Property profile

34-26 31St St Queens, NY 11106

OFF-MARKET
Retail properties & Spaces
2,000 SF Built 1920
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Property summary

AI-generated overview

This exceptional Class A manufacturing property, located at 34-26 31st Street in Queens, NY 11106, presents a compelling investment opportunity. The 2,000 square foot building, constructed in 1920 and renovated in 1987, sits on a 2,000 square foot lot and boasts a 13-foot ceiling height. Currently 100% occupied under a gross lease with a single tenant since May 1, 2023, with five years remaining on the lease, this stabilized investment offers a strong return. The property features one dock-high door, is zoned M1, and benefits from a prime location with excellent street exposure. The asking price is $1,900,000, translating to $950 per square foot. This single-unit building offers a rare opportunity to acquire a well-maintained, strategically located manufacturing space in a thriving Queens neighborhood. The property's strong tenancy and desirable features make it an ideal addition to any investment portfolio.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1920
Total area 2,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Security Service Tech Support Center
  • Telecommunications Service General Contractor
  • Painting

Location

34-26 31St St Queens, NY 11106
Queens metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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