Peter Gache - Commercial Real Estate Showcase

Peter Gache Property Listings
Nest Seekers
587 Fifth Ave
New York, NY 10017-1921
(310) 849-4763
(212) 252-9347

528 51st Avenue

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

(1.0 MB)

Property Type:Flex Sub Type:- Status:Existing Year Built:2016
Building Size:5,000 SF Land Area:.06 AC (2,500 SF)
Ceiling Height:16'0'' Loading Docks:No Rail:- Power:-
For Sale Price:$3,998,000 Price/SF:$799.60
Cap Rate:-
Zoning:M1-4/R6B Sprinklers:- Drive Ins:1 tot. Cranes:-
Parking:2 Covered 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:
-Prime street near 7 subway and waterfront.
-Commerical mixed zoning.
-Flexible floor plan.
-Private roof area with skyline views.
-4% pro-forma cap rate

Rarely available opportunity for creative end-use or investment. Commercial mixed-use zoning. Great location near Jackson-Vernon 7 train and waterfront. Flexible floor plan. Former warehouse two floors with garage plus roof. Built to 25' x 100' lot line. Currently owner's private living, offices, and studio. 13-foot garage door with city street curb cut for vehicular access. Two other street entrances. Entire ground floor has soaring 16' ceiling for expansive space. Triple-pane windows, skylights. Interior steel spiral staircase leads to second floor offices and bedrooms and third level private roof. Chef's kitchen and large bathroom on first floor. Additional kitchen and baths upstairs. Extensive storage areas throughout. Roof provides Manhattan skyline views. Renovated in 2002-3 with partial radiant heated concrete floors and central air. More recent improvements include: water-proofing and refinishing exterior, new steel roof railing, and glass and aluminum garage door for distinctive exterior. Ideal for multiple uses: offices, live-work, retail, art or music studio, medical, government or institutional use. Contact agent for more information.

Prime Long Island City street in Hunters Point, Queens, one block from Jackson Ave/Vernon Blvd 7 subway and 5 minutes to Grand Central. A few short blocks to waterfront, parks, recreation, new Community Library, direct ferry service to Midtown Manhattan. Steps to area's fine restaurants, cafes and bars, Urban Market, Duane Reade, doctors and dentists offices, beauty and exercise studios, and neighborhood shops.

Nest Seekers
Peter Gache
(310) 849-4763

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