24-09 38Th AveQueens, NY 11101

For Sale
Call for price

Prime NYC Office w/ Parking

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional three-story office building, totaling 24,370 square feet, is situated in Long Island City's desirable Dutch Kills neighborhood. The property boasts approximately 350 feet of frontage and includes a substantial adjacent 13,015 square foot parking lot with 53 spaces—a rare find in this market. Currently, the building is approximately two-thirds vacant, presenting a unique opportunity for an owner-user to occupy the space immediately or reposition the asset. The building features full floors available on the ground and third levels, each offering approximately 8,123 square feet of space. These vacant spaces include versatile layouts with office spaces, conference rooms, recreational areas, bullpen space, and storage. The existing tenant provides ongoing cash flow. The building's prime location offers convenient access to public transportation, with proximity to the N, W, and 7 subway lines at both the 21st Street and Queensboro Plaza stations, ensuring easy commutes to Manhattan and throughout Queens. The property is zoned M1-2 and offers a Net Operating Income (NOI) of $527,871. This combination of ample space, convenient location, substantial parking, and strong NOI makes this a compelling investment opportunity. The property is located at 24-09 38th Ave and 37-25 24th Street, Queens, NY 11101.

Highlights

  • 25,000 SF office building in Long Island City with nearly 350 feet of frontage.
  • Building is approximately 2/3 vacant, ideal for owner-user occupancy or repositioning.
  • Includes adjacent 13,015 SF parking lot with 53 spaces.

Property Details for 24-09 38Th Ave

Property type
Other office properties, Office properties
Square Feet
24,370 SF
Stories
3

Location Insight

City
Queens
County
Queens
State
New York
Latitude
40.7562838
Longitude
-73.9362309
24-09 38Th Ave, Queens, New York

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24-09 38Th Ave
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