3511 9th St - Office/Residential FOR SALE
Long Island City, NY 11106 |
3511 9th St
Long Island City, NY 11106
HIGHLIGHTS
- The 61.9% occupancy provides immediate cash flow for a new owner.
- Recent $5.0M in interior upgrades, with $1.4M in façade improvements underway.
- Strategically located within an Opportunity Zone.
- Irreplaceable scale of 2.62 FAR (compared to 1.25 as-of-right) offers rare canvass for future residential conversion.
- In-place 25-year ICIP tax abatement, with 14 years remaining.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
The Cigar Factory
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Office/Residential
TOTAL BUILDING SIZE
120559
STORIES
4
BUILDING CLASS
C
YEAR BUILT
1930
SPRINKLERS
-
PARKING SPACES
15
LAND DETAILS
LAND ACRES
0.97 AC AC
LAND SF
42,253 SF
ZONING
-
APN/PARCEL ID
00329-0018
