917-716-7751
38-11-38-15 29th St, Long Island City, NY for Sale
Warehouse - FOR SALE
1/15
null | Request Cap Rate

38-11-38-15 29th St
Long Island City, NY 11101
LIC


HIGHLIGHTS

  • BUILDABLE TO 15,000 SF
  • CAN BE DELIVERED VACANT OR WITH EXISTING TENNAT
  • KITCHEN SETUP AND HOOD IN PLACE
  • NEARBY SUBWAYS AND MAJOR ROADWAYS
  • COLUMN FREE

OVERVIEW

Prime LOCATION in LIC. This 5,000 sq ft warehouse is BUILDABLE to 15,000 sq ft or more for mixed-use. It includes a drive-in gate, large open space, 2 bathrooms, 16 ft ceilings, kitchen setup with hood, small office, fireproof structure, 400 AMPS electric, and floor drains. Located in central Long Island City, it's within walking distance of subway lines and near major roadways for easy access to Manhattan, Queens, and beyond. The property has a paying tenant who would like to stay but CAN ALSO BE DELIVERED VACANT. Zoning permits 15,000 sq ft of mixed-use buildable space. An attached zoning analysis, conducted before the City of Yes initiatives, outlines a plan for 8,258.5 sq ft of residential space and 6,741.5 sq ft of commercial space, totaling 15,000 sq ft. With the recent City of Yes initiatives, there may be opportunities to increase the allowable buildable square footage beyond 15,000 sq ft.. BUILDING CAN BE UTILIZED IN A VARIETY OF WAYS: * For an Owner user – building will be delivered vacant w/ future upside potential. * For a passive investor - one can continue to collect rent from existing tenant w/ future upside potential. * For a developer – one can collect rent from existing tenant until such time as plans are ready to develop.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Food Processing, Showroom

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1930

UTILITIES

Heating - Gas

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11

LAND SF

5,001

ZONING

M1-2/R5B, M1-2/R6A, LIC

APN/PARCEL ID

00384-0011

ASK ABOUT THIS PROPERTY

Eitan HakamiGreiner-Maltz Company of New York, Inc.More Info
917-716-7751

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Eitan HakamiGreiner-Maltz Company of New York, Inc.More Info
917-716-7751

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