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3108 Northern Blvd - NYC Department of Transportation 38,210 SF Industrial Condo Unit Offered at $35,035,563 CAD in Long Island City, NY 11101
Investment Highlights
- BRAND NEW 21-YEAR LEASE | 10% RENTAL INCREASES
- WAREHOUSE/STORAGE SPACE FOR NYC’S DEPARTMENT OF TRANSPORTATION
- MISSION CRITICAL ASSET | NYC DOT
- INVESTMENT GRADE TENANT | CITY OF NEW YORK: AA (S&P)
- 2022 CONSTRUCTION & RECENT RENOVATION
- NYC MSA | LARGEST METRO AREA IN THE U.S.
Executive Summary
Any CAM or expenses paid for by LL to be submitted to and reimbursed by tenant within 45 days.
Data Room Click Here to Access
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 4.50% |
| Sale Type | Investment |
| Cap Rate | 4.50% |
Description
Lower Level: 30,000 SF
Mezzanine: 8,210 SF
Dept. of Transportation approved site for Fleet Storage and HazMat Material storage.
NNN Lease
Mezzanine: 8,210 SF
Dept. of Transportation approved site for Fleet Storage and HazMat Material storage.
NNN Lease
Sale Notes
Exclusively Listed By Christopher Guida | Director | O: 917.451. 8294 | C: 347.374.1712 cguida@tradenetlease.com
Camille Renshaw | CEO & Co-Founder | 646.770.0659 | crenshaw@tradenetlease.com
Camille Renshaw | CEO & Co-Founder | 646.770.0659 | crenshaw@tradenetlease.com
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit &Mezzanine | 38,210 SF | Industrial | $35,035,563 CAD ($916.92 CAD/SF) | $1,576,620.96 CAD |
Unit &Mezzanine
| Unit Size |
| 38,210 SF |
| Condo Use |
| Industrial |
| Price |
| $35,035,563 CAD ($916.92 CAD/SF) |
| NOI |
| $1,576,620.96 CAD |
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Unit &Mezzanine
| Unit Size | 38,210 SF |
| Condo Use | Industrial |
| Price | $35,035,563 CAD ($916.92 CAD/SF) |
| NOI | $1,576,620.96 CAD |
| Sale Type | Investment |
| Cap Rate | 4.50% |
| Description | |
| Lower Level: 30,000 SF<br> Mezzanine: 8,210 SF<br> <br> Dept. of Transportation approved site for Fleet Storage and HazMat Material storage. <br> <br> NNN Lease</li></ul> | |
| Sale Notes | |
| Exclusively Listed By Christopher Guida | Director | O: 917.451. 8294 | C: 347.374.1712 cguida@tradenetlease.com<br> <br> Camille Renshaw | CEO & Co-Founder | 646.770.0659 | crenshaw@tradenetlease.com</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 38,210 SF | Floors | 9 |
| Property Type | Flex (Condo) | Typical Floor Size | 4,246 SF |
| Property Subtype | Year Built | 2022 | |
| Building Class | B | Lot Size | 0.42 AC |
| Zoning | M1-5 | ||
| Total Building Size | 38,210 SF |
| Property Type | Flex (Condo) |
| Property Subtype | |
| Building Class | B |
| Floors | 9 |
| Typical Floor Size | 4,246 SF |
| Year Built | 2022 |
| Lot Size | 0.42 AC |
| Zoning | M1-5 |
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Exceptionally walkable
90/100
Very drivable
80/100
Exceptional public transit
100/100
Moderately bikeable
60/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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3108 Northern Blvd - NYC Department of Transportation
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