6502 Otto Rd - Warehouse FOR SALE
Flushing, NY 11385 |
$4,950,000 USD
347-486-4467
6502 Otto Rd
Flushing, NY 11385
HIGHLIGHTS
- The tenant pays $14,584 per month, totaling $175,000 annually in base rent, plus $17,135 in tax reimbursement, resulting in $192,135 in total income.
- It is located steps from Myrtle Avenue and the M train, with nearby amenities including restaurants, shops, markets, schools, and parks.
- The site offers strong redevelopment potential for residential use, especially under NYC’s “City of Yes” initiative which reduces parking requirements
OVERVIEW
This single-story warehouse is located in the Glendale neighborhood of Queens. The building is 13,000 square feet and occupied on a NN lease to 2025. Located at the corner of Otto Rd, 65th St, and 70th Ave, this property is only steps away from restaurants, shops, markets, schools, parks, Myrtle Ave, and the M train.
FOR SALE DETAILS
PRICE
$4,950,000 USD
PRICE/SF
$381 USD /SF
CAP RATE
3.09%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
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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347-486-4467
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347-486-4467
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