For Sale: Industrial Building in Astoria, New York

34-19 10TH ST, ASTORIA, NY 11106

Executive Summary:

Price:	$18,000,000
Combined Building Size:	76,000 SF
Property Type:	Industrial
Combined Lot Size:	38,478 SF
Combined Developable Area:	48,098 SF
Price PSF:	$237
NOI:	N/A
Location:	34-19 10th St & 34-40 11th St, Astoria, NY 11106

Property Highlights

Industrial Buildings in Prime Area of Astoria, NY
Value Added, Long-Term Investment, Redevelopment Opportunities in Prime Location
Zoning: R5/1.25 FAR or 48,098 SF of Developable Area
Ceiling Heights: 15 ft on 1st Floor and 13.5 ft on 2nd Floor
4 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
*To be Sold as a Two-Building Package. Asking $11,000,000 for 10th St and $7,000,000 for 11th St

Property Overview

American Investment Properties is retained to sell the buildings located at 34-19 10th St & 34-40 11th St, Astoria. At these locations are industrial buildings composed of 76,000 SF. These properties provide for great value added opportunities, long-term investments, or redevelopment opportunities in a prime location. These properties are located near Costco, a Wyndham Hotel, Walgreens, Rite-Aid, McDonald’s, & many more retail spaces. Additionally, these properties are 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.