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41-23 Murray Street 41-23 Murray St 26,800 SF 100% Leased Industrial Building Flushing, NY 11355 For Sale
Executive Summary
41-23 Murray Street presents a rare opportunity to acquire an underbuilt two-story industrial building on a 13,514 SF lot in Murray Hill, Queens — steps from the Murray Hill LIRR station, providing direct service into Manhattan and positioning the site within one of Queens’ most transit-accessible residential submarkets.
FLEXIBLE CANVAS FOR CREATIVE MIXED-USE PROGRAMMING
Located in Murray Hill, Queens, a dense, amenity-rich neighborhood with a large and growing population, this site offers a developer three distinct paths to value creation through a development program anchored by 27,028 SF of community facility space, a UAP-enhanced mixed-income rental component or for-sale condominium project.
UNENCUMBERED OPPORTUNITY
The property will be delivered fully vacant at closing, allowing the incoming developer the ability to commence demolition and construction immediately upon receipt of permits, with no tenant relocation costs, lease buyouts, or occupancy disputes to navigate.
TR ANSIT-CONNECTED, CULTURALLY ANCHORED QUEENS RESIDENTIAL MARKET
Murray Hill benefits from proximity to Flushing, a major cultural and commercial hub, reinforcing consistent residential demand driven by transit connectivity, density, and a deep local community base. Located just a 4-minute walk from the LIRR Murray Hill Station, commuters can find themselves in Grand Central Station in 32 minutes. Additionally, the property sits directly across the street from P.S. 022 Thomas Jefferson, further enhancing its appeal to families seeking convenient access to local education.
Property Facts
| Sale Type | Investment | Rentable Building Area | 26,800 SF |
| Property Type | Industrial | No. Stories | 2 |
| Property Subtype | Warehouse | Year Built/Renovated | 1944/2008 |
| Building Class | B | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 0.36 AC | ||
| Zoning | M1-1 | ||
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.36 AC |
| Rentable Building Area | 26,800 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1944/2008 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | M1-1 |
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- John K English
- Professional, Scientific, and Technical Services
- -
- -
- -
- Metro Real Estate Inc
- Real Estate
- -
- -
- -
- Paradigm Equity Group LLC
- Finance and Insurance
- -
- -
- -
-
- Accommodation and Food Services
- -
- -
- -
Rajbhog Sweets & Snacks is a pioneer in the industry, making the finest Indian sweets and snacks in America. They bring the authentic taste of The East to the United States. "Rajbhog", as the word depicts, means kings (or Maharajas) offerings to the Gods. Traditionally, only the finest quality sweets were made as an offering for this holy event. You will find that Rajbhog Sweets and Snacks are, indeed, fit for a king! The "Rajbhog" concept started over two decades ago in a small sweet and snack shop located in Jackson Heights, New York. The owners and originators, Ajit and Lata Mody had one goal, to provide the Indian Community with authentic, wholesome sweets and snacks. Keeping this goal in mind, Ajit and Lata, continue to create tasty wholesome delicacies by using the finest ingredients. All Rajbhog sweets are made using pure ghee (butter) & mawa (fresh milk), which gives the sweets a rich and flavorful taste.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| John K English | Professional, Scientific, and Technical Services | - | - | - | ||
| Metro Real Estate Inc | Real Estate | - | - | - | ||
| Paradigm Equity Group LLC | Finance and Insurance | - | - | - | ||
|
|
Accommodation and Food Services | - | - | - |
Property Taxes
| Parcel Number | 05326-0001 | Improvements Assessment | $769,410 |
| Land Assessment | $243,450 | Total Assessment | $1,012,860 |
Property Taxes
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41-23 Murray Street | 41-23 Murray St
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