47-55 58th Street - Massey Knakal
PRIME INDUSTRIAL BUILDING FOR SALE 20,000 SF PLUS ON-SITE PARKING WITHIN 4 MILES OF MIDTOWN MANHATTAN 47-55 58TH STREET, WOODSIDE, NY 11377
PRICE REDUCED
Property Information
Property Summary Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of a vacant, 100’ wide two-story industrial building comprised of ~20,000 SF in the Woodside neighborhood of Queens, NY.
Block / Lot:
2318 / 9
Lot Dimensions:
125’ x 144’ IRR (approx.)
Lot Sq. Ft.:
14,250 SF (approx.)
Building Dimensions:
100’ x 100’ (approx.)
Stories:
2
Building Sq. Ft.:
20,000 SF (approx.)
Building Class:
Garage (G1) Two or More Stories
Zoning:
R5
F.A.R.:
1.25 Residential (As-of-right) 2.0 Community Facility Bonus
Buildable Sq. Ft.:
~17,812 BSF Residential ~28,500 BSF Community Facility
RE Taxes (17/18):
$62,819 (projected)
Permissible Uses (Per Certificate of Occupancy):
Factory, Warehouse, Shipping, Distribution, Offices, Parking, Loading & Unloading
The upper level features ~3,000 SF of office space and ramp access. A freight elevator services the lower level, with two roll up doors (1 loading dock) and 5,000 SF of grade level parking in the rear. The property is situated within an R5 zoning district, which allows for residential development of ~17,812 BSF, as of right, and ~28,500 BSF with community facility bonus. Situated in proximity to major thoroughfares including Queens Boulevard, Brooklyn-Queens Expressway and Long Island Expressway, the property offers quick access to all five boroughs, Westchester County and Long Island.
ASKING PRICE: $7,000,000 Also available for sale is the neighboring property, 47-47 58th Street, a one-story industrial building totaling ~23,000 SF plus on-site parking. Contact exclusive agents for additional information.
For more information, please contact Exclusive Agents:
Thomas A. Donovan
Eugene Kim
Tommy Lin
Robert Rappa
Director (718) 512 2626
Director (718) 512 2618
Director (718) 512 2609
Associate Director (718) 512 2601
[email protected]
[email protected]
[email protected]
[email protected]
Cushman & Wakefield 118-35 Queens Boulevard 14th Floor Forest Hills, NY 11375 (718) 275 3400 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, Cushman & wakefield copyright 2015. or Noother warranty or representation, express or implied, made thespecial accuracy or completeness of the information containedowner(s). herein, andAs same is submitted to errors, omissions,as change price, omissions, change of price, rental conditions, withdrawal without notice,isand to to any listing conditions imposed by the property applicable, we subject make no representation to theofcondition rental other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. of theorproperty (or properties) in question.
Property Photos - Exterior 47-55 58th Street, Woodside
Property Photos – Upper Floor 47-55 58th Street, Woodside
Property Photos – Lower Floor 47-55 58th Street, Woodside
Area Map 47-55 58th Street, Woodside
Subject Property
Location & Tax Map 47-55 58th Street, Woodside
BLOCK: 2318 LOT: 9 The subject property is located on the east side of 58th Street between 47th and 48th Avenues, just south of Queens Boulevard in Woodside, NY. It features ~125’ of frontage on 58th Street and ~105’ of frontage with rear access on 58th Lane.
Area Map
Transportation Map 47-55 58th Street, Woodside
Subject Property
Zoning Map 47-55 58th Street, Woodside
The subject property is zoned: R5 FAR: 1.25 Base (As of Right) Residential or 2.0 Community Facility (Bonus)
Subject Property
Area Map
Land Survey 47-55 58th Street, Woodside
Certificate of Occupancy 47-55 58th Street, Woodside
Comparable Building Sales Queens - Industrial
59-12 54th Street, Maspeth 1-story ~13,810 SF factory & 5,000 SF parking lot Sold in 2Q17 for $6,000,000 $434 per square foot
1940 Flushing Avenue, Ridgewood 1-story ~25,234 SF warehouse with on-site parking Sold in 1Q16 for $10.5 million $416 per square foot
56-26/70 56th Drive, Maspeth Two warehouses totaling ~27,300 square feet with parking Sold in 1Q17 for $10 million $366 per square foot
48-85 Maspeth Avenue, Maspeth 1-story ~32,000 SF warehouse Sold in 1Q17 for $9.9 million $309 per square foot
55-01 37th Avenue, Woodside 1-story ~20,000 SF factory Sold in 3Q16 for $7.7 million $385 per square foot
53-07 Nurge Avenue, Ridgewood 2-story ~14,400 SF factory with onsite parking Sold in 4Q16 for $7.1 million $493 per square foot
Neighborhood Development Woodside, Queens
Subject Property
77-02 Roosevelt Ave 65-25 Roosevelt Ave 54-21 Roosevelt Ave 52-22 Roosevelt Ave 40-43 68th Street 41-30 66th Street
41-10/12 69th Street
69-12 Woodside Ave
65-15 Queens Blvd 64-06 Queens Blvd 46-02 70th Street 75-28 Queens Blvd
CURRENT / PLANNED DEVELOPMENT 52-22 Roosevelt Ave – 5-story, 10-unit mixed-use 54-21 Roosevelt Ave – 6-story, 7-unit mixed-use 65-25 Roosevelt Ave - 7-story, 10-unit mixed-use 40-43 68th Street – 4-story, 10-unit apartment building 41-30 66 th Street – 4-story, 12-unit apartment building 65-15 Queens Blvd – 8-story, 44-unit hotel building
64-06 Queens Blvd – 135 room Holiday Inn Express 77-02 Roosevelt Ave – 7-story, 49,000 SF mixed-use 41-10/12 69 th Street – (2) 4-story, 6-unit buildings 69-12 Woodside Ave – 4-story, 8-unit mixed-use 46-02 70 th Street – 9-story, 74-unit apartment building 75-28 Queens Blvd – 2-story, 107,000 SF storage facility
The information provided herein has been obtained from sources we deem reliable. We do not guarantee the accuracy of any information. All square footage figures, potential uses and any other information provided herein must be independently verified.
FOR MORE INFORMATION, CONTACT EXCLUSIVE AGENTS: Thomas A. Donovan Vice Chairman (718) 512 2626 [email protected] Eugene Kim Director (718) 512 2618 [email protected] Tommy Lin Director (718) 512 2609 [email protected] Robert Rappa Associate Director (718) 512 2601 [email protected] nyinvestmentsales.com
PRICE REDUCED
Property Information
Property Summary Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of a vacant, 100’ wide two-story industrial building comprised of ~20,000 SF in the Woodside neighborhood of Queens, NY.
Block / Lot:
2318 / 9
Lot Dimensions:
125’ x 144’ IRR (approx.)
Lot Sq. Ft.:
14,250 SF (approx.)
Building Dimensions:
100’ x 100’ (approx.)
Stories:
2
Building Sq. Ft.:
20,000 SF (approx.)
Building Class:
Garage (G1) Two or More Stories
Zoning:
R5
F.A.R.:
1.25 Residential (As-of-right) 2.0 Community Facility Bonus
Buildable Sq. Ft.:
~17,812 BSF Residential ~28,500 BSF Community Facility
RE Taxes (17/18):
$62,819 (projected)
Permissible Uses (Per Certificate of Occupancy):
Factory, Warehouse, Shipping, Distribution, Offices, Parking, Loading & Unloading
The upper level features ~3,000 SF of office space and ramp access. A freight elevator services the lower level, with two roll up doors (1 loading dock) and 5,000 SF of grade level parking in the rear. The property is situated within an R5 zoning district, which allows for residential development of ~17,812 BSF, as of right, and ~28,500 BSF with community facility bonus. Situated in proximity to major thoroughfares including Queens Boulevard, Brooklyn-Queens Expressway and Long Island Expressway, the property offers quick access to all five boroughs, Westchester County and Long Island.
ASKING PRICE: $7,000,000 Also available for sale is the neighboring property, 47-47 58th Street, a one-story industrial building totaling ~23,000 SF plus on-site parking. Contact exclusive agents for additional information.
For more information, please contact Exclusive Agents:
Thomas A. Donovan
Eugene Kim
Tommy Lin
Robert Rappa
Director (718) 512 2626
Director (718) 512 2618
Director (718) 512 2609
Associate Director (718) 512 2601
[email protected]
[email protected]
[email protected]
[email protected]
Cushman & Wakefield 118-35 Queens Boulevard 14th Floor Forest Hills, NY 11375 (718) 275 3400 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, Cushman & wakefield copyright 2015. or Noother warranty or representation, express or implied, made thespecial accuracy or completeness of the information containedowner(s). herein, andAs same is submitted to errors, omissions,as change price, omissions, change of price, rental conditions, withdrawal without notice,isand to to any listing conditions imposed by the property applicable, we subject make no representation to theofcondition rental other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. of theorproperty (or properties) in question.
Property Photos - Exterior 47-55 58th Street, Woodside
Property Photos – Upper Floor 47-55 58th Street, Woodside
Property Photos – Lower Floor 47-55 58th Street, Woodside
Area Map 47-55 58th Street, Woodside
Subject Property
Location & Tax Map 47-55 58th Street, Woodside
BLOCK: 2318 LOT: 9 The subject property is located on the east side of 58th Street between 47th and 48th Avenues, just south of Queens Boulevard in Woodside, NY. It features ~125’ of frontage on 58th Street and ~105’ of frontage with rear access on 58th Lane.
Area Map
Transportation Map 47-55 58th Street, Woodside
Subject Property
Zoning Map 47-55 58th Street, Woodside
The subject property is zoned: R5 FAR: 1.25 Base (As of Right) Residential or 2.0 Community Facility (Bonus)
Subject Property
Area Map
Land Survey 47-55 58th Street, Woodside
Certificate of Occupancy 47-55 58th Street, Woodside
Comparable Building Sales Queens - Industrial
59-12 54th Street, Maspeth 1-story ~13,810 SF factory & 5,000 SF parking lot Sold in 2Q17 for $6,000,000 $434 per square foot
1940 Flushing Avenue, Ridgewood 1-story ~25,234 SF warehouse with on-site parking Sold in 1Q16 for $10.5 million $416 per square foot
56-26/70 56th Drive, Maspeth Two warehouses totaling ~27,300 square feet with parking Sold in 1Q17 for $10 million $366 per square foot
48-85 Maspeth Avenue, Maspeth 1-story ~32,000 SF warehouse Sold in 1Q17 for $9.9 million $309 per square foot
55-01 37th Avenue, Woodside 1-story ~20,000 SF factory Sold in 3Q16 for $7.7 million $385 per square foot
53-07 Nurge Avenue, Ridgewood 2-story ~14,400 SF factory with onsite parking Sold in 4Q16 for $7.1 million $493 per square foot
Neighborhood Development Woodside, Queens
Subject Property
77-02 Roosevelt Ave 65-25 Roosevelt Ave 54-21 Roosevelt Ave 52-22 Roosevelt Ave 40-43 68th Street 41-30 66th Street
41-10/12 69th Street
69-12 Woodside Ave
65-15 Queens Blvd 64-06 Queens Blvd 46-02 70th Street 75-28 Queens Blvd
CURRENT / PLANNED DEVELOPMENT 52-22 Roosevelt Ave – 5-story, 10-unit mixed-use 54-21 Roosevelt Ave – 6-story, 7-unit mixed-use 65-25 Roosevelt Ave - 7-story, 10-unit mixed-use 40-43 68th Street – 4-story, 10-unit apartment building 41-30 66 th Street – 4-story, 12-unit apartment building 65-15 Queens Blvd – 8-story, 44-unit hotel building
64-06 Queens Blvd – 135 room Holiday Inn Express 77-02 Roosevelt Ave – 7-story, 49,000 SF mixed-use 41-10/12 69 th Street – (2) 4-story, 6-unit buildings 69-12 Woodside Ave – 4-story, 8-unit mixed-use 46-02 70 th Street – 9-story, 74-unit apartment building 75-28 Queens Blvd – 2-story, 107,000 SF storage facility
The information provided herein has been obtained from sources we deem reliable. We do not guarantee the accuracy of any information. All square footage figures, potential uses and any other information provided herein must be independently verified.
FOR MORE INFORMATION, CONTACT EXCLUSIVE AGENTS: Thomas A. Donovan Vice Chairman (718) 512 2626 [email protected] Eugene Kim Director (718) 512 2618 [email protected] Tommy Lin Director (718) 512 2609 [email protected] Robert Rappa Associate Director (718) 512 2601 [email protected] nyinvestmentsales.com
