Overview

Description

Ariel Property Advisors presents 34-40 11th Street, a vacant 25,658 sq. ft. warehouse in the heart of Astoria, Queens. The property is built on a 12,829 SF lot, spans over 150’ of frontage on 11th Street and includes 2 drive-in loading bays with an 18 foot clearance height.

A variety of elements make 34-40 11th Street an ideal offering for owner-users, last-mile distributors and investors seeking increasingly rare industrial opportunities throughout the boroughs. The current Certificate of Occupancy provides for factory, warehouse and office use throughout the building, regardless of the current R5 zoning. In addition to the previously mentioned loading bays, the property features 13’ high ceilings throughout and a freight elevator with a 10,000 lbs. capacity. The property is also located in an Opportunity Zone, which carries the potential of significant tax savings for qualifying businesses.

34-40 11th Street’s central location allows easy access to Manhattan, the Bronx, Brooklyn and Roosevelt Island. The property is a short drive to the Long Island Expressway, Brooklyn Queens Expressway, RFK/Tri-Borough Bridge, Ed Koch/ Queensboro Bridge and Midtown Tunnel. LaGuardia Airport is only 4 miles away. Both the F, N & W trains can be reached on foot within 20 minutes.

The popularity of Long Island City/Astoria continues to draw a host of name brand corporations. Notable tenants in the immediate area include multiple Fed-Ex locations, DHL Express, NAPA Auto Parts, Con Edison, Drillco Equipment Company, Costco, Sparta Food Distributors, Abbot & Abbot Box Corp. and more.

Offering scale, unique building features and a prime location, 34-40 11th Street represents a premier industrial/commercial offering for owner-users, distributors and investors.

Documents

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