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Property profile

132-109 178 St Queens, NY 11434

OFF-MARKET
Warehouses
51,324 SF 1.18 ac lot
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Property summary

AI-generated overview

This exceptional 51,324-square-foot warehouse presents a compelling investment opportunity in Queens, New York. Located at 132-109 178th Street, 11434, this single-story building sits on a 1.18-acre lot and is zoned M-1. The property boasts a 22-foot ceiling height, ideal for high-volume storage, and features three loading docks and one dock-high door, ensuring efficient loading and unloading operations. The asking price is $18,000,000, translating to a price per square foot of $350.71. The warehouse offers ample space for distribution, with 2,418 pallet positions, and includes floor drains. A significant advantage is the inclusion of 4,100 square feet of rear yard space. Furniture and pallet racking are available for purchase, adding to the property's immediate operational readiness. Furthermore, the property benefits from partial tax abatement through a New York City Industrial Development Agency PILOT agreement. The occupancy date is January 1st, 2025. Its prime location offers easy access to John F. Kennedy International Airport, approximately 15 minutes away, making it strategically positioned for seamless logistics and distribution. This pristine distribution center also includes Class A office space, enhancing its overall functionality and appeal.

Property profile

Verified
Property type Warehouses
Total area 51,324 SF
Lot 1.18 ac (51,401 SF)

Cap rate & NOI

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

Location

132-109 178 St Queens, NY 11434
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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