Technical
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Property profile

145-64 156 St Queens, NY 11434

OFF-MARKET
Warehouses
27,500 SF
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Warehouses
Total area 27,500 SF

Cap rate & NOI

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

Location

145-64 156 St Queens, NY 11434
Queens metro
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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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