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    OFF-MARKET
    Warehouses

    40-11 Skillman Ave, Queens, NY 11104

    4,875 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional 4,875-square-foot industrial property, located at 40-11 Skillman Avenue in Long Island City, Queens, presents a compelling investment opportunity. The single-story building boasts a 14.4-foot ceiling height, providing ample vertical space for various uses. The property features one overhead door and two passenger entrance doors, one leading directly into the warehouse and another into the office space. The warehouse benefits from abundant natural light, a full HVAC system in both the warehouse and office areas, and heavy industrial power. Its strategic location places it just two blocks from the 7 train on Queens Boulevard, offering convenient access to public transportation. Situated between 40th and 41st Streets and Queens Boulevard and Northern Boulevard, the property enjoys exceptional proximity to major highways, bridges, and the Midtown Tunnel, ensuring seamless connectivity throughout the region. The property is zoned M1-1, and is currently vacant, allowing for immediate occupancy and customization to suit specific business needs. The asking price is $3,000,000, translating to $615.38 per square foot. This represents a significant opportunity for owner-users or investors seeking a well-located, functional industrial space in a thriving area.

    Property profile
    Verified
    Property type Warehouses
    Total area 4,875 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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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