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Warehouse

37-02 9th Street

37-02 9th Street, Long Island City, NY 11101

Listing Price: $10,500,000

Gross SF
18,440
Price/Gross SF
$569.41
Lot Size
0.57 acres
Year Built
1931
Rentable SF
18,440

Investment Overview

Marcus & Millichap has been retained on an exclusive basis to arrange the sale of the industrial property at 37-02 9th Street The subject property stands at the corner of 9th street and 37th avenue and continues block-through from 9th Street to Vernon Boulevard in the Long Island City neighborhood of Queens NY. The building fronts three sides of the block with 100 feet on Vernon Blvd between 37th Avenue and 38th Avenue, 200 feet on 9th Street from the corner heading south and another 50 feet on 37th Ave from the corner of 9th Street. 37-02 9th Street consists of four contiguous single-story industrial buildings built on a 25,000 square foot lot (Block: 00358 Lot: 0012). The buildings total 18,440 gross square feet with an additional 6,560 square foot open lot for shipping and parking on Vernon Boulevard. The buildings are column-free with 20’ clean ceiling heights and feature heavy power and overhead space for cranes. The 25,000 SF lot is zoned M1-3 allowing for a total of 125,000 buildable square feet of industrial, office or commercial uses as-of-right (FAR 5.0) or 162,500 SF with community facility uses (FAR 6.5) The subject site is located just 4-blocks north of the Queensboro/59th Street Bridge allowing for a 10–15-minute drive into Manhattan’s east side. The property is also surrounded by major traffic arteries including I-495 (Long Island Expressway), the Midtown Tunnel and the I-278 (BQE) allowing for easy access to the Bronx, greater Queens, Long Island and Brooklyn. The property is also a short walk from the “F” Subway train station at 21st Street. 37-02 9th Street allows for owner/users and investors to purchase a strategically located, industrial and office property within the rapidly growing Long Island City neighborhood. Since the property is located within a Qualified Opportunity Zone (QOZ) and Industrial Business Zone (IBZ), a new owner or a prospective tenant can take advantage of the unique tax benefits available within both of these zones.

Investment Highlights

  • 18,440 SF Industrial and Office Property; Warehouse is 5,000 SF with 14' Ceilings, Second Floor is turn Key 5000 SF Office, Third Floor is 1,224 SF Satellite Office
  • Has Air-rights for up to 25,000 BSF Total
  • Column Free 20' Clean Ceiling Heights in Warehouse
  • Two Drive-In Doors Located on 37th Avenue
  • Located within a Qualified Opportunity Zone (QOZ) and Industrial Business Zone (IBZ)
  • Located near the 21st Street - Queensbridge "F" Subway Station and the Vernon Boulevard/38th Avenue "Q102" and "Q103" Bus Stations
  • Located near Queensboro Bridge, Northern Boulevard, Roosevelt Island and Cornell Tech Camp

Exclusively Listed By

Listing Price: $10,500,000

Gross SF
18,440
Price/Gross SF
$569.41
Lot Size
0.57 acres
Year Built
1931
Rentable SF
18,440

Investment Highlights

  • 18,440 SF Industrial and Office Property; Warehouse is 5,000 SF with 14' Ceilings, Second Floor is turn Key 5000 SF Office, Third Floor is 1,224 SF Satellite Office
  • Has Air-rights for up to 25,000 BSF Total
  • Column Free 20' Clean Ceiling Heights in Warehouse
  • Two Drive-In Doors Located on 37th Avenue
  • Located within a Qualified Opportunity Zone (QOZ) and Industrial Business Zone (IBZ)
  • Located near the 21st Street - Queensbridge "F" Subway Station and the Vernon Boulevard/38th Avenue "Q102" and "Q103" Bus Stations
  • Located near Queensboro Bridge, Northern Boulevard, Roosevelt Island and Cornell Tech Camp

Investment Overview

Marcus & Millichap has been retained on an exclusive basis to arrange the sale of the industrial property at 37-02 9th Street The subject property stands at the corner of 9th street and 37th avenue and continues block-through from 9th Street to Vernon Boulevard in the Long Island City neighborhood of Queens NY. The building fronts three sides of the block with 100 feet on Vernon Blvd between 37th Avenue and 38th Avenue, 200 feet on 9th Street from the corner heading south and another 50 feet on 37th Ave from the corner of 9th Street. 37-02 9th Street consists of four contiguous single-story industrial buildings built on a 25,000 square foot lot (Block: 00358 Lot: 0012). The buildings total 18,440 gross square feet with an additional 6,560 square foot open lot for shipping and parking on Vernon Boulevard. The buildings are column-free with 20’ clean ceiling heights and feature heavy power and overhead space for cranes. The 25,000 SF lot is zoned M1-3 allowing for a total of 125,000 buildable square feet of industrial, office or commercial uses as-of-right (FAR 5.0) or 162,500 SF with community facility uses (FAR 6.5) The subject site is located just 4-blocks north of the Queensboro/59th Street Bridge allowing for a 10–15-minute drive into Manhattan’s east side. The property is also surrounded by major traffic arteries including I-495 (Long Island Expressway), the Midtown Tunnel and the I-278 (BQE) allowing for easy access to the Bronx, greater Queens, Long Island and Brooklyn. The property is also a short walk from the “F” Subway train station at 21st Street. 37-02 9th Street allows for owner/users and investors to purchase a strategically located, industrial and office property within the rapidly growing Long Island City neighborhood. Since the property is located within a Qualified Opportunity Zone (QOZ) and Industrial Business Zone (IBZ), a new owner or a prospective tenant can take advantage of the unique tax benefits available within both of these zones.

Exclusively Listed By

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