45-01 Northern BlvdLong Island, NY 11101

Property Details for 45-01 Northern Blvd

Property size (Sq ft)

78,800 SF

Property type

Industrial properties

Property subtype

Other warehouses

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.

Location Insight

City

Long Island

County

Queens

State

New York

Latitude

40.7543

Longitude

-73.917

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