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    OFF-MARKET
    Warehouses

    132-109 178 St, Queens, NY 11434

    51,324 SF 1.18 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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