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Property profile & analytics
OFF-MARKET
Land

15-18 Decatur St Queens, NY 11385

Property ID
Property summary
AI-generated overview

This exceptional 19,916 square foot industrial/commercial land parcel, located at 15-18 Decatur Street in Queens, NY 11385, presents a unique short-term lease opportunity. The property boasts significant frontage: 124 feet on Decatur Street and 34 feet on Cooper Avenue, with Irving Avenue as a cross street. Its M1-4 zoning allows for a Floor Area Ratio (FAR) of 2, potentially yielding up to 39,832 square feet of buildable space for commercial use, or even approximately 130,000 square feet for community facility uses. The lot is fully paved, making it ideal for various uses, including distribution operations, large-vehicle parking and charging, or outdoor retail concepts. Its location on the Ridgewood-Bushwick border offers excellent visibility and accessibility, just blocks from the L train at the Halsey Street stop. The property's annual taxes are $2.56 per square foot. The owner is open to discussing reasonable lease terms and potential build-out options. This is a rare chance to secure a strategically located, sizable lot in a rapidly developing area. The property is suitable for a single tenant.

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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