40-11 Skillman Ave, Queens, NY 11104
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.