For Sale: Industrial Building in Astoria, New York

34-19 10TH ST, ASTORIA, NY 11106

Executive Summary:

Price:	$11,000,000
Building Size:	45,000 SF
Property Type:	Industrial
Lot Size:	25,650 SF
Developable Area:	32,062 SF
Price PSF:	$244
NOI:	N/A
Location:	34-19 10th St, Astoria, NY 11106

Property Highlights

Industrial Building in Prime Area of Astoria
Value Added, Long-Term Investment, Redevelopment Opportunity in Prime Location
Zoning: R5/1.25 FAR or 32,062 SF of Developable Area
Ceiling Heights: 15 ft on 1st Floor and 13.5 ft on 2nd Floor
2 Drive-In Doors, Freight Elevator, Heavy Power, Fully Sprinklered
Immediate Possession
Quick Access to the Grand Central Pkwy, BQE, Long Island Expy, the Queensboro Bridge, Triboro Bridge, LaGuardia Airport
2 Blocks Away From Rainey Park and Socrates Sculpture Park & Waterfront
Located Near Costco, Wyndham Hotel, Walgreens, Rite-Aid, McDonald’s, & New 24,000 SF Charter School Located Across the Street
*Could be Purchased Together with an Adjacent Industrial Building at 34-40 11th St for $16,500,000. 34-40 11th St is a Two-Level Industrial Building Composed of 25,658 SF of GBA on a 12,828 SF Site

Property Overview

American Investment Properties is retained to sell the building located at 34-19 10th St, Astoria. At this location is an industrial building composed of 45,000 SF. This property provides a great value added opportunity, a long-term investment, or a redevelopment opportunity in a prime location. This property is located near Costco, a Wyndham Hotel, Walgreens, Rite-Aid, McDonald’s, & many more retail spaces. Additionally, this property is two blocks away from Rainey Park and the Socrates Sculpture Park & Waterfront.

About Astoria

Astoria is a neighborhood in the northwestern corner of Queens, a borough in New York City, yet physically part of Long Island. It is bounded by the East River and is adjacent to three other Queens neighborhoods such as Long Island City, Sunnyside, and Woodside.

There are many attractions in Astoria including Kaufman Astoria Studios Museum of the Moving Image, Isamu Noguchi Museum, and Socrates Sculpture Park. Astoria Park is the largest park in the neighborhood which is along the East River with gorgeous views of Upper Manhattan and the Queensboro and Hellgate Bridges. The Hell Gate Bridge runs parallel to the Queens span of the Triborough Bridge which connects Queens, the Bronx, and Manhattan. Visitors and residents can see the length of the bridge just east of the roadway.