Skip to main content

Warehouse

55-80 56th St

55-80 56th St, Queens, NY 11378

Listing Price: $4,000,000

Cap Rate
3.80%
Gross SF
7,112
Price/Gross SF
$562.43
Lot Size
0.16 acres
Year Built
1986
Rentable SF
7,112

Investment Overview

Marcus & Millichap is pleased to offer on exclusive basis the sale of 55-80 56t Street Maspeth NY. (Block: 2573 and Lot: 186)
The subject property is sitting on a 7000 SF lot with M1-1 Zoning, it is located on bussiest distribution area in Maspeth Queens.
The tenant just signed a new 5 years lease with 5% increases every year. Landlord is only responsible for the RE Tax base year 2022-2023.
The subject property is stratigically located near Brooklyn Queens WXPY and Long Island EXPY.
This offers investors a safe and steady return in the one of the strongest RE industrial markets in the NY.

Investment Highlights

  • Stratigically Located in the Heart of the Food and Spice Distribution Section in Mapeth Queens.
  • 7000 SF Indurstrial Warehouse, 7000 SF Lot with M1-1 Zoning.
  • 20 FT Clear Ceiling, 4,000 SF Freezer, Heavey Power.
  • Located Near I 495 Long Island EXPY and I 278 Brooklyn-Queens EXPY.
  • Attractive 5% Rent Increases Every Year.

Exclusively Listed By

Financing By

Warehouse

55-80 56th St

Listing Price: $4,000,000

Cap Rate
3.80%
Gross SF
7,112
Price/Gross SF
$562.43
Lot Size
0.16 acres
Year Built
1986
Rentable SF
7,112

Investment Highlights

  • Stratigically Located in the Heart of the Food and Spice Distribution Section in Mapeth Queens.
  • 7000 SF Indurstrial Warehouse, 7000 SF Lot with M1-1 Zoning.
  • 20 FT Clear Ceiling, 4,000 SF Freezer, Heavey Power.
  • Located Near I 495 Long Island EXPY and I 278 Brooklyn-Queens EXPY.
  • Attractive 5% Rent Increases Every Year.

Investment Overview

Marcus & Millichap is pleased to offer on exclusive basis the sale of 55-80 56t Street Maspeth NY. (Block: 2573 and Lot: 186) The subject property is sitting on a 7000 SF lot with M1-1 Zoning, it is located on bussiest distribution area in Maspeth Queens. The tenant just signed a new 5 years lease with 5% increases every year. Landlord is only responsible for the RE Tax base year 2022-2023. The subject property is stratigically located near Brooklyn Queens WXPY and Long Island EXPY. This offers investors a safe and steady return in the one of the strongest RE industrial markets in the NY.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower