Property profile

58-38 47Th St Queens, NY 11378

OFF-MARKET
Warehouses
180,924 SF
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Property summary

AI-generated overview

This exceptional industrial property, located at 58-38 47th Street in Queens, New York, presents a unique investment opportunity. The warehouse building encompasses a substantial 180,924 square feet, with 90,000 square feet currently available for lease. Situated on a 90,462 square foot lot, the property benefits from M3-1 zoning. The building is single-tenant and offers significant advantages for businesses seeking a strategic location in the heart of Maspeth. The site boasts convenient access to major transportation arteries, including direct access to Manhattan via the Williamsburg Bridge and proximity to both the Brooklyn Queens Expressway and the Long Island Expressway. Further enhancing its logistical capabilities, the property features 365 linear feet of bulkhead along Newtown Creek, providing access to NYC waterways. The fully paved and fenced lot is equipped with essential utilities including electricity, water, and sewer. Two-street corner frontage and multiple curb cuts ensure ease of access and high visibility on Grand Avenue, a major thoroughfare. This property is ideal for businesses requiring substantial space and excellent connectivity within the New York City metropolitan area. The zip code is 11378.

Property profile

Verified
Property type Warehouses
Total area 180,924 SF

Cap rate & NOI

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

Location

58-38 47Th St Queens, NY 11378
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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