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Property profile & analytics

40-30 23Rd St Queens, NY 11101

  • Warehouses
  • 2,500 SF
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence

Current Use by Public Records

  • Long island city car inspection / Car Inspection Station
  • Star wheel alignment / Car Inspection Station / Auto Repair Shop
  • Star Auto / Auto Repair Shop / Wheel Alignment Service
  • New York State inspection / Car Inspection Station

Property Details for 40-30 23Rd St

Year built
1940
Property size
2,500 SF
Property type
Warehouses
Property subtype
Industrial properties

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use


Location Insight

  • Map
  • Local Demand
City
Queens
County
Queens
State
New York
Longitude
-73.9402
Latitude
40.7535
More about this property
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