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    OFF-MARKET
    Warehouses

    40-30 23Rd St, Queens, NY 11101

    2,500 SF Built 1940
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2,500-square-foot warehouse, located at 40-30 23rd Street in Queens, New York, presents a unique investment opportunity. Built in 1940 and extensively renovated in 2019, this single-story building boasts a 14-foot ceiling height, ideal for various industrial uses. The property is zoned M1-3, offering flexibility for a range of businesses. While it currently has zero loading docks, the substantial 10,000 square feet of available air rights presents significant potential for expansion and future development. Situated in Long Island City, this warehouse enjoys convenient access to public transportation, with proximity to the F train station. The asking price is $1,999,999, translating to a price per square foot of $800. This represents a compelling value proposition for investors seeking a well-maintained, strategically located industrial property with considerable upside potential. The net rentable area is 2,500 square feet, matching the total square footage. This property is being offered for sale by owner.

    Property profile
    Verified
    Property type Warehouses
    Year built 1940
    Total area 2,500 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Long island city car inspection Vehicle Inspection Center
    • Star wheel alignment Auto Repair Shop
    • Star Auto Auto Repair Shop
    • New York State inspection Vehicle Inspection Center
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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