and Jackie Robinson Parkway, this property offers excellent access to Manhattan and Long Island. Annual property taxes are $43,342. The asking price is $4,528,000.

    Property Features for 65-17 68 Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    9,600 SF

    Building Details

    Year Built/Renovated
    1930/2019
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 9,600 SF industrial warehouse in Glendale, Queens, for sale.
    • 10,000 SF lot with 16' ceiling height (13' under beams).
    • Features two warehouse spaces separated by a renovated office area with included furniture.
    • Includes a small basement storage area and various manufacturing equipment (inventory list available).
    • M1 zoning allows for diverse uses; 4,300 SF of unused FAR allows for expansion.
    • $4,528,000 asking price; $43,342 annual property taxes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sweeney & Harkin Carpentry Dry Wall Contractor

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.891984875616
    Latitude
    40.706367291235

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    FAQs

    What type of property is this?
    Distribution property - Renovated Industrial Warehouse, 9,600 SF
    Where is this distribution property located?
    The property is located at 65-17 68 Ave Queens, NY.
    What is the asking price?
    The asking price for this property is $4,528,000.
    What are key features of this property?
    This property features: 9,600 SF industrial warehouse in Glendale, Queens, for sale.; 10,000 SF lot with 16' ceiling height (13' under beams).; Features two warehouse spaces separated by a renovated office area with included furniture.
    Request Owner's contact information
    65-17 68 Ave Queens, NY 11385
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    Queens, NY 11385
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    65-17 68 Ave Queens, NY 11385
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