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33252634
33252341

250 Fulton Avenue, New Hyde Park, NY 11040

MT
NY 10401244358
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan
$23,000,000
6 days on market
Updated 6 days ago

250 Fulton Ave, New Hyde Park, NY

Details
APN 34 339 102
Property Type Industrial
Sub Type Warehouse
Square Footage 87,480
Net Rentable (SqFt) 87,480
Units 247
Occupancy 100%
Tenancy Multi
Lease Type Modified
Price per SqFt $263
Class B
Year Built 1966
Buildings 2
Stories 7
Lot Size (SqFt) 2.86
Investment Type Stabilized
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease No
Ceiling Height 20
Loading Docks 7
Dock High Doors 3
Sale Condition N/A

Rare Nassau County Large‑Format Multi-tenant Industrial Asset

Marketing description

  • Rare Large‑Format Multi-tenant Industrial Asset — ±87,480 (GLA) SF masonry building on 2.86 acres in New Hyde Park, one of Long Island’s most supply‑constrained submarkets.
  • Functional Distribution Infrastructure — Seven (7) loading docks, three (3) drive‑in doors, 16′ clear height (20' to Decking), 1,200 amp heavy power, gas heat, and full sprinkler coverage support a wide range of industrial uses.
  • Premier Central Long Island Location — Minutes from I‑495 (Long Island Expressway), Northern State Parkway, and major arterials connecting Queens, Brooklyn, and Manhattan; 40‑minute drive to Manhattan and 5 minutes to Queens border.
  • High‑Barrier‑to‑Entry Market — Long Island’s industrial sector remains one of the most constrained in the region. Tenant demand for well‑located distribution product continues to outpace functional availability.

Investment highlights

Marcus & Millichap is proud to present for sale 250 Fulton Avenue (“Subject Property”), an exceptionally rare industrial opportunity located in the heart of New Hyde Park, NY. This offering represents one of the few large-scale industrial assets available in the core Long Island market, where supply constraints and sustained tenant demand have driven record-low vacancy rates and escalating rental growth.

The Subject Property totals approximately ±87,480 square feet on a 2.86-acre parcel, featuring seven (7) loading docks, three (3) drive-in doors, and 16-foot clear heights. Constructed of durable masonry, the building is fully sprinklered, equipped with heavy 1,200-amp power, and serviced by gas heating. Its functional layout and robust infrastructure make it ideal for a wide range of industrial users—from logistics and distribution to light manufacturing and last-mile operations.

Strategically positioned just 5 minutes from the Queens border, 30 minutes from Suffolk County, and 40 minutes from Manhattan, the property offers unmatched connectivity to major highways including I‑495 (Long Island Expressway), Northern State Parkway, I‑278, and I‑678. This central location provides seamless access to LaGuardia (LGA) and JFK International Airports, as well as the broader New York metro distribution network.

Long Island remains one of the most supply-constrained industrial markets in the nation, characterized by limited new development and high barriers to entry. The surrounding trade area boasts over 572,000 residents within five miles, with an average household income exceeding $159,000, underscoring the purchasing power and employment density that support industrial and commercial operations.

This property’s scale, location, and functionality position it as a best-in-class owner-user or investor acquisition—a rare chance to secure a large industrial footprint in one of the most coveted submarkets in the New York metro area. Opportunities of this caliber are seldom available, making 250 Fulton Avenue a compelling asset for long-term value creation.

Listing Contacts

MT
NY 10401244358
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan

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