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Vacant Queens Industrial Opportunity 3718 57th St 5,500 SF Vacant Industrial Building Online Auction Sale Woodside, NY 11377
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Investment Highlights
- Own 3718 57th Street, a turnkey industrial facility with built-in office space, well-suited for a variety of different future businesses.
- Ideal asset for investors seeking lease-up potential and businesses looking for a well-located facility to support daily operations.
- Buyers will want to capitalize on the top-notch demographics with a robust workforce of nearly 135,000 employees within a 2-mile radius.
- Strategically located in Queens near Interstate 278, LaGuardia and JFK airports, with exceptional access to New York City’s major transit routes.
- Quick access to retailers and restaurants like Dunkin’, Dollar Tree, Five Guys, McDonald’s, Staples, Best Buy make the location desirable.
Executive Summary
Buyers are presented with a turnkey opportunity at 3718 57th Street in Queens, delivered vacant for immediate occupancy or lease-up.
The 5,500-square-foot, two-story industrial property features a highly functional layout. It includes 2,500 square feet of warehouse space with 20-foot ceilings and an oversized drive-in door, 2,000 square feet of finished office space with a conference room, executive office, private bath with shower, kitchen area, and outdoor space, plus more than 1,000 square feet of mezzanine space for additional office or storage use. The property is fully air-conditioned with HVAC on both levels, features one passenger elevator, and benefits from fireproof construction. Originally built in 1946 and renovated in 2009, it has been well-maintained and is well-suited for light manufacturing, fabrication, assembly, or other industrial users with office needs. For investors, the vacancy creates a compelling lease-up opportunity at market rates, while owner/users can tailor the space to fit their business goals.
Woodside offers investors and owner/users a strong industrial location within the New York market, supported by exceptional connectivity and everyday convenience. Surrounded by major transportation routes, including the Brooklyn-Queens Expressway, Long Island Expressway, Northern Boulevard, and Queens Boulevard, the property is well-positioned for efficient access throughout the region. Its location between LaGuardia and JFK airports further enhances its appeal for logistics, air cargo, and other time-sensitive business uses. Employees also benefit from convenient public transit access via the 7 train, the M, R, E, and F subway lines, and the Long Island Rail Road’s Woodside station, providing direct connections to Manhattan and throughout Queens. Nearby retailers and dining options such as Chick-fil-A, Taco Bell, Starbucks, 7-Eleven, and Jiffy Lube add to the area’s day-to-day convenience.
Positioned in the Northwest Queens Industrial Submarket, the property offers buyers and investors exposure to one of the New York metro area’s largest industrial hubs, with roughly 34 million square feet of inventory. Market fundamentals remain strong, with 263,000 square feet of net absorption and 305,000 square feet of new leasing activity which is more than 80% above the five-year quarterly average and the highest level since the first quarter of 2020. Asking rents average $31 per square foot, a 35% premium over the metro average of $23 per square foot, and rent growth is expected to accelerate in the second half of 2026 in line with the broader market. The Northwest Queens Industrial Submarket has seen a submarket sale price/SF of $472.
Property tours are available by appointment only. Please contact the listing broker to schedule.
The 5,500-square-foot, two-story industrial property features a highly functional layout. It includes 2,500 square feet of warehouse space with 20-foot ceilings and an oversized drive-in door, 2,000 square feet of finished office space with a conference room, executive office, private bath with shower, kitchen area, and outdoor space, plus more than 1,000 square feet of mezzanine space for additional office or storage use. The property is fully air-conditioned with HVAC on both levels, features one passenger elevator, and benefits from fireproof construction. Originally built in 1946 and renovated in 2009, it has been well-maintained and is well-suited for light manufacturing, fabrication, assembly, or other industrial users with office needs. For investors, the vacancy creates a compelling lease-up opportunity at market rates, while owner/users can tailor the space to fit their business goals.
Woodside offers investors and owner/users a strong industrial location within the New York market, supported by exceptional connectivity and everyday convenience. Surrounded by major transportation routes, including the Brooklyn-Queens Expressway, Long Island Expressway, Northern Boulevard, and Queens Boulevard, the property is well-positioned for efficient access throughout the region. Its location between LaGuardia and JFK airports further enhances its appeal for logistics, air cargo, and other time-sensitive business uses. Employees also benefit from convenient public transit access via the 7 train, the M, R, E, and F subway lines, and the Long Island Rail Road’s Woodside station, providing direct connections to Manhattan and throughout Queens. Nearby retailers and dining options such as Chick-fil-A, Taco Bell, Starbucks, 7-Eleven, and Jiffy Lube add to the area’s day-to-day convenience.
Positioned in the Northwest Queens Industrial Submarket, the property offers buyers and investors exposure to one of the New York metro area’s largest industrial hubs, with roughly 34 million square feet of inventory. Market fundamentals remain strong, with 263,000 square feet of net absorption and 305,000 square feet of new leasing activity which is more than 80% above the five-year quarterly average and the highest level since the first quarter of 2020. Asking rents average $31 per square foot, a 35% premium over the metro average of $23 per square foot, and rent growth is expected to accelerate in the second half of 2026 in line with the broader market. The Northwest Queens Industrial Submarket has seen a submarket sale price/SF of $472.
Property tours are available by appointment only. Please contact the listing broker to schedule.
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Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
Market Analytics Click Here to Access
Property Facts
| Sale Type | Investment | Rentable Building Area | 5,500 SF |
| Sale Condition | Auction Sale | No. Stories | 2 |
| Type of Ownership | Fee Simple | Year Built/Renovated | 1946/2009 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Distribution | Clear Ceiling Height | 20’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 0.40 AC | Parcel Number | 01211-0019 |
| Zoning | M1-1 - M1-1: Light manufacturing district allowing industrial, warehouse, and select commercial uses with low-density development. | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | C |
| Lot Size | 0.40 AC |
| Rentable Building Area | 5,500 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1946/2009 |
| Tenancy | Single |
| Clear Ceiling Height | 20’ |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | M1-1 - M1-1: Light manufacturing district allowing industrial, warehouse, and select commercial uses with low-density development. |
| Parcel Number | 01211-0019 |
Amenities
- Mezzanine
- Security System
- Signage
- Roof Terrace
- Storage Space
- Air Conditioning
- Smoke Detector
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Heating - Electric
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
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
City
Population
Miles
Drive Time
New York
8,398,748
10
0 h 24 m
Philadelphia
1,584,138
99
2 h 9 m
Boston
694,583
208
4 h 28 m
Washington
702,455
233
4 h 51 m
Columbus
892,533
564
10 h 40 m
Detroit
672,662
625
11 h 46 m
Access and Labor Force
10 Miles
Total Population
8,170,102
Total Labor Force
4,221,295
Unemployment Rate
5.05%
Median Household Income
$80,702
Warehouse Employees
392,876
High School Education Or Higher
84.80%
Sale Advisors
Sale Advisors
Josh Kleinberg, Executive Vice President
With close to three decades of experience in the commercial real estate industry, Joshua is a seasoned professional specializing in sales and leasing within the outer boroughs of New York City. His expertise lies in industrial, office, and development properties, making him a valuable asset in the highly competitive real estate market. Recently joining Colliers as an Executive Vice President, Joshua brings a wealth of knowledge and a proven track record of success. His deep understanding of the local market dynamics, coupled with his strong negotiation skills and extensive network, enables him to deliver exceptional results for his clients. Joshua's commitment to providing personalized and strategic solutions, combined with his unwavering dedication to professionalism, sets him apart as a trusted advisor in the field.
Justin Maiorano, Associate Vice President
Justin Maiorano is currently a Director at Colliers International, Long Island and specializes in industrial leasing and sales. Prior to joining the firm, he was a legal assistant at the law offices of Keenan, Powers & Andrews, P.C. While there he gained extensive knowledge of real estate transactions, estate planning, and accounting practices. Justin graduated with honors from Stony Brook University receiving a bachelor’s degree in political science.
Justin has volunteered and contributed to the Suffolk County Coalition Against Domestic Violence and Long Island Cares.
Justin has volunteered and contributed to the Suffolk County Coalition Against Domestic Violence and Long Island Cares.
Steven Sessa, Senior Associate
Steven graduated from the Willumstad School of Business at Adelphi University with a BA in Finance.
Upon graduation, Steven worked at GCP Capital Group which is regarded as one of the most active and effective commercial real estate financing firms in the country.
With a background in finance and his sales experience from his time at GCP Capital Mortgage Group has prepared him to represent Colliers, specializing in Industrial Leasing and Sales for both tenant and landlord representation.
During his years at Adelphi, Steve’s drive and dedication paid off as he was a division 2 athlete in baseball.
As Steven dives into the real estate world and moves into his new career with Colliers, the same drive and dedication he had at Adelphi is proving to make him a very welcomed member of the Colliers industrial team.
He is a member of CIBS which allows him to actively participate with other colleagues and increase his knowledge of the Long Island real estate market .
Steven interned at BFCU where he was privileged to work with his company which sponsored the Long Beach Pride Parade, Jones Beach Air Show, Long Island Ducks games and other charity events.
As someone who feels it is important to give back, he is part of the Long Island Alzheimer’s Foundation.
Upon graduation, Steven worked at GCP Capital Group which is regarded as one of the most active and effective commercial real estate financing firms in the country.
With a background in finance and his sales experience from his time at GCP Capital Mortgage Group has prepared him to represent Colliers, specializing in Industrial Leasing and Sales for both tenant and landlord representation.
During his years at Adelphi, Steve’s drive and dedication paid off as he was a division 2 athlete in baseball.
As Steven dives into the real estate world and moves into his new career with Colliers, the same drive and dedication he had at Adelphi is proving to make him a very welcomed member of the Colliers industrial team.
He is a member of CIBS which allows him to actively participate with other colleagues and increase his knowledge of the Long Island real estate market .
Steven interned at BFCU where he was privileged to work with his company which sponsored the Long Beach Pride Parade, Jones Beach Air Show, Long Island Ducks games and other charity events.
As someone who feels it is important to give back, he is part of the Long Island Alzheimer’s Foundation.
About the Auction Technology
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Vacant Queens Industrial Opportunity | 3718 57th St
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