Property profile

40-11 Skillman Ave Queens, NY 11104

OFF-MARKET
Warehouses
4,875 SF
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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

Location

40-11 Skillman Ave Queens, NY 11104
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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