109-15 178th St - Industrial FOR SALE


Jamaica, NY 11433
$18,000,000 USD
516-927-2681
109-15 178th St, Jamaica, NY for Sale
$18,000,000 USD
Industrial - FOR SALE
1/11
null | Request Cap Rate

Jan '25


109-15 178th St
Jamaica, NY 11433


HIGHLIGHTS

  • 109-15 178th Street presents 4,100 square feet of yard space and over 51,000 square feet of pristine warehouse and office space in Jamaica, Queens.
  • Ideal for an owner/user or investor and offers 2,418 pallet positions, new roofing, LED lights, floor drains, racking, and proximity to JFK Airport.
  • Capitalize on two spacious floors of dedicated office space for staff and logistics planning, which includes high-end furniture and air conditioning.
  • Situated across from a 100,000-square-foot parking lot and a 10,000-square-foot storage building and benefit from partially abated property taxes.

OVERVIEW

109-15 178th Street is a freestanding distribution center in Jamaica, New York. The 51,324-square-foot building offers pristine warehouse and office space, located on a 1.18-acre site with 4,100 square feet of rear yard space. This property is ideal for an owner/user or investment purchase, and taxes are partially abated through the New York City Industrial Development Agency PILOT agreement. Building specs include a 22-foot ceiling height, three loading docks, a drive-in door, and heavy-amp power. The warehouse also has floor drains, a mezzanine, and 2,418 pallet positions. The occupant also benefits from a combined total of 6,009 square feet of furnished office space on the first and second floors. Recent upgrades include the installation of LED lighting and a new roof membrane. 109-15 178th Street is adjacent to a 100,000-square-foot parking lot and a 10,000-square-foot storage facility that's available separately. The property sits just off the 180th Street and Merrick Boulevard corridors, within 15 minutes of John F Kennedy International Airport. A robust labor force of over 239,100 warehouse employees resides within a 10-mile radius of the building.

FOR SALE DETAILS

PRICE

$18,000,000 USD

PRICE/SF

$351 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

UTILITIES

Gas, Sewer

CLEAR CEILING HT

22 Ft

DOCKS

3

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.18

LAND SF

51,401

ZONING

M-1

APN/PARCEL ID

10336-0160

ASK ABOUT THIS PROPERTY

James ParnesSchacker Real Estate Corp.More Info
516-927-2681

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James ParnesSchacker Real Estate Corp.More Info
516-927-2681

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.