25-11 38Th Ave Queens, NY 11101
This 31,438 square foot industrial property, located at 25-11 38th Avenue, Long Island City, NY 11101, offers a unique opportunity in a thriving Queens neighborhood. Built in 2016, this seven-story building features a minimum divisible space of 3,664 square feet, with 3,664 square feet currently vacant. The property sits on a 0.176-acre lot (7,672 square feet) and boasts 16 covered parking spaces. Its versatile design caters to various uses, including warehouse, distribution, R&D, flex space, manufacturing, and refrigerated/cold storage, as well as retail. The M1-2/R6A zoning allows for a range of commercial applications. Situated on a corner lot at the intersection of 38th Avenue and 27th Street, this building benefits from excellent visibility and accessibility. Its proximity to the Ed Koch Queensboro Bridge and Queensboro Plaza provides easy access to Midtown Manhattan. The property's modern design and functionality, combined with its prime location in a rapidly developing area, make it an ideal choice for businesses seeking a strategic location in Long Island City. This is a rare opportunity to secure space in a modern, well-located building with diverse usage potential.
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.