3817 23rd St Long Island City, NY 11101-3617
Property profile & analytics
3817 23rd St Long Island City, NY 11101-3617
- Warehouses
- 14,955 SF
- 0.43 lot acres
Property ID
US63-0771529
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Dong Bo Corporation / Grocery & Convenience Store / Food Market
- Y S Trading Inc / Department Store
Property Details for 3817 23rd St
- Year built
- 1960
- Lot size
- 0.43 lot acres
- Property size
- 14,955 SF
- Zone code
- M1-3
- Property type
- Warehouses
- APN
- 00389-0001
- APU
- 3890001
Description
This exceptional investment opportunity presents a substantial 118,000-square-foot warehouse property ideally situated in the Dutch Kills neighborhood of Queens, New York. Located at 3817 23rd Street and 3818-3820 24th Street, this property encompasses two adjacent tax lots, offering significant development potential. The site boasts impressive street frontage, with 250 feet along 23rd Street and 50 feet along 24th Street. Currently zoned M1-3 with a 5.0 FAR, this allows for a total buildable area of 118,800 square feet. The property includes a 23,760-square-foot lot specifically zoned M1-3. This versatile zoning permits a wide range of development options, including hotels, large office spaces, or expansive industrial facilities. The property is currently occupied by month-to-month tenants. Its prime location in the thriving Dutch Kills area, coupled with its proximity to the 21st Street subway station, makes this an exceptionally attractive proposition for investors seeking a high-return development project. The asking price for this significant industrial property is $10,000,000. This is a rare opportunity to acquire a large-scale property in a rapidly developing area of Queens.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,905,000
- ML approach
- $6,265,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,062,000
Market price range: $2.72M - $6.11M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $4,230,000 Current use
- RETAIL STORES
- $8,780,000 Change: +107% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $5,640,000 Change: +33% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $5,580,000 Change: +32% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $5,015,000 Change: +18% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Long Island City
- County
- Queens
- State
- New York
- Longitude
- -73.9377
- Latitude
- 40.7558
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$104,165
$252,000
$732,150
$984,150
-
$560,000
$1,627,000
$2,187,000
