145-64 156 St, Queens, NY 11434
This exceptional industrial property, located at 145-64 156th Street in Springfield Gardens, Queens, NY 11434, presents a compelling investment opportunity. The two-story building offers a total of 27,500 square feet, encompassing approximately 17,500 square feet of warehouse space and 10,000 square feet of second-floor office space. The warehouse boasts impressive ceiling heights ranging from 17.5 to 25 feet, providing ample vertical storage capacity. Seven drive-in doors and two drive-in loading docks ensure efficient loading and unloading operations. Strategically situated on an entire block front between 155th and 156th Streets, the property enjoys excellent accessibility, with close proximity to major transportation arteries including the Belt Parkway and the Van Wyck Expressway (I-678). Its location just five minutes from John F. Kennedy International Airport further enhances its logistical advantages. Currently vacant, this property presents a prime opportunity for an owner-user seeking a substantial and well-located industrial space. The asking price for this exceptional property is $14,000,000.
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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.