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Property profile

25-11 38Th Ave Queens, NY 11101

OFF-MARKET
Refrigerated & Cold Storage
31,438 SF 0.18 ac lot Built 2016
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Refrigerated & Cold Storage
Year built 2016
Total area 31,438 SF
Lot 0.18 ac (7,667 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

25-11 38Th Ave Queens, NY 11101
Queens metro
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Value estimations

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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
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