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Investment Highlights
- Owner-User Opportunity – Ideal for warehouse, showroom, and outdoor industrial users with immediate functionality.
- In-Place Income – Partial rental income from Jungle Adventure through 2027 helps offset carrying costs.
- Value-Add Potential – Opportunity to lease vacant space and increase annual NOI.
- Vacant at Closing – Building and yard delivered vacant for immediate owner occupancy.
- 15,000 SF Industrial Yard – Rare improved outdoor storage and parking yard in the Whitestone/College Point market.
- Future Redevelopment Upside – Long-term retail repositioning potential on a visible, high-traffic commercial corridor.
Executive Summary
CASH FLOWING WAREHOUSE — TENANTED WITH FAMILY ENTERTAINMENT BUSINESS
Full-height warehouse with 40’ spans occupied by Jungle Adventure (family entertainment), approx. 4,200 SF. Lease thru 10/31/2027 at ~$11,400/month, with SF-prorated expense reimbursement. 5-year renewal option after the lease expires on 10/31/27.
VACANT WAREHOUSE/SHOWROOM + OUTDOOR YARD
Two-story warehouse/showroom (approx. 3,784 SF) plus the balance of the 15,000 SF lot as outdoor industrial yard, currently occupied by Dean Masonry Supply Inc. (property’s owner-user), who will vacate and deliver this component vacant at closing.
Full-height warehouse with 40’ spans occupied by Jungle Adventure (family entertainment), approx. 4,200 SF. Lease thru 10/31/2027 at ~$11,400/month, with SF-prorated expense reimbursement. 5-year renewal option after the lease expires on 10/31/27.
VACANT WAREHOUSE/SHOWROOM + OUTDOOR YARD
Two-story warehouse/showroom (approx. 3,784 SF) plus the balance of the 15,000 SF lot as outdoor industrial yard, currently occupied by Dean Masonry Supply Inc. (property’s owner-user), who will vacate and deliver this component vacant at closing.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $5,200,000 | Lot Size | 0.34 AC |
| Price Per SF | $650 | Rentable Building Area | 8,000 SF |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Industrial | Year Built | 1945 |
| Property Subtype | Warehouse | Clear Ceiling Height | 14’ |
| Building Class | B | ||
| Zoning | R3-2, R2, C2-2 | ||
| Price | $5,200,000 |
| Price Per SF | $650 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.34 AC |
| Rentable Building Area | 8,000 SF |
| No. Stories | 2 |
| Year Built | 1945 |
| Clear Ceiling Height | 14’ |
| Zoning | R3-2, R2, C2-2 |
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Exceptionally walkable
90/100
Moderately drivable
60/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 04505-0053 | Improvements Assessment | $398,160 |
| Land Assessment | $279,000 | Total Assessment | $677,160 |
Property Taxes
Parcel Number
04505-0053
Land Assessment
$279,000
Improvements Assessment
$398,160
Total Assessment
$677,160
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