Prime Industrial Property at 39-06 Crescent Street
FOR SALE
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$4,500,000
39 06 Crescent Street, Long Island City, NY 11101
10,400 SF
Square Feet
$433
PPSF
Property Description
B6 Real Estate Advisors has been retained on an exclusive basis to arrange for the sale of 39-06 Crescent Street, in Long Island City, Queens (the "Property"). The Property is a prime commercial asset with incredible optionality, investor and user potential. In its current configuration, the Property is a two-story warehouse (plus mezzanine) and garage occupied by two full-floor commercial tenants. The Certificate of Occupancy allows for garage, warehouse, storage, show room and office uses. The Property is located on the west side of Crescent Street just off 39th Avenue in Dutch Kills, three blocks from Queensboro Plaza.
Property Details
Asset Type
Industrial
Year Built
1945
Zoning
M1-2 / R5D / LIC
Lot Size
5,009 SF
Neighborhood
Long Island City
Submarket
Long Island City
ZIP
11101
Listing Type
sale
30 years
10 years
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$255,988
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$21,332
Annual Debt Service
$255,988
View on Map
Address
39 06 Crescent Street
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Long Island City Industrial Market Snapshot
Boundary boundary · Industrial · Sale
No investors found in this market.
