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Property profile

47-47 35Th St Queens, NY 11101

OFF-MARKET
Refrigerated & Cold Storage
27,000 SF
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Refrigerated & Cold Storage
Total area 27,000 SF

Cap rate & NOI

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

Location

47-47 35Th St Queens, NY 11101
Queens metro
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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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