Listed by East Coast New York Inc.
$3,550,000
28-44 Borden Ave - Prime Warehouse/Office Building
Details
APN 00293-0001
Property Type Industrial
Sub Type Flex, Warehouse
Square Footage 11,524
Net Rentable (SqFt) 11,500
Units 2
Cap Rate 5.76%
NOI $204,403
Occupancy 100%
Tenancy Multi
Price per SqFt $308
Class B
Year Built 1931
Buildings 1
Stories 2
Lot Size (SqFt) 5,850
Zoning M1-3
Parking Spaces spaces
Investment Type Stabilized
Occupancy Date 04/14/2026
Ground Lease No
Ceiling Height 29ft
Loading Docks 1
PRIME WAREHOUSE - OFFICE BUILDING
Marketing description
East Coast New York is proud to present the sale of a premier 11,524 square foot warehouse, office, and flex space building located on Borden Avenue in Long Island City. This versatile commercial property offers a rare blend of functionality and convenience in one of NYC's most dynamic industrial corridors, featuring 5,750 square feet of loft-style space situated directly above a ground-floor drive-in warehouse. Strategically located with excellent access to major highways and public transportation, the building is currently fully occupied with two short-term leases in place, presenting an exceptional opportunity for both owner-users and investors to capitalize on the thriving local market.
Investment highlights
- Prime 11,524 sq. ft. versatile warehouse and office building in a high-demand industrial corridor.
- Features a ground-floor drive-in warehouse with 5,750 sq. ft. of loft-style creative or logistics space above.
- Equipped with a new HVAC system, elevator access, and dedicated rooftop space.
- Currently fully occupied by two tenants, providing immediate income with lease flexibility for future users.
- Impressive 29-foot roof height on a property originally built in 1931 and zoned M1-3.
- Excellent logistics location with strategic proximity to major transportation and highways.
Listing Contacts
Listed by East Coast New York Inc.
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$204,403.00
$17,033.58/mo
Valuation Metrics
0
DSCR
5.76%
Cap Rate
5.76%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
