11-11 44th Rd - Loft/Creative Space FOR SALE


Long Island City, NY 11101
$10,950,000 USD
516-310-0622
11-11 44th Rd, Long Island City, NY for Sale
$10,950,000 USD
Loft/Creative Space - FOR SALE
1/29
null | 5.7% Cap Rate

11-11 44th Rd
Long Island City, NY 11101


HIGHLIGHTS

  • This property is situated in the soon to be a very burgeoning area of Long Island City's Hunters Point, known for its significant growth potential.
  • Great sunlight with very large windows
  • The spacious open lofts can be easily divided or combined with adjacent units, allowing for flexible design options and the creation of larger spaces

OVERVIEW

Your Space New York has been retained on an exclusive basis to arrange for the sale of 11-11 44th Road Long Island City, Hunters Point, Queens. This exceptional investment opportunity, in the rapidly developing Hunters Point area of Long Island City. The property consists of 12 loft units each a with private bathroom, and 2 retail units on the ground floor. There is an indoor garage with 10 parking spaces. The property is in the process of being rezoned, and it is positioned for significant growth. The building features high ceilings and expansive floor-to-ceiling windows. These lofts are highly desirable, with the building boasting an exceptionally low vacancy rate, low taxes, with a tax abatement. The building is also ideal for owner-user. This property represents a compelling investment opportunity. * The building was built from the ground up for expansion of commercial or residential. *City of Yes Development package got a "yes" from the city council on the December 6th City of Yes alone with The OneLIC Rezoning process to be finalized in 2025 to M2-3A zone. Other possibilities may be available like office to residential, mixed use. Check with zoning specialist. <br> Contact Exclusive Broker Your Space New York Craig Stulberger, for building setup

FOR SALE DETAILS

PRICE

$10,950,000 USD

PRICE/SF

$720 USD /SF

CAP RATE

5.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

M1-4 to M2-3A

APN/PARCEL ID

00446-0023

ASK ABOUT THIS PROPERTY

Craig StulbergerYour Space New YorkMore Info
516-310-0622

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Craig StulbergerYour Space New YorkMore Info
516-310-0622

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