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    OFF-MARKET
    Refrigerated & Cold Storage

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

    35,100 SF Built 1927
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Permitted uses
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