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18-01 Decatur St Queens, NY 11385

OFF-MARKET Warehouses Google Maps
2,000 SF
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional offering presents a rare opportunity to acquire a thriving wholesale business alongside its 2,000 square foot warehouse located at 18-01 Decatur St, Queens, NY 11385. The property boasts M1-4D zoning, allowing for significant expansion potential. With 2,500 square feet of lot size and an impressive 3,000 square feet of available air rights, the total buildable area is 4,998 square feet (buyer to verify with their own architect). The existing warehouse features a 13-foot ceiling height and includes two parking spaces. The business itself has a strong track record, operating for over 25 years with established trading partners and exclusive US market brands, generating annual gross sales of $1,450,000. The asking price for the entire package is $2,075,000, representing a price per square foot of $1,037.50 and a price per unit of $2,075,000. The property is a single-tenant, NNN lease. Its convenient corner location in Ridgewood offers easy access to the L and M subway lines. This is a turnkey opportunity for an investor seeking both immediate income and substantial long-term growth potential. The buyer is responsible for verifying all zoning information and permitted uses with the appropriate authorities.

Property profile

Verified
Property type Warehouses
Total area 2,000 SF

Cap rate & NOI

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

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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