Property profile

36-20 34Th St Long Island City, NY 11106

OFF-MARKET
Refrigerated & Cold Storage
35,100 SF Built 1927
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Property summary

AI-generated overview

This exceptional Long Island City industrial property offers 30,400 square feet of versatile space in a two-story, 35,100-square-foot building on a 15,200-square-foot lot. Built in 1927 and extensively renovated in 2008, the property boasts 14 dock-high doors, a 12-foot ceiling height, and a freight elevator with a 30,000 lb capacity. The space includes approximately 7,000 square feet of refrigerated cold storage, 3,500 square feet of garage space, multiple offices and conference rooms, eight bathrooms, a kitchen, showrooms, and open workspace. The building features a new rubber membrane roof, updated plumbing, electrical, and HVAC systems (entire building under HVAC), new wood floors, doors, lighting, a sprinkler system, and an alarm system. Located at 36-20 34th Street, Long Island City, NY 11106, this owner-occupied building is zoned M1-1 and is being delivered vacant, although a leaseback is possible. The property is situated on a 0.35-acre lot with approximately 150 feet of frontage, offering excellent visibility. Its convenient location is within two blocks of the N, W, M, and R subway lines and a short distance from Northern Boulevard. This turnkey building presents a unique opportunity for a variety of uses. The building combines three addresses (36-08 through 36-20) and features three curb cuts with the potential for three loading docks. The property's potential is further enhanced by the City of Yes's economic opportunity zoning proposal, which could significantly increase the maximum floor area ratio for manufacturing districts.

Property profile

Verified
Property type Refrigerated & Cold Storage
Year built 1927
Total area 35,100 SF

Cap rate & NOI

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

Location

36-20 34Th St Long Island City, NY 11106
Long Island City metro
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Value estimations

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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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