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3108 Northern Blvd - NYC Department of Transportation 38,210 SF Industrial Condo Unit Offered at $25,473,000 in Long Island City, NY 11101
Investment Highlights
- BRAND NEW 21-YEAR LEASE | 10% RENTAL INCREASES
- WAREHOUSE/STORAGE SPACE FOR NYC’S DEPARTMENT OF TRANSPORTATION
- MISSION CRITICAL ASSET | NYC DOT
- INVESTMENT GRADE TENANT | CITY OF NEW YORK: AA (S&P)
- 2022 CONSTRUCTION & RECENT RENOVATION
- NYC MSA | LARGEST METRO AREA IN THE U.S.
Executive Summary
Any CAM or expenses paid for by LL to be submitted to and reimbursed by tenant within 45 days.
Data Room Click Here to Access
1 Unit Available
Unit &Mezzanine
| Unit Size | 38,210 SF | Sale Type | Investment |
| Price | $25,473,000 | Cap Rate | 4.50% |
| Price Per SF | $666.66 | NOI | $1,146,300 |
| Condo Use | Industrial |
| Unit Size | 38,210 SF |
| Price | $25,473,000 |
| Price Per SF | $666.66 |
| Condo Use | Industrial |
| Sale Type | Investment |
| Cap Rate | 4.50% |
| NOI | $1,146,300 |
Description
Lower Level: 30,000 SF
Mezzanine: 8,210 SF
Dept. of Transportation approved site for Fleet Storage and HazMat Material storage.
NNN Lease
Sale Notes
Exclusively Listed By Christopher Guida | Director | O: 917.451. 8294 | C: 347.374.1712 cguida@tradenetlease.com
Camille Renshaw | CEO & Co-Founder | 646.770.0659 | crenshaw@tradenetlease.com
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 38,210 SF | Floors | 9 |
| Property Type | Flex (Condo) | Typical Floor Size | 4,246 SF |
| Property Subtype | Year Built | 2022 | |
| Building Class | B | Lot Size | 0.42 AC |
| Zoning | M1-5 | ||
| Total Building Size | 38,210 SF |
| Property Type | Flex (Condo) |
| Property Subtype | |
| Building Class | B |
| Floors | 9 |
| Typical Floor Size | 4,246 SF |
| Year Built | 2022 |
| Lot Size | 0.42 AC |
| Zoning | M1-5 |
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Exceptionally walkable
90/100
Very drivable
80/100
Exceptional public transit
100/100
Moderately bikeable
60/100
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3108 Northern Blvd - NYC Department of Transportation
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