Long Island City Warehouse & Industrial Investment Opportunity | 23-01 Borden Ave
Rare opportunity to acquire a large-scale warehouse and industrial property in Long Island City. The property sits on approximately 31,500 SF of land and features approximately 27,405 SF of building area, with a lot size of approximately 175' × 180' and building dimensions of approximately 175' × 157'.
The property is located in an M3-2 industrial zoning district and is currently occupied by multiple tenants, providing established rental income and an attractive investment profile.
Property Highlights:
Approximately 31,500 SF lot
Approximately 27,405 SF building
Approximately 175' × 180' lot dimensions
Approximately 175' × 157' building dimensions
M3-2 industrial zoning
Multi-tenant industrial/warehouse property
Established tenancy and existing rental income
Convenient Long Island City location
Suitable for warehouse, logistics, industrial, and other permitted uses, subject to zoning
Strong transportation and commercial infrastructure
Asking Price: $18,800,000
Current Cap Rate: Approximately 3.27%
An excellent opportunity for investors seeking a well-located industrial asset with existing tenancy and long-term investment potential in Long Island City.