58-38 47Th St, Queens, NY 11378
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.
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
Similar Nearby for Sale
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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.