96-12 43Rd Ave Queens, NY 11368

Property Details for 96-12 43Rd Ave

Property size

17,500 SF

Property type

Warehouses

Property subtype

Mixed-use properties

Description

This exceptional investment opportunity presents two industrial buildings totaling 17,500 square feet on a combined 18,000 square foot lot in desirable Corona, Queens. The property features two loading docks, two dock-high doors, and 18-foot ceilings, ideal for distribution, flex, or warehouse use. Zoned M1-1, it allows for light manufacturing, warehousing, and office space. The buildings boast 6 units across two stories. Located minutes from LaGuardia Airport, Citi Field, and a new soccer stadium, this prime location offers unparalleled access to major transportation routes and logistical hubs. The property is available vacant, allowing for immediate occupancy or tenant customization. A sale-leaseback option is also available, providing a reliable income stream. Projected financials include a 6.15% pro-forma cap rate and a $350,000 pro-forma NOI, with an asking price of $5,695,000 ($320/sq ft). This high-growth potential investment is situated near significant new developments, promising increased demand and appreciation. The flexible zoning and strategic location make this a compelling opportunity for investors seeking stable returns and long-term growth in a rapidly evolving market. The property's proximity to major transportation arteries and key logistical hubs, including LaGuardia Airport, ensures efficient operations and accessibility. The potential for future appreciation is significant, given the ongoing development in the surrounding area, including the new soccer stadium and associated infrastructure projects. This presents a unique chance to acquire a well-positioned industrial asset with strong income potential and flexible occupancy options.

Location Insight

City

Queens

County

Queens

State

New York

Longitude

-73.8675

Latitude

40.7456