Property profile

9-15 38Th Ave Queens, NY 11101

OFF-MARKET
Warehouses
6,183 SF Built 1951
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Property summary

AI-generated overview

This exceptional turnkey warehouse, located at 9-15 38th Ave in the Dutch Kills section of Long Island City, Queens, NY 11101, presents a unique owner-user investment opportunity. The property boasts 6,183 square feet of net rentable space, spread across two stories, built in 1951 and renovated in 2003. The warehouse features a fully equipped office space complete with restrooms, a full kitchen, separate offices, and a conference room. The building sits on a 3,093 square foot lot and benefits from M1-3 zoning, offering significant untapped potential with 9,279 square feet of air rights. Its prime location provides convenient access to Manhattan via multiple subway lines and major bridges. The asking price is $2,750,000, translating to $444.77 per square foot. This single-unit, Class C industrial property represents a rare combination of functionality, convenience, and growth potential. The property is ready for immediate occupancy, making it an ideal solution for businesses seeking a well-maintained and strategically located warehouse with integrated office space. The building's solid construction and recent renovations ensure a low-maintenance operation. Don't miss this chance to acquire a highly desirable asset in a thriving area.

Property profile

Verified
Property type Warehouses
Year built 1951
Total area 6,183 SF

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • General Contractor
  • Construction Company

Location

9-15 38Th Ave Queens, NY 11101
Queens metro
Google Maps

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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