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23-01 Borden Ave 27,405 SF 100% Leased Industrial Building Long Island City, NY 11101 $26,041,949 CAD ($950.26 CAD/SF) 3.27% Cap Rate
Executive Summary
Long Island City Warehouse & Industrial Investment Opportunity | 23-01 Borden Ave
Rare opportunity to acquire a large-scale warehouse and industrial property in Long Island City. The property sits on approximately 31,500 SF of land and features approximately 27,405 SF of building area, with a lot size of approximately 175' × 180' and building dimensions of approximately 175' × 157'.
The property is located in an M3-2 industrial zoning district and is currently occupied by multiple tenants, providing established rental income and an attractive investment profile.
Property Highlights:
Approximately 31,500 SF lot
Approximately 27,405 SF building
Approximately 175' × 180' lot dimensions
Approximately 175' × 157' building dimensions
M3-2 industrial zoning
Multi-tenant industrial/warehouse property
Established tenancy and existing rental income
Convenient Long Island City location
Suitable for warehouse, logistics, industrial, and other permitted uses, subject to zoning
Strong transportation and commercial infrastructure
Asking Price: $18,800,000
Current Cap Rate: Approximately 3.27%
An excellent opportunity for investors seeking a well-located industrial asset with existing tenancy and long-term investment potential in Long Island City.
Rare opportunity to acquire a large-scale warehouse and industrial property in Long Island City. The property sits on approximately 31,500 SF of land and features approximately 27,405 SF of building area, with a lot size of approximately 175' × 180' and building dimensions of approximately 175' × 157'.
The property is located in an M3-2 industrial zoning district and is currently occupied by multiple tenants, providing established rental income and an attractive investment profile.
Property Highlights:
Approximately 31,500 SF lot
Approximately 27,405 SF building
Approximately 175' × 180' lot dimensions
Approximately 175' × 157' building dimensions
M3-2 industrial zoning
Multi-tenant industrial/warehouse property
Established tenancy and existing rental income
Convenient Long Island City location
Suitable for warehouse, logistics, industrial, and other permitted uses, subject to zoning
Strong transportation and commercial infrastructure
Asking Price: $18,800,000
Current Cap Rate: Approximately 3.27%
An excellent opportunity for investors seeking a well-located industrial asset with existing tenancy and long-term investment potential in Long Island City.
Property Facts
| Price | $26,041,949 CAD | Building Class | C |
| Price Per SF | $950.26 CAD | Lot Size | 0.72 AC |
| Sale Type | Investment or Owner User | Rentable Building Area | 27,405 SF |
| Cap Rate | 3.27% | No. Stories | 1 |
| Property Type | Industrial | Year Built/Renovated | 1950/1995 |
| Property Subtype | Warehouse | Opportunity Zone |
Yes
|
| Zoning | M3-2 - M3 districts are designated for areas with heavy industries that generate noise, traffic or pollutants. | ||
| Price | $26,041,949 CAD |
| Price Per SF | $950.26 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 3.27% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.72 AC |
| Rentable Building Area | 27,405 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1950/1995 |
| Opportunity Zone |
Yes |
| Zoning | M3-2 - M3 districts are designated for areas with heavy industries that generate noise, traffic or pollutants. |
1 1
Exceptionally walkable
90/100
Moderately drivable
70/100
Exceptional public transit
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 00105-0001 | Improvements Assessment | $749,218 CAD |
| Land Assessment | $1,182,186 CAD | Total Assessment | $1,931,405 CAD |
Property Taxes
Parcel Number
00105-0001
Land Assessment
$1,182,186 CAD
Improvements Assessment
$749,218 CAD
Total Assessment
$1,931,405 CAD
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23-01 Borden Ave
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