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3108 Northern Blvd 38,210 SF Industrial Condo Unit Offered at $36,188,473 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.
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.
NN Lease
Mezzanine: 8,210 SF
Dept. of Transportation approved site for Fleet Storage and HazMat Material storage.
NN 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
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
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit &Mezzanine | 38,210 SF | Industrial | $36,188,473 CAD ($947.09 CAD/SF) | $1,628,502.58 CAD |
Unit &Mezzanine
| Unit Size |
| 38,210 SF |
| Condo Use |
| Industrial |
| Price |
| $36,188,473 CAD ($947.09 CAD/SF) |
| NOI |
| $1,628,502.58 CAD |
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Unit &Mezzanine
| Unit Size | 38,210 SF |
| Condo Use | Industrial |
| Price | $36,188,473 CAD ($947.09 CAD/SF) |
| NOI | $1,628,502.58 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> NN Lease</li></ul> | |
| Sale Notes | |
| Exclusively Listed By <br> 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
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