Description
Calling All Investors, Developers & End-Users!!! 11.29 Cap 75,658 Sqft. Warehouse For Sale Asking Only $221 Per Sqft.!!! The Property Is Situated On A HUGE 39,562 Sqft. Lot!!! The Buildings Feature Excellent Signage, Great Exposure, High 17' Ceilings, 8 Parking Spaces, Loading Dock, 3 AC Units, Strong R5 Industrial Zoning, 3 Phase Power, Freight Elevator, +++!!! Neighbors Include Costco, Walgreens, Rite Aid, McDonald's, NAPA Auto Parts, Wyndham Hotel,+++!!! Located In The Heart Of Astoria This Property This Property Offers An Easy Commute To Manhattan. The Property Is Located Just A Few Blocks Away From The Queensboro Bridge This Property Offers HUGE Upside Potential!!! This Could Be Your Next Investment Property, Development Site/ The Next Home For Your Business!!! Both Properties Are Also For Lease With Sizes Ranging From 7,000 - 75,000 Sqft. With Rental Asking Prices Of $22-$25 / Sqft. NNN!!! Expenses: Gas: $ Electric: $ Insurance: $10,168 Ann. Maintenance/ Repairs: $2,500 Ann. Taxes: $190,283 Ann. Water: $0 Total Expenses: $202,951 Ann. 75,658 Sqft. @ $25 Per Sqft. NNN = $1,891,450.00 Net Operating Income (NOI): $1,891,450.00 (Proforma 11.29 Cap!!!)
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Listing Office: All Island Estates Realty Corp
Attribution contact: 516-783-5600
