Property summary
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
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store
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Party Supply Store (Bike/Boat/Book/etc) Store
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Big Box & Wholesale Store
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Hat Shop
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(Bike/Boat/Book/etc) Store
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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