49-00 Grand Ave

For Sale$11,500,000

49-00 Grand Avenue, Queens, NY 11378

  • Industrial

49-00 Grand Ave, Queens, NY 11378 - Industrial Space

49-00 Grand Ave is located at 49-00 Grand Avenue in the Maspeth neighborhood, NY, Queens, 11378. The Industrial building features a total of 27,000 Sqft.

There are 10 industrial spaces for lease in the Maspeth neighborhood, totaling 473,710 Sqft of available industrial space. The industrial space availability for the 11378 zip code is 473,710 Sqft, in 10 industrial spaces. The average asking industrial rent per sq. ft. in Maspeth is $19.68/sqft/year. For Class B industrial buildings the average industrial rate is $17.35/sqft/year.

In Maspeth, there are 11 class A industrial buildings, there are 68 class B industrial buildings, there are 38 class C industrial buildings. At zip code level, there are 56 commercial properties, of which 55 are industrial buildings over 50,000 square feet.

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Details

  • Sale Price $11,500,000
  • City Queens
  • Neighborhood Maspeth
  • Zip Code 11378
  • Property Type Industrial
  • Property Size 27,000 Sqft
  • Date Updated 10 Jan, 2020

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.com.

Description

Ariel Property Advisors is proud to present 49-00 Grand Avenue, an approximately 27,000 SF industrial building that includes 4 loading docks and 30+ foot ceilings, situated in the heart of Maspeth. The property is built on a 27,280 SF, M3-1 zoned lot on the active throughway of Grand Avenue. The property comes with in-place below market rents, a long term tenant and the ability to be delivered vacant. 49-00 Grand Avenue is located within a designated Industrial Business Zone (IBZ), where companies have the opportunity to receive a one-time tax credit. 49-00 Grand Avenue offers investors the opportunity to acquire a stable cash-flowing industrial asset that has immediate owner/user value-add potential; within the most recognized industrial area of New York City.

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 49-00 Grand Ave?

49-00 Grand Ave totals 27,000 square feet.

Maspeth Demographics

The average household income in zip code 11378 is $98,112, from a total of 12,701 households. In terms of employment, there are 74.35 % white-collar and 25.65 % blue-collar jobs in zip code 11378.

Population

  • Total Population55,894
  • Male Population(49.4 %) 27,639
  • Female Population(50.6 %) 28,255
  • Median Age39.00

Income/Financial

  • Average Household Income$91,349
  • Median Household Income$68,329
  • Median Income Under 25$48,750
  • Median Income 25-44$73,000
  • Median Income 45-64$78,467
  • Median Income Over 65$38,164

Commercial Brokers Register now to add listings

Alexander Taic

Ariel Property Advisors

(212) 544-9500 x 44

Stephen Vorvolakos

Ariel Property Advisors

(212) 544-9500 x 25