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25-20 39th Ave 9,376 SF Office Building Long Island City, NY 11101 $4,250,000 ($453.28/SF) 7.12% Cap Rate
EXECUTIVE SUMMARY
Sale also includes 28-15 39th Avenue. Entire building is currently owner occupied and will be delivered vacant. Property consists of multiple partitioned offices + 15 car garage.
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
9,376 SF
Building Class
C
Year Built
1960
Price
$4,250,000
Price Per SF
$453.28
Cap Rate
7.12%
NOI
$302,600
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
3,125 SF
Building FAR
0.38
Lot Size
0.57 AC
Opportunity Zone
Yes
Zoning
M1-3D, Queens (O5) - Light manufacturing zone with development options
Parking
15 Spaces (1.6 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Number | 00396-0024 | Improvements Assessment | $405,900 (2025) |
| Land Assessment | $90,000 (2025) | Total Assessment | $495,900 (2025) |
PROPERTY TAXES
Parcel Number
00396-0024
Land Assessment
$90,000 (2025)
Improvements Assessment
$405,900 (2025)
Total Assessment
$495,900 (2025)
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25-20 39th Ave
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