39-01 23Rd St Queens, NY 11101
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.