Peter Gache - Commercial Real Estate Showcase

Peter Gache Property Listings
Nest Seekers
587 Fifth Ave
New York, NY 10017-1921
(212) 252-8772
(212) 252-9347

528 51st Avenue

Long Island City, NY 11101-5816 - Northwest Queens Submarket

Property Type:Office Sub Type:Industrial Live/Work Unit Status:Existing Year Built:2016
Stories:- Typical Floor:1,593 SF Building Size:5,000 SF
For Sale Price:$4,500,000 Price/SF:$900.00
Cap Rate:4.00 %
Parking:1 Surface spaces are available; 1 Covered Tandem spaces are available; Ratio of .22/1,000 SF
5,000 SF is available to occupy upon purchase.

15 foot approximate curb cut leading into a 2 car tandem-style garage. Recently renovated warehouse into an industrial/office property.

Sale Notes:
Extraordinary opportunity to own 5,000 square-foot, 25 foot-wide, custom town or carriage house on two floors with private roof offering unobstructed views. Prime Long Island City street in Hunters Point, Queens, one block from Jackson Avenue/Vernon Boulevard 7 subway with one-stop service to Grand Central and on to Fifth Avenue, Times Square, and Hudson Yards. Also convenient to Long Island City waterfront parks and recreation, ferry service to Manhattan, and proposed Brooklyn-Queens trolley connector from Northern Queens to South Brooklyn.

Loft-style ground floor with 15-foot ceilings, new triple-pane windows, six skylights, industrial steel spiral staircase to bedrooms, roof deck, kitchens and baths on each floor. Extensive closet and storage areas. Flexible floor plan provides space for home office, yoga, exercise, and artist studio. Gallery-style cement ground floor with partial radiant heat on both floors. Roof deck features Manhattan skyline views and may be utilized for green living roof, flexible solar panel system that provides solar power, or green house for urban farming, all adhering to city building codes. 13-foot garage door with curb cut in front of property allows purchaser to potentially turn center entry into private garage with additional parking also available on street directly in front of building. Updated in 2002 with all renovations approved by city permits. Building improvements currently underway include: waterproofing entire building with thorocoat cement top to bottom; brand new steel railing on roof deck; and, new garage and entry doors featuring aluminum panels topped with frosted glass for Bauhaus-style, attractive facade as shown in architect's rendering.

Ideal for custom loft-living and home office or investment at 4 cap rate. Enjoy unique lifestyle opportunity as well as long-term appreciation in this most sought-after Hunters Point, Queens neighborhood with incoming development in one of New York City's most dynamic urban growth areas.

Nest Seekers
Peter Gache
(212) 252-8772

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