38-56 11th Street, New York, NY 11101 For Sale

Joshua Sloyer

Sloyer Real Estate Corp

Listed by Sloyer Real Estate Corp

$2,250,000

140 days on market

Updated 30 days ago

38-56 11th Street

Details

APN

00474-0054

Property Type

Office, Industrial (+1)

Sub Type

Manufacturing, Flex (+1)

Square Footage

4,650

Tenancy

Vacant

Class

Year Built

1990

Stories

Lot Size (SqFt)

2,350

Zoning

M1-3

Investment Type

Owner/User

Ground Lease

Delivered Vacant – Rare opportunity for an owner-user or investor

Marketing description

Delivered Vacant. Positioned in the heart of Long Island City’s thriving industrial corridor, this versatile warehouse property offers an exceptional opportunity for manufacturing, construction, storage, or mixed commercial operations. The ground floor features a large open industrial warehouse with high ceilings, providing flexible space for fabrication, assembly, storage, or equipment use. An automatic grade-level metal roll-up door allows seamless loading and unloading, ideal for trucks and daily operations. The expansive layout supports a wide range of industrial and construction-related uses. Additional loft space above the warehouse adds valuable square footage for storage or operational support. The second floor is fully built out with eight private offices plus a reception area, creating a functional administrative component separate from warehouse operations. The layout is well-suited for contractors, distribution companies, or light manufacturing businesses seeking both operational and executive space under one roof. The roof was recently redone, offering peace of mind and reduced near-term capital expenses. There’s also a large basement with full ceiling height for additional storage. Located in a prime Long Island City location with convenient access to major highways, bridges, and Manhattan, this property is ideal for businesses looking to expand or establish a strong presence in Queens.

Investment highlights

Delivered Vacant | M1-3 Zoning | Approx. 11,750 Buildable SF Potential | Prime Long Island City Mixed-Use Opportunity

Investment Highlights

• Delivered Vacant – Rare opportunity for an owner-user, investor, or developer to immediately reposition the asset without tenant rollover risk.

• Prime Long Island City Location – Situated in one of New York City’s fastest-growing mixed-use neighborhoods, minutes from Manhattan and major transportation.

• M1-3 Zoning – Approximately 2,350 SF lot with up to roughly 11,750 buildable SF (subject to verification and approvals), offering long-term redevelopment potential.

• Existing Mixed-Use Configuration – Three residential units plus ground-floor commercial space provide multiple occupancy and income strategies.

• Value-Add Opportunity – Renovate and lease individual components or reposition the property for higher market rents.

• Owner-User Flexibility – Ideal for creative office, showroom, contractor, light manufacturing, or live/work uses.

• Strong Long-Term Fundamentals – Located within the Long Island City Industrial Business Zone (IBZ), supporting continued employment growth and commercial demand.

• Convenient Access – Minutes from Midtown Manhattan, Queensboro Bridge, Long Island Expressway, and multiple subway lines.

• Scarce Small-Lot Asset – 25’ × 93.75’ parcel size appeals to private investors and owner-users seeking manageable scale with upside.

• Potential Expansion Opportunity – Existing improvements occupy only a portion of the allowable zoning envelope, presenting future redevelopment possibilities subject to architect and governmental approvals.

• High Barrier-to-Entry Market – Long Island City continues to benefit from limited supply, ongoing infrastructure investment, and strong residential and commercial growth.