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Investment Highlights

  • M1-1 property

Executive Summary

EXECUTIVE SUMMARY
Colliers has been exclusively retained to facilitate the sale of 36-01 37th Avenue. This property is located in the highly desirable Long Island City neighborhood of Queens and occupies a prominent blockfront on 37th Avenue between 36th
and 37th Streets, just one block from Northern Boulevard. The property is set on a 28,091 square foot lot and features a 4-story, approximately 65,500 square foot mixed-use building, offering industrial, office, and retail opportunities.
The site benefits from excellent transportation options, being close to Northern Boulevard, Grand Central Parkway, Queens Boulevard, and the Long Island Expressway. It is also just steps away from the 36th Street Subway Station, serviced by the E, M, and R trains, and the 39th Avenue-Dutch Kills Subway Station, serviced by the N and W trains. With its block-through access and versatile usage potential, 36-01 37th Avenue represents a remarkable opportunity in one of New York City’s fastest-growing neighborhoods.
Key Features:
28,091 (approx.) Square Foot Lot
65,500 (approx.) Total Square Feet
9 Drive-In Doors
Updated Freight Elevator
Refurbished Passenger Elevator
Natural Light
High Ceilings
Main Street Exposure

Property Facts

Sale Type Investment
Property Type Industrial
Property Subtype
Warehouse
  • Flex Research & Development
  • Flex Showroom
  • OfficeLoft Creative Space
Building Class C
Lot Size 0.61 AC
Rentable Building Area 65,500 SF
No. Stories 4
Year Built 1950
Clear Ceiling Height 14’
No. Drive In / Grade-Level Doors 9
Opportunity Zone Yes
Zoning M1-1 - Manufacturing

Utilities

  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas
Exceptionally walkable
90/100
Fairly drivable
50/100
Exceptional public transit
100/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
00636-0001
Land Assessment
$632,250
Improvements Assessment
$2,258,280
Total Assessment
$2,890,530
  • Listing ID: 30015151

  • Date on Market: 11/9/2023

  • Last Updated:

  • Address: 36-01 37th Ave, Long Island City, NY 11101

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