13-07 37Th AveQueens, NY 11101

For Sale
$4,000,000

13,500 SF Office Building, 3 Units

Overview

Added:
Dec 11, 2024
Days on market:
92
This three-story, 13,500-square-foot Class B office building in Queens, NY, presents a compelling investment opportunity. Built in 1989, the property sits on a 4,500-square-foot lot (50.04 ft x 100.08 ft) and features three units totaling 4,500 square feet of net rentable space. Currently partially occupied, the space can be delivered vacant, offering significant potential for redevelopment or lease-up. The building boasts an 8-foot garage opening, 38-foot roof height, and a ground elevation of 14 feet. Its dimensions are 50 ft x 100 ft. The property is zoned 9b and has a 1031 exchange sale condition. Annual property taxes are $41,041 (Tax Class 4). The asking price is $4,000,000. The APN is 00350-0003. This location at 13-07 37th Ave, Queens, NY 11101 offers excellent potential for investors seeking a strong return in a desirable area. The building's size and layout provide flexibility for various uses. This is a rare opportunity to acquire a well-located office building with significant upside potential.

Highlights

  • $4,000,000 asking price for a Class B office building.
  • 13,500 total square feet, with 4,500 square feet of net rentable space.
  • Three-unit, three-story building constructed in 1989 on a 4,500 square foot lot.
  • Located at 13-07 37th Ave, Queens, NY 11101, with APN 00350-0003.
  • Suitable for a 1031 exchange.

Property Details for 13-07 37Th Ave

Property type
Other office properties, Office properties
Square Feet
13,500 SF
Class
B
Year Built
1989
Buildings
1
Stories
3
Units
3

Location Insight

City
Queens
County
Queens
State
New York
Latitude
40.759045765028
Longitude
-73.938845862483
13-07 37Th Ave, Queens, New York

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13-07 37Th Ave
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