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69-07 69 Pl Queens, NY 11385

OFF-MARKET Warehouses Google Maps
42,500 SF Built 1969
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 42,500-square-foot warehouse, located at 69-07 69th Place in Queens, New York, presents a significant investment opportunity. Priced at $13,900,000 ($327.07 per square foot), this single-tenant industrial property boasts a prime location and numerous desirable features. Built in 1969, the one-story building sits on a 1-acre lot and is zoned M1-1, allowing for a variety of industrial uses. The warehouse features four loading docks, four of which are interior, a 20-foot ceiling height, and approximately 8,350 square feet of fenced yard space. The property benefits from LED lighting and floor drains throughout. Approximately 10,000 square feet of the warehouse space is air-conditioned, making it suitable for climate-sensitive manufacturing or distribution operations. A key advantage is the proximity to a rail siding, offering potential for daily rail freight service via the nearby NY & Atlantic Railway yard. The property's strategic location offers easy access to major transportation arteries, including the Long Island Expressway (LIE), with exit 19 approximately three miles away, and Manhattan, just six miles distant. The occupancy date is March 1st, 2024. This property is an excellent choice for businesses seeking a well-equipped, strategically located warehouse in the heart of Queens.

Property profile

Verified
Property type Warehouses
Year built 1969
Total area 42,500 SF

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Party Supply Store (Bike/Boat/Book/etc) Store
  • Big Box & Wholesale Store
  • Hat Shop
  • (Bike/Boat/Book/etc) Store

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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