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    39-01 23Rd St Queens, NY 11101

    For Sale
    Contact for pricing

    13,750 SF Industrial Lot, Prime Location

    Property size:
    13,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 13,750-square-foot industrial lot presents a unique user opportunity in Long Island City, Queens. Situated on a corner lot at the intersection of 23rd Street and 39th Avenue, this property boasts 110 feet of frontage on 39th Avenue and 125 feet on 23rd Street, offering excellent visibility and accessibility. Currently utilized for outdoor storage, the property is zoned M1-2, allowing for a variety of industrial uses. The lot's dimensions are 120 feet by 110 feet, providing ample space for development or expansion. This prime location in Long Island City offers significant advantages for businesses seeking a strategic presence in a thriving commercial area. The property is designated as both an Opportunity Zone and an Investment Business Zone, presenting attractive tax incentives for qualified investors. The Real Estate Tax is $32,698. This is a rare chance to acquire a substantial corner lot in a highly sought-after area with significant development potential. The property's size and zoning make it ideal for a variety of industrial uses, offering a strong return on investment for the right buyer. Don't miss this opportunity to own a piece of Long Island City's vibrant industrial landscape.

    Property Features for 39-01 23Rd St

    General Information

    Property type
    Distribution properties
    Square Feet
    13,750 SF

    HighLights

    • 13,750‑square‑foot industrial lot in Long Island City, Queens.
    • Corner lot at 23rd Street & 39th Avenue with excellent visibility (110' frontage on 39th Ave, 125' on 23rd St).
    • M1‑2 zoning allows for various industrial uses.
    • Opportunity Zone & Investment Business Zone designation offers tax incentives.
    • Annual Real Estate Tax: $32,698.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery 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
    -73.938437033688
    Latitude
    40.755399607414

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    FAQs

    What type of property is this?
    Distribution property - 13,750 SF Industrial Lot, Prime Location
    Where is this distribution property located?
    The property is located at 39-01 23Rd St Queens, NY.
    What are key features of this property?
    This property features: 13,750-square-foot industrial lot in Long Island City, Queens.; Corner lot at 23rd Street & 39th Avenue with excellent visibility (110' frontage on 39th Ave, 125' on 23rd St).; M1-2 zoning allows for various industrial uses.
    Request Owner's contact information
    39-01 23Rd St Queens, NY 11101
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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
    39-01 23Rd St Queens, NY 11101
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