Property profile

40-30 23Rd St Queens, NY 11101

OFF-MARKET
Warehouses
2,500 SF Built 1940
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Vehicle Inspection Center
  • Auto Repair Shop
  • Auto Repair Shop
  • Vehicle Inspection Center

Location

40-30 23Rd St Queens, NY 11101
Queens metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 40-30 23Rd St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message