40-30 23Rd St, Queens, NY 11101
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.