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Property profile & analytics
OFF-MARKET
Industrial properties

39-01 23Rd St Queens, NY 11101

13,750 SF
Property ID
Property summary
AI-generated overview

This exceptional 13,750-square-foot industrial lot presents a unique user opportunity in Long Island City, Queens. Situated on a corner lot at the intersection of 23rd Street and 39th Avenue, this property boasts 110 feet of frontage on 39th Avenue and 125 feet on 23rd Street, offering excellent visibility and accessibility. Currently utilized for outdoor storage, the property is zoned M1-2, allowing for a variety of industrial uses. The lot's dimensions are 120 feet by 110 feet, providing ample space for development or expansion. This prime location in Long Island City offers significant advantages for businesses seeking a strategic presence in a thriving commercial area. The property is designated as both an Opportunity Zone and an Investment Business Zone, presenting attractive tax incentives for qualified investors. The Real Estate Tax is $32,698. This is a rare chance to acquire a substantial corner lot in a highly sought-after area with significant development potential. The property's size and zoning make it ideal for a variety of industrial uses, offering a strong return on investment for the right buyer. Don't miss this opportunity to own a piece of Long Island City's vibrant industrial landscape.

Property profile
Verified
Property type Industrial properties
Total area 13,750 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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