13-07 37Th Ave Queens, NY 11101

Property Details for 13-07 37Th Ave

Year built

1989

Property size

13,500 SF

Property type

Office Properties & Spaces

Description

This three-story, 13,500-square-foot Class B office building in Queens, NY, presents a compelling investment opportunity. Built in 1989, the property sits on a 4,500-square-foot lot (50.04 ft x 100.08 ft) and features three units totaling 4,500 square feet of net rentable space. Currently partially occupied, the space can be delivered vacant, offering significant potential for redevelopment or lease-up. The building boasts an 8-foot garage opening, 38-foot roof height, and a ground elevation of 14 feet. Its dimensions are 50 ft x 100 ft. The property is zoned 9b and has a 1031 exchange sale condition. Annual property taxes are $41,041 (Tax Class 4). The asking price is $4,000,000. The APN is 00350-0003. This location at 13-07 37th Ave, Queens, NY 11101 offers excellent potential for investors seeking a strong return in a desirable area. The building's size and layout provide flexibility for various uses. This is a rare opportunity to acquire a well-located office building with significant upside potential.