PROPERTY DESCRIPTION
The subject property consists of eight (8) docks, two (2) drive-ins and a 19' ceiling height. The land can also be developed as an industrial use building with 156,056 SF max buildable area. The property is close to the LIRR subway stops: Grand St, Jefferson St, Graham Ave., Morgan Ave., Montrose Ave., and commuter rail stations: Nostrand Ave, and Hunterspoint Ave with easy access to all major NYC/NJ airports, including La Guardia, JFK International, and Newark Liberty International.
The subject property is currently 100% occupied by two tenants. The tenants are on expiring leases which presents an opportunity to increase NOI through lease renewal, retenanting, or redevelopment for substantial risk-adjusted returns.
Property inspections are by appointment only. Please inquire within.
