64-72 48Th Ave Queens, NY 11377
This exceptional 5,000-square-foot warehouse, located at 72-20 48th Avenue in Queens, New York, presents a significant investment opportunity. The property boasts a desirable M1-1 zoning classification, offering versatility for various industrial uses. The warehouse features a substantial 13-foot ceiling height, providing ample vertical space for storage and operations. Access is convenient with two drive-in doors and two curb cuts, facilitating efficient loading and unloading. The property also benefits from 120 feet of street frontage, making it ideally suited for potential subdivision. Utilities include gas heat and a robust 400-amp electrical service. Its strategic location in close proximity to Queens Boulevard ensures easy access to major transportation arteries, including the Long Island Expressway (LIE) and the Brooklyn-Queens Expressway (BQE). Further enhancing its potential, comprehensive construction plans for a second-floor addition are available. The property is currently classified as Tax Class 4, with an annual property tax of $25,586. The APN is 2448-45. This is a rare opportunity to acquire a well-situated, functional warehouse with significant expansion potential in a thriving Queens location.
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
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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.