55-5 Flushing Ave Queens, NY 11378
This exceptional 22,000-square-foot Class A industrial property, located at 55-05 Flushing Avenue in Queens, New York, presents a unique investment opportunity. Built in 1938 and extensively renovated in 2020, this two-story building boasts a desirable M1-1 zoning designation. The warehouse features 16,000 square feet of ground-floor space and 6,000 square feet of second-floor office space, all benefiting from 18-foot high ceilings. Loading and unloading are efficient with three interior tailboard docks and one drive-in door. The property includes a substantial 3,600 square feet of paved parking, a significant advantage in this location. Modern amenities include a new 1,600-amp electrical service, gas heat, a wet sprinkler system with a fire alarm control panel, and fully renovated HVAC systems in the offices. This turnkey property is situated on a 2630 square foot lot and is ready for immediate occupancy. Its prime Maspeth location offers excellent access to major transportation routes, making it an ideal distribution or manufacturing hub. The property's combination of size, modern features, and convenient location makes it a highly attractive investment.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.