2728 Thomson Ave - Parking Lots & Garages FOR SALE


Long Island City, NY 11101- Hunters Point
$6,950,000 USD
212-230-5999
2728 Thomson Ave, Long Island City, NY for Sale
$6,950,000 USD
Parking Lots & Garages - FOR SALE
1/5
null | Request Cap Rate

2728 Thomson Ave
Long Island City, NY 11101
Hunters Point


OVERVIEW

Avison Young, as exclusive agent, is pleased to offer for sale 27-28 Thomson Avenue (“the Garage”), a garage condominium with 200 spaces located at the base of the Arris Lofts, a luxury residential tower in the heart of Long Island City. The Garage, which is open 24/7, is situated at the corner of Thomson Avenue and 44th Drive, offering immediate access to the Queens/Midtown Tunnel as well as the Court Square Subway station, where the 7-line services in Midtown Manhattan in less than 20 minutes. There is a fresh management agreement with MPG, a seasoned operator, in-place as of December 2024, and investors would benefit from steady cash flow immediately. Further, a garage user could unlock additional upside with the absence of a management contract. The Garage is strategically located and is poised to successfully meet the demand of monthly parkers either living in the ever-growing downtown Long Island City, commuters to Manhattan looking for more reasonably priced parking solutions, or daily transients.

FOR SALE DETAILS

PRICE

$6,950,000 USD

PRICE/SF

$166 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Parking Garage Condominium

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Parking Lots & Garages

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.82 AC

LAND SF

79,475 SF

ZONING

-

APN/PARCEL ID

00082-1001

ASK ABOUT THIS PROPERTY

Mitchell LevineAvison YoungMore Info
212-230-5999

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Mitchell LevineAvison YoungMore Info
212-230-5999

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