Warehouse + Adjoining Office Building in Maspeth Industrial Business Zone For Sale 55-23 Flushing Avenue, Maspeth, NY 11378 Delivered Vacant 3 Story ~11,200 Sq. Ft. Warehouse 2 Story ~2,100 Sq. Ft .Office Building 2 Garages ~500 Sq. Ft. each Fenced in Parking Lot for 12 Vehicles On a Major Truck Route and Near Brooklyn-Queens Expressway (I-278) and Long Island Expressway (I-495) Easy Access to Eastern Queens and Long Island, Midtown Manhattan and Brooklyn Heavy Power Fully Sprinklered 2 Dock-High Loading Gates New Roof Sale Price $3,225,000 $226.89 Per Sq. Ft. 7.5% Projected Cap Rate Modern Spaces Commercial + Investment Division is pleased to announce the exclusive offering of 55-23 Flushing Avenue in Maspeth, Queens. The featured property is a three 55-23 story commercial warehouse, with an adjoining two story office building and two garages. This Flushing Avenue offering provides an investor or owner user with the opportunity to purchase a prime industrial Maspeth, NY 11378 asset located within the Maspeth Industrial Business Zone Block: 2630 Lot: 35 Lot Area: (Sq. Ft.) ~9,100 Lot Depth (Ft.) ~122.5 Gross Floor Area (Sq. Ft.): ~14,200 Zoning: M1-1 F.A.R.: 1.0 Year Built 1940 RE Taxes (19/20): $54,780 Almost 7% of all U.S. consumer spending occurs in the New York metropolitan area, thus New York City and its environs has the largest consumer base in the United States. As the geographic center of New York City, Maspeth Queens has become the preferred location to provide last-mile distribution services to meet the need of these consumers. Why is Maspeth becoming the first choice for the Last Mile? One reason is its proximity to these urban customers residing in Manhattan, the outer boroughs and Nassau County. Two-day delivery. Next day delivery. Same day delivery. The new norm for shipping standards is only getting shorter. Given these increasingly tight time constraints, on-line retailers and distributors now need warehouse space as close to their customers as possible and therefore within the cities themselves. Industrial has essentially become the new retail. 2 3 4 55-23 FLUSHING AVENUE, MASPETH, NY 11378 5 FOR SALE $3,225,000 FOR MORE INFORMATION, PLEASE CONTACT EXCLUSIVE AGENT: MICHAEL ELLIS Neighborhood Specialist Elmhurst + Maspeth 917-796-6516 [email protected] ELMHURST-MASPETHPROPERTIES.COM Celebrating it’s 11th Anniversary, Modern Spaces is a full service Real Estate company involved in every aspect of the Real Estate process. This includes New Residential Development, Pre-Development Consulting, Market Analysis, and Selling Commercial, Industrial & Residential Proper- ties. Since its founding in Long Island City, the firm now has over 100 agents. After having completed over $5.5 Billion in sales, $1 Billion of which have occurred in the past year alone, we continue to have our primary focus on Western Queens. The Commercial + Investment Division of Modern Spaces was founded by Evan Daniel in 2014 with the goal of bringing nine prior years of investment sales experience to a Queens based firm with already dominant residential brokerage and new residential development operations. This division has since expanded to cover many areas across Queens in order to become neighborhood specialists and better service local property owners and clients. MODERN SPACES LIC HQ MODERN SPACES VERNON MODERN SPACES 30TH AVENUE MODERN SPACES DITMARS MODERN SPACES BROOKLYN MODERN SPACES CHELSEA 10-46TH AVENUE 47-42 VERNON BOULEVARD 36-16 30TH AVENUE 79-20 23RD AVENUE 135 KENT AVENUE 220 WEST 16TH STREET LONG ISLAND CITY LONG ISLAND CITY ASTORIA ASTORIA WILLIAMSBURG MANHATTAN The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is depend- ent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN. .