160-23 Rockaway BlvdQueens, NY 11434

For Sale
$3,850,000

Queens, NY: 18,000 SF Office Building

Overview

Added:
Dec 11, 2024
Days on market:
97
This exceptional investment opportunity presents a 18,000 square foot, two-building office complex situated on a full city block in Queens, New York. The property, built in 1966, features a total of 18,000 net rentable square feet across three stories, currently boasting 10% occupancy. The asking price is $3,850,000, translating to $213.89 per square foot. The property is classified as a Class B, multi-tenant, gross lease building and sits on a 20,000 square foot lot zoned R3-2/C2-2. Two existing parking lots provide an additional 7,500 square feet of space. The property's prime location offers easy access to major transportation arteries, including JFK Airport (1.5 miles), the Belt Parkway (1.2 miles), Cross Island Parkway (1.5 miles), and the Van Wyck Expressway (1.4 miles), providing convenient access to Brooklyn, Queens, and Long Island. The property is currently tenanted at 10% occupancy and can be delivered vacant or with existing tenants. This presents a significant value-add opportunity through renovations and lease-up, or complete redevelopment. The zoning allows for a wide range of potential uses, including construction company headquarters, e-commerce fulfillment centers, transportation businesses, solar/battery storage facilities, non-profit organizations, churches, townhouses, retail spaces, warehouses, franchises, and self-storage facilities. This is a rare chance to acquire an entire city block with immense potential for future development and significant return on investment.

Property Details for 160-23 Rockaway Blvd

Property type
Other office properties, Office properties
Square Feet
18,000 SF
Class
B
Year Built
1966
Buildings
2
Stories
3

Location Insight

City
Queens
County
Queens
State
New York
Latitude
40.663641275815
Longitude
-73.777284185234
160-23 Rockaway Blvd, Queens, New York

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160-23 Rockaway Blvd
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