9-03 44Th Rd Queens, NY 11101

This exceptional three-story, 93,347-square-foot flex/warehouse building in Long Island City, Queens offers a compelling value-add investment opportunity. Boasting a 9.85% cap rate and a strong NOI of $2,913,994, the property features a diverse tenant roster including a Fortune 1000 company and a certified woman-owned business. Built in 2018, the building sits on a 0.97-acre lot and includes seven loading docks, 20' and 14' ceiling heights, and is zoned M1-4. The property benefits from a 99-year ground lease inclusive of a 25-year IDA tax exemption, delivered in 2021. Amenities include a public rooftop terrace with pergolas, seating areas, and a bocce ball court. Its prime location offers easy access to the Long Island City Ferry, multiple subway lines (7, G, E & M), and major roadways, placing it within a thriving commercial and residential area experiencing significant growth. The building's strategic location and diverse tenancy make it an attractive investment for discerning buyers seeking strong returns and long-term stability. The asking price is $31,500,000, translating to $364 per square foot. This presents a rare opportunity to acquire a well-positioned, high-performing asset in one of New York City's most dynamic neighborhoods.