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9-03 44th Rd
Long Island City, NY 11101

$31,500,000 USD

Service For Sale  •  93,347 SF

Property Details

• Property Type Service
• Total Building Size 93,347 SF
• Lot Size 1.1 AC
• Building Class A
• Year Built 2021
• Cap Rate 9.85 %
• Tenancy Multiple
• Zoning M1-4

100 Transit Score

92 Walk Score

Highlights

99-year ground lease inclusive of a 25-year IDA tax exemption with the permanent CO delivered in 2021

Three-story newly constructed industrial-flex and office building that spans an entire city block

Ideal mix of credit and regional tenancy with varying lease terms

Ground floor warehouse space includes seven drive-in doors, 20’ ceiling heights and ample natural light

Amenities include public rooftop terrace with pergolas, seating areas, and a bocce ball court

Property Flyers

9-03 44th Road - Ripco Setup

Cap Rate:

9.85 %

Public Transportation

Commuter Rail	Drive	Walk	Distance
Long Island City Station (Hempstead Branch - Long Island Rail Road)	10 min	15 min	0.8 mi
Hunterspoint Avenue Station (Hempstead Branch - Long Island Rail Road, Oyster Bay Branch - Long Island Rail Road)	5 min	15 min	0.8 mi
Transit/Subway	Drive	Walk	Distance
Court Square - 23rd Street (E - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway))	2 min	6 min	0.3 mi
45 Road-Court House Square (7 - New York MTA Subway (The Subway))	2 min	9 min	0.5 mi
21 Street (G - New York MTA Subway (The Subway))	2 min	10 min	0.5 mi
Vernon Boulevard-Jackson Avenue (7 - New York MTA Subway (The Subway))	3 min	10 min	0.5 mi
Long Island City-Court Square (G - New York MTA Subway (The Subway))	3 min	10 min	0.5 mi
Airport	Drive	Walk	Distance
La Guardia	14 min	-	7.6 mi
John F. Kennedy International	24 min	-	15.5 mi
Newark Liberty International	31 min	-	17.5 mi