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1957-1959 49th St 16,000 SF 100% Leased Office Building Long Island City, NY 11105 $7,250,000 ($453.13/SF) 5.38% Cap Rate



EXECUTIVE SUMMARY
Ed Aydag of Mae Equities is proud to present newly built 16,000 SF flex office & warehouse building located in 1957 49th st in Astoria Queens. The building has 50 feet of frontage on 49th street. A new 4 story building with additional 2000 sf of outdoor space with expansive views of the city. The large windows through-out the building offer tremendous natural light. The building is equipped with an elevator and 2 sets of stairs leading to all four floors. The 5000 sf warehouse has a ceiling height clearance of 14+ feet, and a Drive in Gate with 12 foot clearance and is fully equipped with full sprinkler system and heating. The second floor is approximately 4000 sf with a 1000 sf outdoor space, the 3rd floor is approximately 4000sf and 4th floor is 3000sf with an additional 1000 sf outdoor space with spectacular views of the city. The upper three floors are loft like open space fully equipped with central heating and cooling, prewired for phone and Data through-out. Video intercom system on all units.
Transportation and convenient access to Grand Central Parkway and The BQE and close proximity to LaGuardia Airport, and minutes away from NYC and all the boroughs.
- Offices with Outdoor patios with City view
- 1 Drive-ins w 14' ceiling
- Passenger Elevator
- Central Heating and Cooling system
- 800 AMP, 3 phase SERVICE
- Four 200 AMP, 3 phase service for each floor
- Special Features
- Occupancy Ready
Transportation and convenient access to Grand Central Parkway and The BQE and close proximity to LaGuardia Airport, and minutes away from NYC and all the boroughs.
- Offices with Outdoor patios with City view
- 1 Drive-ins w 14' ceiling
- Passenger Elevator
- Central Heating and Cooling system
- 800 AMP, 3 phase SERVICE
- Four 200 AMP, 3 phase service for each floor
- Special Features
- Occupancy Ready
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
16,000 SF
Building Class
B
Year Built/Renovated
2007/2018
Price
$7,250,000
Price Per SF
$453.13
Cap Rate
5.38%
NOI
$390,000
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
4,000 SF
Building FAR
3.19
Lot Size
0.11 AC
Zoning
M1-1 - Light industrial with offices, hotels, and most retail uses permitted
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Walk Score®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 00755-0007 | Improvements Assessment | $1,063,350 |
| Land Assessment | $168,750 | Total Assessment | $1,232,100 |
PROPERTY TAXES
Parcel Number
00755-0007
Land Assessment
$168,750
Improvements Assessment
$1,063,350
Total Assessment
$1,232,100
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1957-1959 49th St
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