45-01 Northern Blvd Long Island, NY 11101
- Warehouses
- 78,800 SF
Current Use by Public Records
- Appwerx: App Design & Development Company / Design Agency
- NYC Auto Gallery / Used Car Dealer
Property Details for 45-01 Northern Blvd
- Property size
- 78,800 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a portfolio of two industrial buildings totaling 78,800 square feet, situated on a combined 28,997 square foot lot in Long Island City, Queens. The property, located at 45-01 Northern Boulevard and 34-08 46th Street, features a mix of flex and warehouse space, ideal for owner-users or investors seeking lease-up potential. The buildings, constructed in 1926 and 1957, underwent a complete renovation in 2023, boasting restored interiors and a revitalized façade. The property is zoned M1-1 & R6B/C2-4, offering flexibility for various uses. One building (45-01 Northern Boulevard) will be delivered fully vacant, while the other (34-08 46th Street) will be partially vacant with existing leases expiring by the end of 2024. This provides significant optionality for an end-user or an investor looking to lease up the space. The portfolio comprises six units across four stories and is conveniently located just two blocks from the R and M subway lines on 46th Street, and also near the E, F trains and the Q33 bus along Northern Boulevard, ensuring excellent accessibility. The asking price is $45,000,000, translating to $571 per square foot. This represents a rare chance to acquire a newly renovated, well-located industrial portfolio in a thriving market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Long Island
- County
- Queens
- State
- New York
- Longitude
- -73.917
- Latitude
- 40.7543
