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4310 21st St 40,400 SF 75% Leased Industrial Building Long Island City, NY 11101 $20,928,000 CAD ($518.02 CAD/SF)
INVESTMENT HIGHLIGHTS
- 22,800 square foot lot, 40,400 square foot building
- Two-story, built in 1931, dimensions 95 x 240 feet, 13.5-foot ceilings with strong mushroom columns
- Roll-up gates on 21st Street and 43rd Avenue for easy loading
- M1-4, within the current study area for rezoning for high FAR or possible residential zoning.
- Corner lot, 4 spaces of 10,000 square feet each of tenant space, freight elevator, disable person lift, roof sign for branding
- Near 59th Street Bridge, easy access to Manhattan, Queens, and Brooklyn Queens Expressway, close to booming residential towers.
EXECUTIVE SUMMARY
Marcus & Millichap and Pinnacle Realty are exclusively co-listing the sale of 43-10 21st Street, a prime industrial property located at the southwest corner of 21st Street and 43rd Avenue in Long Island City, NY. This property is built on a 22,800 square foot corner lot with a two-story, 40,400 square foot building built in 1931. The building features dimensions of 95 x 240 feet, 13.5-foot ceilings with strong mushroom columns, a freight elevator, car parking and 10,000 square feet of vacant tenant space.
The location offers ease of access for shopping with roll-up gates on both 21st Street and 43rd Avenue, and the property runs along these two-way streets. Additionally, there is a sign on the roof for personal business branding. Located just south of the 59th Street Bridge, the property provides easy access to Manhattan, Queens, and the Brooklyn via the Brooklyn Queens Expressway. It is also near booming residential development, making it ideal for potential retail conversion on the ground floor. The property is in the current study area for rezoning for high FAR, and the current tenants cycle out between 2026 and 2027.
The location offers ease of access for shopping with roll-up gates on both 21st Street and 43rd Avenue, and the property runs along these two-way streets. Additionally, there is a sign on the roof for personal business branding. Located just south of the 59th Street Bridge, the property provides easy access to Manhattan, Queens, and the Brooklyn via the Brooklyn Queens Expressway. It is also near booming residential development, making it ideal for potential retail conversion on the ground floor. The property is in the current study area for rezoning for high FAR, and the current tenants cycle out between 2026 and 2027.
PROPERTY FACTS Under Contract
| Price | $20,928,000 CAD | Lot Size | 0.52 AC |
| Price Per SF | $518.02 CAD | Rentable Building Area | 40,400 SF |
| Sale Type | Investment | No. Stories | 2 |
| Sale Condition | 1031 Exchange | Year Built | 1931 |
| Property Type | Industrial | Parking Ratio | 0.12/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 13’5” |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Zoning | M1-4 - Manufacturing zone | ||
| Price | $20,928,000 CAD |
| Price Per SF | $518.02 CAD |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.52 AC |
| Rentable Building Area | 40,400 SF |
| No. Stories | 2 |
| Year Built | 1931 |
| Parking Ratio | 0.12/1,000 SF |
| Clear Ceiling Height | 13’5” |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | M1-4 - Manufacturing zone |
AMENITIES
- Metro/Subway
- Security System
- Signage
- Air Conditioning
UTILITIES
- Heating - Gas
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 10,000 SF | Industrial | - | Now |
1st Floor
| Size |
| 10,000 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 10,000 SF |
| Space Use | Industrial |
| Condition | - |
| Available | Now |
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (83)
PROPERTY TAXES
| Parcel Number | 00442-0018 | Improvements Assessment | $1,428,210 CAD |
| Land Assessment | $858,885 CAD | Total Assessment | $2,287,096 CAD |
PROPERTY TAXES
Parcel Number
00442-0018
Land Assessment
$858,885 CAD
Improvements Assessment
$1,428,210 CAD
Total Assessment
$2,287,096 CAD
1 of 32
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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4310 21st St
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