118-40 Montauk St, Queens, NY 11412

118-40 Montauk Street is a 6,2500-square-foot (250 ft x 25 ft) industrial warehouse in St. Albans, New York, within the East Queens submarket. The property is currently leased out and enjoys passive income. Totaling 6,250 square feet, 118-40 Montauk Street is comprised of over 5,500 sf of warehouse space and 800sf of office space, plus 1,500 sf of parking/outside storage space. A major renovation took place in 2017 of the property including the installation of 48 cameras, high speed internet, new sprinkler system, full A/C and Heat throughout the office space, full insulation for the entire building, the warehouse has LED Lighting, automated intercom system with access card for entrance, full upgrade fire extinguisher system, new roof, new electrical panels, a conference room, three restrooms (1 ADA bathroom), a reception area, and a main office with 8 desk, 1 ADA desk, storage above each desk, plus a large CEO office, kitchen, break room, storage room, reception space. The warehouse space boasts tall 13.6" ceilings. 118-40 Montauk Street is well-located with JFK International Airport less than 3 miles away, and the LIRR is 2 blocks away, making commuting to and from the property a breeze. The surrounding area boasts impressive demographics, as well. Within five miles, the population is over 48,500, and daytime employment is 31,945, with 15,282 in the trade transportation and utilities or manufacturing industries. The average household income within a five-mile radius is $61,214, providing a good quality of life for those in the area. This industrial warehouse is also located in a strong local market. Northeast Queens is a large submarket with a low 4.1% vacancy rate and excellent rent growth of 5.6% in the last 12 months. Great buy!