28-44 Borden Ave - Warehouse FOR SALE


Long Island City, NY 11101- Blissville
$4,188,000 USD
917-865-6537
28-44 Borden Ave, Long Island City, NY for Sale
$4,188,000 USD
Warehouse - FOR SALE
1/9
null | 4.62% Cap Rate

28-44 Borden Ave
Long Island City, NY 11101
Blissville


HIGHLIGHTS

  • Prime Long Island City location near major transit routes
  • New HVAC, elevator access, and rooftop space
  • Priced well below market with motivated seller
  • Surrounded by mixed-use and industrial redevelopment
  • Strong demographics and high-income residential base
  • Flexible zoning with long-term upside potential

OVERVIEW

Now offered at a reduced price with a highly motivated seller East Coast presents a rare opportunity to acquire a versatile commercial property in the heart of Long Island City’s industrial corridor. This two-story building offers 11,524 square feet of warehouse and loft-style office space, including a drive-in ground floor and 6,000 square feet of creative loft space above. The property is offered at a significantly reduced price, with the seller highly motivated. Market rents in the area average $30 per square foot, but this asset is available at just $10 per square foot—creating immediate value for investors or owner-users. Two short-term leases are in place, including one expiring in late 2025, allowing for flexible repositioning. Recent upgrades include a new HVAC system, elevator access, and rooftop space. Located near major highways and transit routes, the site offers seamless access to Manhattan, Brooklyn, and Queens, making it ideal for logistics, creative, or industrial use.

FOR SALE DETAILS

PRICE

$4,188,000 USD

PRICE/SF

$364 USD /SF

CAP RATE

4.62%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

4

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5

LAND SF

21,780

ZONING

M3-1,Queen(G9)

APN/PARCEL ID

00293-0001

ASK ABOUT THIS PROPERTY

Eric LiEast Coast New YorkMore Info
917-865-6537

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Eric LiEast Coast New YorkMore Info
917-865-6537

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