6502 Otto Rd - Warehouse FOR SALE
Flushing, NY 11385 |
$5,150,000 USD
718-475-4382
6502 Otto Rd
Flushing, NY 11385
HIGHLIGHTS
- 13,000 SF Brick Warehouse in Ridgewood, Queens
- R5D Zoning with 2.0 FAR for Development | 26,000 BSF As of Right
- Reduced parking requirements under City of Yes
- 10-min walk from Fresh Pond Station | M-Train and B13, B20, Q58, QM24, QM25 and QM34 Bus Lines
- Asking: $5,150,000 | $196/pbsf or $396/SF Existing
OVERVIEW
The New York Multifamily team is pleased to offer 65-02 Otto Road, a brick 13,000 SF warehouse with 26,000 Total Buildable SF. Located a few blocks from the Fresh Pond, Queens neighborhood, the property is positioned as an Industrial Value-Add play or Multifamily Redevelopment with an asking price of $5,150,000 ($196/pbsf and $396/SF Existing).
FOR SALE DETAILS
PRICE
$5,150,000 USD
PRICE/SF
$396 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Glendale Corner w/ 26,000 Total Buildable SF
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1931
UTILITIES
-
CLEAR CEILING HT
15 Ft
DOCKS
-
DRIVE INS
2
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.3
LAND SF
13,068
ZONING
R5D
APN/PARCEL ID
03644-0001
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718-475-4382
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718-475-4382
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