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Office/Warehouse LIC-Astoria 36-40 37th St 30,000 SF 8% Leased Flex Building Long Island City, NY 11101 For Sale
Investment Highlights
- Investors can capitalize on this rare cash-flowing, fully leased industrial and flex property perfectly positioned in Long Island City.
- Surrounded by a plethora of retailers and conveniences such as Dunkin’, Big Peach BBQ Queens, and many other local businesses.
- Area demographics bode well for investors with a strong workforce of 58,598 employees in goods-producing industries within 5 miles.
- Ideally situated with logistics in mind just off Northern Boulevard with access to LaGuardia Airport, Interstate 495, and Manhattan.
- Commuting to and from the property is a breeze for employees with multiple subway stops, with a few blocks connecting around the city.
Executive Summary
This investment offers buyers a rare chance to acquire a fully leased property with a robust and varied tenant mix in the dynamic, rapidly growing LIC/Astoria area. The 27,500-square-foot asset spans three floors and is leased to multiple tenants. This provides stable income and minimizes vacancy risk. With features such as 12- to 14-foot clear heights, ground-floor drive-in access, elevator service, fireproof construction, comprehensive sprinkler coverage, gas heating, and 600 amps of electrical capacity, the building is equipped for industrial and commercial operations. It is situated within an M1-1 zoning district. This premier property also enjoys strategic placement in both a designated Opportunity Zone and IBZ, which affords additional incentives and growth prospects. The site is ideally suited for warehousing, distribution, biotechnology, research and development, medical facilities, creative industries, and office use. Purchasers can benefit from established leases and capitalize on future vacancies by leasing out at market rates.
36-40 37th Street offers an unparalleled logistics advantage in the heart of Long Island City. Ideally located just moments from the 59th Street/Queensboro Bridge and Manhattan, this prime property is steps away from the E, F, M, and R subway lines, providing employees and tenants with effortless connectivity across New York City. With its proximity to Northern Boulevard and a network of major routes, the site guarantees seamless access to the city’s boroughs and the wider tri-state area. Whether for distributing goods or daily commuting, this centrally positioned asset ensures efficient operations and convenience, making it a standout choice for businesses seeking a top-tier location.
This Long Island City site is strategically located within New York City's robust infill industrial market. It is particularly attractive for businesses that want to be close to the metro area’s 15 million residents and benefit from efficient last-mile delivery. The Port of New York and New Jersey offers enhanced container capacity, and essential air cargo access is available through JFK, LaGuardia, and Newark airports. These transportation networks, combined with a concentrated consumer base, drive strong and sustained demand for industrial space. As a result, investors have compelling opportunities to capitalize on ongoing market growth.
Sale Flyer
Property Facts
| Sale Type | Investment or Owner User | Year Built/Renovated | 1931/2006 |
| Property Type | Flex | Parking Ratio | 4/1,000 SF |
| Building Class | B | Clear Ceiling Height | 18’ |
| Lot Size | 0.23 AC | No. Dock-High Doors/Loading | 1 |
| Rentable Building Area | 30,000 SF | No. Drive In / Grade-Level Doors | 1 |
| No. Stories | 3 | Opportunity Zone |
Yes
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| Zoning | M1-1 - Light industrial | ||
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Building Class | B |
| Lot Size | 0.23 AC |
| Rentable Building Area | 30,000 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1931/2006 |
| Parking Ratio | 4/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | M1-1 - Light industrial |
Amenities
- Bus Line
- Metro/Subway
- Security System
- Storage Space
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Transportation and Warehousing
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Jan 0000
Quality Transportation is a logistics consulting and courier services company headquartered in Long Island City, New York. Founded in 1983, the company provides time-critical transportation solutions including same-day delivery, on-demand pickups, messenger services, facility management support, and scheduled trucking operations. In 1998, the company was acquired by Transportation Consultants of America, which expanded its operational network across the Northeast and Southeast. Quality Transportation serves a wide geographic footprint, including New York, Florida, Maine, New Hampshire, and Massachusetts, supported by a national partner network. Its headquarters and primary dispatch center are located on 37th Street in Long Island City, where customer service operates continuously. The company is privately held and describes itself as a neighborhood courier service with broader regional reach, supported by a senior management team with decades of industry experience.
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- Retailer
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$9.99
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Lorem Ipsum
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Jan 0000
Shop from an extensive collection of New York City-regulated, compliant, and durable signs designed for inspection success. These signs are crafted from high-quality materials such as styrene, aluminum, and coroplast, ensuring longevity and resilience against the elements. With over two decades of expertise in the sign industry, the company is committed to supporting the success of your project. Their custom signs are ideal for site safety managers, construction superintendents, and project and property managers seeking project approval or TCO. Let them assist in creating the perfect signs tailored to your project's needs.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Transportation and Warehousing | - | - | - | Jan 0000 | |
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Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
About Northwest Queens
This area of Queens is 15 minutes from both midtown Manhattan and LaGuardia Airport, and has undergone a huge transformation in recent years and is unrecognizable from the neighborhood it was 15 years ago. This puts pressure on less central warehouse properties, as the land they sit on is potentially more valuable for residential development. Supply has started to decline as less efficient properties are converted, and more sales near the waterfront are going to redevelopment projects.
However, industrial facilities are highly sought after in the area for last-mile delivery, which has grown substantially in recent years as e-commerce has taken an increasing share of retail sales. Well-located properties with easy access to Manhattan via proximity to Interstate 495, the Midtown Tunnel, and the Queensboro Bridge have benefited from this trend.
Investors have shown substantial interest in this part of Queens in recent years, and prices have risen to all time highs.
Demographics
Regional Accessibility
Nearby Amenities
Restaurants |
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|---|---|---|---|
| Five Guys | - | - | 4 min walk |
| Dunkin' | Cafe | - | 4 min walk |
| Subway | - | - | 5 min walk |
| Panera Bread | - | - | 6 min walk |
| Starbucks | Cafe | $ | 5 min walk |
| Dunkin' | Cafe | - | 6 min walk |
Retail |
||
|---|---|---|
| Regal Cinemas | Cinema | 6 min walk |
| Dollar General | Dollar/Variety/Thrift | 9 min walk |
| The UPS Store | Business/Copy/Postal Services | 9 min walk |
| Powerhouse Gym | Fitness | 11 min walk |
| Dollar Tree | Dollar/Variety/Thrift | 11 min walk |
| Planet Fitness | Fitness | 14 min walk |
| United States Postal Service | Business/Copy/Postal Services | 14 min walk |
| The Vitamin Shoppe | Health Food | 15 min walk |
Hotels |
|
|---|---|
| Home2 Suites by Hilton |
115 rooms
3 min drive
|
| Courtyard |
160 rooms
4 min drive
|
| Radisson by Choice |
381 rooms
4 min drive
|
| BW Signature Collection |
180 rooms
4 min drive
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| DoubleTree by Hilton |
247 rooms
5 min drive
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| Hyatt Place |
108 rooms
4 min drive
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| Trademark Collection by Wyndham |
113 rooms
5 min drive
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| Four Seasons |
219 rooms
8 min drive
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| Hilton |
1,878 rooms
10 min drive
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| JW Marriott |
528 rooms
9 min drive
|
Property Taxes
| Parcel Number | 00636-0043 | Improvements Assessment | $1,517,670 |
| Land Assessment | $180,000 | Total Assessment | $1,697,670 |
Property Taxes
Sale Advisors
Sale Advisors
Brendan Burke, Associate Broker
Brendan was born and raised in Rockville Centre, Long Island and recently moved back with his wife and newborn son.
With over a decade of experience Brendan has learned the importance of expert market knowledge, customer service, hard work, and dedication in building long term relationships. In doing so, Brendan successfully completed more than 500 transactions totaling approx. $800,000,000 in aggregate value.
Paul Bralower, Associate Broker
With over a decade of experience, Paul has closed more than 300 sale and lease transactions with an aggregate value of over half a billion dollars. Dedication to customer service, superior market knowledge and placing an emphasis on developing long term relationships, has positioned Paul as one of the industry leading brokers in the outer boroughs. Paul has the local market knowledge and experience to service the most challenging New York City requirements or assignments.
Paul is a graduate of Marist College where he studied finance and marketing and holds a Bachelors Degree in business administration.
George Margaronis, Partner
Decio Baio, Partner
James Ege, Salesperson
Contacts
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Brendan Burke -
Paul Bralower -
George Margaronis -
Decio Baio -
James Ege -
Pinnacle Realty of New York LLC
Presented by
Office/Warehouse LIC-Astoria | 36-40 37th St
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