Property summary
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
VerifiedCap rate & NOI
Current use
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Security Service Tech Support Center
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Telecommunications Service General Contractor
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Painting
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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