Listed by B+E
$25,473,000
NYC Department of Transportation
Details
Property Type Industrial
Sub Type Distribution, Flex
Square Footage 38,210
Cap Rate 4.5%
NOI $1,146,300
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 21
Remaining Term 21
Rent Bumps Yes
Lease Options 2; 5-Year
Price per SqFt $667
Year Built 2022
Year Renovated 2025
Buildings 1
Acreage 1.170
Zoning M1-5 - Light Manufacturing
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No
NYC Department of Transportation
Marketing description
Exclusively Listed By
Christopher Guida | Director | O: 917.451. 8294 | C: 347.374.1712 [email protected]
Camille Renshaw | CEO & Co-Founder | 646.770.0659 | [email protected]
Lower Level: 30,000 SF
Mezzanine: 8,210 SF
Dept. of Transportation approved site for Fleet Storage and HazMat Material storage.
NNN Lease
Investment highlights
- BRAND NEW 21-YEAR LEASE | 10% RENTAL INCREASES
- INVESTMENT GRADE TENANT | CITY OF NEW YORK: AA (S&P)
- WAREHOUSE/STORAGE SPACE FOR NYC’S DEPARTMENT OF TRANSPORTATION
- 2022 CONSTRUCTION & RECENT RENOVATION
- MISSION CRITICAL ASSET | NYC DOT
- NYC MSA | LARGEST METRO AREA IN THE U.S.
- CRITICAL LOCATION FOR NYC DOT’S GREEN WAVE PROGRAM
- EASY ACCESS TO PUBLIC TRANSIT | ± 1.2B RIDERSHIP
- EXCELLENT ACCESSIBILITY TO MANHATTAN & GREATER NYC | ± 180,600 VPD
- HIGH DENSITY AND AFFLUENT DEMOGRAPHICS
Listing Contacts
Listed by B+E
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,146,300.00
$95,525.00/mo
Valuation Metrics
0
DSCR
4.5%
Cap Rate
4.5%
ROI
Map
Zoning
M1-5 IndustrialLight IndustrialLight Manufacturing High Performance
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View all 255 uses
View all 255 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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