129-09 26th Ave, Flushing, NY 11354

129-09 26th Avenue is a four-story office and flex industrial building located in the College Point section of Queens. The property sits on a 62,006 square foot lot and contains approximately 60,622 square feet, including 41,457 square feet of office space and 19,165 square feet of industrial/flex space.

The building is leased to 36 tenants, providing a diversified and stable multi-tenant rent roll with annual rent escalations in place. In-place rents are below current market levels, creating mark-to-market upside as leases roll and space is re-leased at prevailing market rates.

In addition to its current cash flow, the property presents a significant redevelopment opportunity. The site is zoned M2-1 with a 2.0 FAR. Based on the 62,006 square foot lot size, the property is entitled to approximately 124,012 buildable square feet. With 60,622 square feet currently built, the property contains over 63,000 square feet of unused development rights, offering flexibility for expansion, repositioning, or long-term redevelopment, subject to zoning regulations.

The property is strategically located in a well-established industrial and commercial corridor in College Point, benefiting from proximity to LaGuardia Airport and nearby Queens submarkets including Flushing and Whitestone. The location provides direct access to major highways and regional transportation infrastructure, supporting both existing tenancy and long-term demand fundamentals.