Technical
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Property profile

5-16 47Th Ave Queens, NY 11101

OFF-MARKET
Warehouses
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Property summary

AI-generated overview

This exceptional 5,000-square-foot industrial property, located in the heart of Hunters Point, presents a unique opportunity for businesses seeking a strategic location. Situated between the Midtown Tunnel and the 59th Street Bridge, this single-tenant warehouse boasts convenient access to major transportation arteries. The building features a spacious 4,000-square-foot ground floor warehouse area, perfect for storage or manufacturing, complemented by a 1,000-square-foot second-floor office space with a private entrance. An existing mezzanine provides additional storage capacity. The property includes a drive-in loading door for efficient material handling, along with essential amenities such as a restroom, a locker room, and a kitchenette. The heating system utilizes gas, while split units provide efficient climate control. The ceiling height measures 13.6 feet, offering ample vertical space. The property is zoned M1-4/R6B and has an APN of 29-30. This location offers unparalleled access to public transportation, making it an attractive option for employees and clients alike. This versatile space is ready for immediate occupancy and presents a compelling investment opportunity.

Property profile

Verified
Property type Warehouses

Cap rate & NOI

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

Location

5-16 47Th Ave Queens, NY 11101
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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