4310 21st St - Warehouse FOR SALE


Long Island City, NY 11101
$15,000,000 USD
718-784-8282
4310 21st St, Long Island City, NY for Sale
$15,000,000 USD
Warehouse - FOR SALE
1/31
null | Request Cap Rate

4310 21st St
Long Island City, NY 11101


HIGHLIGHTS

  • 22,800 square foot lot, 40,400 square foot building
  • M1-4, within the current study area for rezoning for high FAR or possible residential zoning.
  • Two-story, built in 1931, dimensions 95 x 240 feet, 13.5-foot ceilings with strong mushroom columns
  • Corner lot, 4 spaces of 10,000 square feet each of tenant space, freight elevator, disable person lift, roof sign for branding
  • Roll-up gates on 21st Street and 43rd Avenue for easy loading
  • Near 59th Street Bridge, easy access to Manhattan, Queens, and Brooklyn Queens Expressway, close to booming residential towers.

OVERVIEW

Marcus & Millichap and Pinnacle Realty are exclusively co-listing the sale of 43-10 21st Street, a prime industrial property located at the southwest corner of 21st Street and 43rd Avenue in Long Island City, NY. This property is built on a 22,800 square foot corner lot with a two-story, 40,400 square foot building built in 1931. The building features dimensions of 95 x 240 feet, 13.5-foot ceilings with strong mushroom columns, a freight elevator, car parking and 10,000 square feet of vacant tenant space. The location offers ease of access for shopping with roll-up gates on both 21st Street and 43rd Avenue, and the property runs along these two-way streets. Additionally, there is a sign on the roof for personal business branding. Located just south of the 59th Street Bridge, the property provides easy access to Manhattan, Queens, and the Brooklyn via the Brooklyn Queens Expressway. It is also near booming residential development, making it ideal for potential retail conversion on the ground floor. The property is in the current study area for rezoning for high FAR, and the current tenants cycle out between 2026 and 2027.

FOR SALE DETAILS

PRICE

$15,000,000 USD

PRICE/SF

$343 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

UTILITIES

Heating - Gas

CLEAR CEILING HT

13.5 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.52

LAND SF

22,800

ZONING

M1-4

APN/PARCEL ID

00442-0018

ASK ABOUT THIS PROPERTY

Brendan BurkePinnacle Realty of New York LLCMore Info
718-784-8282

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Brendan BurkePinnacle Realty of New York LLCMore Info
718-784-8282

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