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Property profile & analytics
OFF-MARKET
Warehouses

51-18 Grand Ave Queens, NY 11378

40,000 SF 6300 ac lot
Property ID
Property summary
AI-generated overview

This exceptional Maspeth industrial property offers 40,000 square feet of warehouse space in a single-story building situated on a 6,300-square-foot paved lot. The building boasts excellent visibility due to its prominent Grand Avenue frontage. High ceilings, ranging from 16 to 30 feet, provide ample vertical space for storage and operations. Loading and unloading are efficient with four loading docks, each measuring 40 to 44 feet in depth, complemented by a single drive-in door capable of accommodating large trucks. The property is zoned M1-1, offering flexibility for various industrial uses. The expansive lot provides significant parking and potential for future expansion. With its strategic location, substantial square footage, and convenient loading facilities, this warehouse is ideally suited for businesses requiring significant space and easy access to major transportation routes. An additional 30,000 square feet of land is also available, presenting opportunities for further development or expansion. The property's APN is 2611-136.

Property profile
Verified
Property type Warehouses
Total area 40,000 SF
Lot 6300 ac (274,428,000 SF)
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
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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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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