47-47 35Th St Queens, NY 11101
This exceptional Long Island City industrial property offers 27,000 square feet of versatile flex space, perfectly suited for a variety of uses. The property comprises two buildings, totaling 27,000 square feet on a 21,000 square foot lot, situated at 47-47 35th St, Queens, NY 11101, at the corner of 48th Ave and 35th St. Both buildings boast a 17'6" ceiling height and underwent complete renovations in 2024, including new roofs, pointing, bathrooms, and offices. Building 1 offers 11,500 square feet with two drive-in doors, while Building 2 provides 15,500 square feet and five drive-in doors. The property features a 310-foot frontage and is zoned M1. With its convenient location near public transportation, major highways, and bridges, providing easy access to Manhattan, this property is ideal for warehouse and distribution, contractors, service industries, light manufacturing, and import/export businesses. Street parking is available. The property is currently vacant and ready for immediate occupancy. The buildings can be divided to accommodate specific tenant needs. This is a rare opportunity to secure a fully renovated, strategically located industrial property in the thriving Long Island City market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.