Investment Overview

The property at 47-51 33rd Street is a prime investment opportunity in Long Island City, Queens. This versatile building, originally configured for heavy manufacturing offers significant industrial and commercial potential in a well-connected location. Spanning approximately 83,000 square feet (public records show it as 91,100 sq ft) across three stories, the masonry-constructed building sits on a 36,750-square-foot L-shaped lot with outward dimensions of 249.68 ft x 200 ft. Originally built in 1943 and remains adaptable for various uses, including industrial production, warehousing, or redevelopment. Its M1-4 zoning allows for commercial and light industrial applications. The building’s existing square footage exceeds the maximum usable as-of-right floor area of 73,500 square feet, making this property a robust industrial asset. Additionally, the property is located in an Opportunity Zone. The interior includes roughly 73,000 square feet of 12-foot clear height factory space and approximately 10,000 square feet of additional ground floor loading space with 10-foot ceilings. The property has one loading dock, seven ground-floor loading gates and one loading gate on the 2nd floor. The third floor is easily accessed via an 6,000 pound Freight elevator, allowing for easy and robust access to all three floors. The building’s dimensions offer ample clearance for manufacturing and logistics needs. Property enhancements include a brand new gas-and-oil boiler, three phase electric, windows and roofs that were recently replaced and sprinklers throughout, with additional potential for further optimization. The site features strategic accessibility in an area with significant industrial activity and strong transportation links to Interstate highways, Manhattan and Brooklyn. Overall, 47-51 33rd Street represents an exceptional industrial investment with significant redevelopment potential, strong structural integrity, and strategic location in one of New York City’s most dynamic industrial hubs.