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Leasing Opportunity Long Island City, New York NEW YORK’S 27- 10 FASTEST GROWING 49TH AVENUE NEIGHBORHOOD PRIME INDUSTRIAL/LAST MILE LEASING OPPORTUNITY LONG ISLAND CITY, NEW YORK MIDTOWN TUNNEL MANHATTAN LONG ISLAND EXPRESSWAY NEW YORK’S 27- 10 FASTEST GROWING 49TH AVENUE NEIGHBORHOOD Located at the corner of 49th Ave and 27th Street, this property offers 487’ feet of frontage across 2 sides and a large parking lot. Its central location and close proximity to the Midtown tunnel, Long Island Expressway and BQE make it perfect for any business that requires traveling throughout Manhattan, Queens, Brooklyn, and the Bronx. Address 27-10 49th Avenue, Long Island City, NY 11101 Block / Lot 00113-0035 Lot Dimensions 385’ x 100’ Approx. Lot SF 38,300 SF Building Dimensions 200’ x 100’ Stories 2 Gross Building SF 34,147 SF 1st Floor: 20,298 SF (16’ ceiling) 2nd Floor: 13,849 SF (12’ ceiling) Parking Lot 18,200 SF Parking Spaces ±50 Drive In Doors 4 Year Built 1963 Zoning M3-2 Power 1,400 amps Floor Loads Warehouse: 250 lb/SF Office: 50 lb/SF 27-10 TRANSPORTATION 49TH AVENUE PASSAGE ED KOCH MIDTOWN QUEENSBORO BRIDGE TUNNEL SILVERCUP STUDIOS ONE COURT SQUARE 42-22 22ND STREET Vernon 7 Blvd Jackson Ave Court G Square 7 Queens N Q R Plaza MIDTOWN E M 7 TUNNEL MANHATTAN Hunters 7 Point Ave Court E G LIRR Square LONG ISLAND RAILROADM 7 TIME WARNER 27-10 49THAVE FEDEX FACILITY THE FACTORY BUILDING 29-01 BORDEN AVENUE 30-30 47TH AVENUE LONG ISLAND EXPRESSWAY 27- 10 49TH AVENUE WAREHOUSE SPACE 27- 10 49TH AVENUE WAREHOUSE SPACE 27- 10 49TH AVENUE OFFICE SPACE NEW YORK’S 27- 10 FASTEST GROWING 49TH AVENUE NEIGHBORHOOD EXISTING CONDITIONS 1ST FLOOR PLAN NEW YORK’S 27- 10 FASTEST GROWING 49TH AVENUE NEIGHBORHOOD EXISTING CONDITIONS 2ND FLOOR PLAN NEW YORK’S 27- 10 FASTEST GROWING 49TH AVENUE NEIGHBORHOOD KAUFMAN STUDIO HUNTERS POINT COMMUNITY LIBRARY LIC LANDING AT QUEENS PLAZA BIKE PATH HUNTERS POINT LONG ISLAND CITY GANTRY PARK SKYLINE NEW YORK’S 27- 10 FASTEST GROWING 49TH AVENUE NEIGHBORHOOD THE NEIGHBORHOOD Long Island City is developing into a destination for its local arts and cultural scene, as public and private investments are adding to the offering of art galleries and museums, parks and much more that make the neighborhood such a highly livable place. • Gantry Plaza State Park, Queensbridge Park of Arts, The Museum of the Moving Image, the and Water Taxi Beach – Located along the Astoria Performing Arts Center and many other East River, Gantry Plaza State Park is an 11- art galleries. acre riverside oasis that features sweeping, unobstructed views of the Midtown Manhattan • MoMA PS1 – An affiliate of the Museum of skyline, and is currently being expanded by Modern Art, MoMA PS1 is the oldest and 40 acres. Other waterfront parks include second-largest non-profit arts center in the Queensbridge Park and Water Taxi Beach, New United States solely devoted to contemporary York’s first non-swimming urban beach. art. • Dutch Kills Green- Across the street from • SculptureCenter – New York City’s only The Property, this 1.5-acre open space was non-profit exhibition space dedicated to part of the$45 million Queens Plaza roadway, contemporary and innovative sculpture. pedestrian and bicycle improvement project SculptureCenter re-located from Manhattan’s that has transformed the primary entry point Upper East Side to a former trolley repair shop into Queens. The former John F. Kennedy renovated by artist/designer Maya Lin in 2002. commuter parking lot has been transformed • Socrates Sculpture Park – Located along the East into a green space featuring wetlands, native River waterfront, this is the only site in the New plantings, and locally designed public art. York Metropolitan area specifically dedicated to providing artists with opportunities to • Kaufman Astoria and Silvercup Studios - Both create and exhibit large-scale work in a unique located in Long Island City, Kaufman Astoria and environment that encourages strong interaction Silvercup Studios have ushered in a new era of between artists, artworks and the public. film and television production in New York City. Fine dining and entertainment venues nearby • Isamu Noguchi Foundation and Museum include The Astor Room and Studio Square – Located across the street from Socrates which includes a steakhouse and upscale Greek Sculpture Park, the museum recently underwent restaurant in addition to premier event space. a two and a half year renovation. Artistic focal points of the museum include American • Flushing Meadows Park – Home to the U.S. Tennis Museum of the Moving Image, and The Fisher Association and U.S. Open tennis tournament, Landau Center for Art. A host of smaller this 897-acre park is the largest in Queens and galleries, studios, and a thriving commu-nity includes a stunning recreational complex, a zoo, of individual artists and artisans add a further an art museum, a botanical garden, a science dimension to the local art scene. museum, and Citi Field, home to the New York Mets, as well as concerts, soccer matches, and • Hunters Point Community Library – A new $28 other headlining events. million library is slated to open in 2017 along the East River waterfront. An eye-catching design • Astoria Arts District – A designated area by famous architect Steven Holl has been beginning one block north of The Property, the recently approved by the Queens Library Board arts district includes Kaufman Studios, Astor of Trustees, paving the way for this instant LIC Room, Studio Square, The Frank Sinatra School landmark. NEW YORK’S Market27- Summary 10 FASTEST GROWING 49TH AVENUE NEIGHBORHOOD 27- 10 49TH AVENUE • Two Gotham Center – a 670,000 square foot state-of-the-art facility completed – The Queensboro Plaza station is currently being renovated by the NYMTA and in 2011 asTRANSPORTATION New York City’s Department of Health’s headquarters. This building was is slated to ultimately become part of the LaGuardia Airport Access project, an sold to a Canadian REIT in 2011 for $415.5 million ($620 psf). important addition to New York City’s infrastructure. Long Island City is one of the best connected transit hubs in New York City, with access to eight – The Court Square subway station (two stops from the SMP Building) has also Buildings thatsubwaylines, have been repurposed 13 bus for lines,modern theresidential, East educational, River Ferry, cultural, and and the Long Is-land Rail Road, providing easy access commercial use include: been renovated to include new internal transfer infrastructure. to Eastern Long Island, Brooklyn, and all of Manhattan. The Property is one block from E, M, and • MetLife’sR, operational at Queens headquarters Plaza (former and Rollsfour Royce blocks factory), from the 7 at Queensboro• New Long Plaza, Island making Railroad the Station site – 10 a new minutes Long Island Rail Road station is slated to be built just a short subway ride from the Property. The new station is part • Silvercupfrom Studios Midtown (former Silvercup Manhattan, bakery), 15 minutes from Grand Centralof Terminal, the LIRR East and Side Access20 minutes project, which from will Penn connect the LIRR to Grand Central Station via subway. The recent and ongoing transportationTerminal. improvements The massive infrastructure include: project is already underway, with many of the • LaGuardia Community College (former Sunshine Bakery), main tunnels already complete. The new station will further enhance the Property’s outstanding transportation access. • The Isamu Noguchi Museum (former photo-engraving plant), and • Queens Plaza Renovation – $76.4 million renovation of the Queens Plaza (a few • Temporary headquartersLong for MoMA Island (former Railroad Swingline Station Staplers plant). – a new Long Island Rail Road station is slated to be built just a short blocks from the SMP Building), improved traffic circulation and pedestrian/bicycle subway ride from the property. The new station is part of the LIRR East Side Access project, which Further, critical investment into the area’s outstanding transportation hubs and access while beautifying the neighborhood and adding a 1.5-acre public park. infrastructure has supportedwill the connect market’s growth. the LIRR Notable to improvementsGrand Central include: Termi-nal. The massive infrastructure project is already • Jackson Avenue Beautification – A similar beautification of this major commercial underway, with many of the main tunnels already complete. The new station will further enhance • Subway Renovations – Major renovations to the area’s subway stations are ongoing: and retail corridor that connects Queens Plaza to Court Square included new the Property’s outstanding transportation access.landscaped medians, sidewalks, and parks. Additionally, a separate $76 million MTA – Repainting of the elevated tracks throughout Queens Plaza (one stop from the project created a new vent plant for the subway lines that run beneath Jackson Avenue. SMP Building). 34 Queens Plaza Renovation – A $76.4 million renova-tion of the Queens Plaza, including modernizing of the subway station with the LaGuardia Airport Access Project, improves traffic circulation and pedestrian/bicycle access, and adds a 1.5-acre public park. The nearby Dutch Kills Green was included in this renovation, transforming a parking lot into a public greenspace. Jackson Avenue Beautification – A similar beauti-fication of this major commercial and retail corridor that connects Queens Plaza to Court Square includes new landscaped medians, sidewalks, and parks. Additionally, a separate $76 million MTA project created a new vent plant
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