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    8-14 37Th Ave Queens, NY 11101

    Sponsored
    For Lease
    Contact for pricing

    11,300 SF, 3 Suites Available

    Lot size:
    11,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Long Island City property offers 11,300 square feet of versatile space, ideal for a variety of uses. The building, constructed in 1931, features a blend of warehouse and office space across three stories. The layout includes 5,000 square feet of ground-floor warehouse space, complemented by 5,000 square feet of second-floor office space and an additional 1,300 square feet of office space on the third floor. Each of the three suites is available for lease individually or as a combined unit, providing flexibility for tenants of varying sizes and needs. The property boasts a 50-foot frontage on 37th Avenue, conveniently located near Vernon Boulevard in the Queens North submarket of Long Island City. The 5,000-square-foot lot is zoned M1-3, and the building is classified as Class C. One drive-in door facilitates efficient loading and unloading. The property's location offers excellent access to Manhattan and all New York City boroughs. Annual property taxes are $4.60 per square foot. This unique opportunity combines the functionality of warehouse space with the convenience of office space, making it an attractive option for businesses seeking a strategic location in a thriving area. The total building size is 11,300 square feet, with a maximum contiguous space of 11,300 square feet. The Queens County property is identified by APN 4-00358-0020 and has a zip code of 11101.

    Property Features for 8-14 37Th Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,300 SF
    Class
    C

    Building Details

    Year Built
    1931
    Stories
    3

    Unit(s) available at that property

    Space
    Ground Floor Warehouse
    Size
    5,000 SF
    Space
    3rd Floor Office - 1,300 sf
    Size
    1,300 SF
    Space
    2nd Floor Office - 5,000 sf
    Size
    5,000 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    The Strong Mold Removal ... Home Inspector

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.9429166
    Latitude
    40.7602429

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    FAQs

    What type of property is this?
    Distribution property - 11,300 SF, 3 Suites Available
    Where is this distribution property located?
    The property is located at 8-14 37Th Ave Queens, NY.
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    Queens, NY 11101
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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
    8-14 37Th Ave Queens, NY 11101
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