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32-32 Linden Pl 15,376 SF Industrial Building Flushing, NY 11354 $8,252,400 CAD ($536.71 CAD/SF) 4.42% Cap Rate
Investment Highlights
- Rare opportunity to acquire a sizable, income-generating commercial site in one of Queens’ most dynamic neighborhoods.
- Significant redevelopment potential for mixed-use, higher-density commercial, or residential conversion.
- Established tenant provides immediate cash flow while new owner pursues value-add or ground-up redevelopment.
- Excellent M1-1 zoning provides strong as-of-right flexibility for light industrial, commercial, office, hotel, retail, and service uses.
- Large lot supports substantial new construction or expansion.
Executive Summary
Stabilized Income-Producing Commercial Property with Strong Redevelopment Upside
• Rental Income: $22,115/month ($265,380 annualized)
• Building Size: 15,376 SF
• Lot Size: 15,625 SF (125’ × 125’)
• Zoning: M1-1 (Light Manufacturing)
• Year Built: 1959 | 1 Story | 1 Unit
• Current Use: Auto body / collision repair (G2) — fully operational and income-producing
• Cap Rate: ˜4.42% (going-in, based on current income)
Location Advantages
Strategically located in the heart of Flushing, a rapidly growing “Second Chinatown” with robust commercial activity, diverse demographics, and excellent transit access (7 train and proximity to LIRR). The area continues to attract significant investment and rezoning activity that supports higher-intensity development.
Investment Profile
Ideal for developers, investors, and owner-users seeking a turnkey income asset with substantial long-term upside in a high-demand Queens submarket. The combination of current rental income and redevelopment flexibility makes this a compelling opportunity in a location with proven buyer demand.
• Rental Income: $22,115/month ($265,380 annualized)
• Building Size: 15,376 SF
• Lot Size: 15,625 SF (125’ × 125’)
• Zoning: M1-1 (Light Manufacturing)
• Year Built: 1959 | 1 Story | 1 Unit
• Current Use: Auto body / collision repair (G2) — fully operational and income-producing
• Cap Rate: ˜4.42% (going-in, based on current income)
Location Advantages
Strategically located in the heart of Flushing, a rapidly growing “Second Chinatown” with robust commercial activity, diverse demographics, and excellent transit access (7 train and proximity to LIRR). The area continues to attract significant investment and rezoning activity that supports higher-intensity development.
Investment Profile
Ideal for developers, investors, and owner-users seeking a turnkey income asset with substantial long-term upside in a high-demand Queens submarket. The combination of current rental income and redevelopment flexibility makes this a compelling opportunity in a location with proven buyer demand.
Property Facts
| Price | $8,252,400 CAD | Lot Size | 0.36 AC |
| Price Per SF | $536.71 CAD | Rentable Building Area | 15,376 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 4.42% | Year Built | 1959 |
| Property Type | Industrial | Tenancy | Single |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | M1-1 - light manufacturing district in NYC designed for low-performance industrial uses, typically acting as a buffer between heavy industrial zones and residential/commercial areas | ||
| Price | $8,252,400 CAD |
| Price Per SF | $536.71 CAD |
| Sale Type | Investment |
| Cap Rate | 4.42% |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 0.36 AC |
| Rentable Building Area | 15,376 SF |
| No. Stories | 1 |
| Year Built | 1959 |
| Tenancy | Single |
| Opportunity Zone |
Yes |
| Zoning | M1-1 - light manufacturing district in NYC designed for low-performance industrial uses, typically acting as a buffer between heavy industrial zones and residential/commercial areas |
1 1
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 04950-0072 | Improvements Assessment | $745,396 CAD |
| Land Assessment | $225,111 CAD | Total Assessment | $970,507 CAD |
Property Taxes
Parcel Number
04950-0072
Land Assessment
$225,111 CAD
Improvements Assessment
$745,396 CAD
Total Assessment
$970,507 CAD
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Presented by
Joseph Fabrizio
32-32 Linden Pl
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