Log In/Sign Up
Your email has been sent.
23-01 Borden ave 27,405 SF Retail Building Queens, NY 11101 $18,800,000 ($686.01/SF) 3.27% Cap Rate
Executive Summary
Long Island City Warehouse & Industrial Investment Opportunity | 23-01 Borden Ave
Rare opportunity to acquire a large-scale warehouse and industrial property in Long Island City. The property sits on approximately 31,500 SF of land and features approximately 27,405 SF of building area, with a lot size of approximately 175' × 180' and building dimensions of approximately 175' × 157'.
The property is located in an M3-2 industrial zoning district and is currently occupied by multiple tenants, providing established rental income and an attractive investment profile.
Property Highlights:
Approximately 31,500 SF lot
Approximately 27,405 SF building
Approximately 175' × 180' lot dimensions
Approximately 175' × 157' building dimensions
M3-2 industrial zoning
Multi-tenant industrial/warehouse property
Established tenancy and existing rental income
Convenient Long Island City location
Suitable for warehouse, logistics, industrial, and other permitted uses, subject to zoning
Strong transportation and commercial infrastructure
Asking Price: $18,800,000
Current Cap Rate: Approximately 3.27%
An excellent opportunity for investors seeking a well-located industrial asset with existing tenancy and long-term investment potential in Long Island City.
Rare opportunity to acquire a large-scale warehouse and industrial property in Long Island City. The property sits on approximately 31,500 SF of land and features approximately 27,405 SF of building area, with a lot size of approximately 175' × 180' and building dimensions of approximately 175' × 157'.
The property is located in an M3-2 industrial zoning district and is currently occupied by multiple tenants, providing established rental income and an attractive investment profile.
Property Highlights:
Approximately 31,500 SF lot
Approximately 27,405 SF building
Approximately 175' × 180' lot dimensions
Approximately 175' × 157' building dimensions
M3-2 industrial zoning
Multi-tenant industrial/warehouse property
Established tenancy and existing rental income
Convenient Long Island City location
Suitable for warehouse, logistics, industrial, and other permitted uses, subject to zoning
Strong transportation and commercial infrastructure
Asking Price: $18,800,000
Current Cap Rate: Approximately 3.27%
An excellent opportunity for investors seeking a well-located industrial asset with existing tenancy and long-term investment potential in Long Island City.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
27,405 SF
Building Class
C
Year Built/Renovated
1931/1995
Price
$18,800,000
Price Per SF
$686.01
Cap Rate
3.27%
NOI
$614,760
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.63 AC
Opportunity Zone
Yes
Zoning
M3 - districts are usually located near the waterfront and buffered from residential areas
Exceptionally walkable
90/100
Moderately drivable
70/100
Exceptional public transit
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 00105-0001 | Improvements Assessment | $539,010 |
| Land Assessment | $850,500 | Total Assessment | $1,389,510 |
Property Taxes
Parcel Number
00105-0001
Land Assessment
$850,500
Improvements Assessment
$539,010
Total Assessment
$1,389,510
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
23-01 Borden ave