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47-51 33rd St 83,000 SF Industrial Building Long Island City, NY 11101 $40,481,681 CAD ($487.73 CAD/SF)

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INVESTMENT HIGHLIGHTS

Size: 36,750 square foot lot, 83,000 square foot building
Access: One loading dock and five roll-up gates on 33rd Street, Two gates on 48th Ave and Two 2nd floor gate 34th Street, creating exceptional ease of
Location: Long Island City, in the Sunnyside section, near 59th Street Bridge, easy access to Manhattan, Queens, and Brooklyn Queens Expressway, close

Building: Three-story L-shaped, built in 1943, outward dimensions 175 x 200 feet, predominantly 12.0-foot ceilings with concrete floorplates and mushr
Features: block-end 36,775 SF lot covering two corners of 48th Ave inclusive of 33rd St and 34th St, 5,775 sq ft of outdoor industrial space currently
Zoning: M1-4

EXECUTIVE SUMMARY

Vacant three-story industrial property with loading gates on two floors. 83,000 sq ft (indoor); 5,700 sq ft (outdoor) on a 36,775 sq ft lot.
Originally built to high industrial standards in 1943 for wartime munitions distribution, the property remains adaptable for various uses, including industrial production, warehousing, or redevelopment. Most of property features 13 ft ceilngs (clear height) and 20' mushroom column spans.
Property features a brand new gas-and-oil boiler, three phase electric, windows and roofs that were recently replaced and sprinklers throughout, with additional potential for further optimization. The site features strategic accessibility in an area with significant industrial activity and strong transportation links to Interstate highways, Manhattan and Brooklyn.

Offering Memorandum

PROPERTY FACTS

Price	$40,481,681 CAD	No. Stories	3
Price Per SF	$487.73 CAD	Year Built	1943
Sale Type	Investment	Tenancy	Single
Property Type	Industrial	Parking Ratio	0.24/1,000 SF
Property Subtype	Manufacturing Industrial Distribution Showroom Industrial Warehouse	Clear Ceiling Height	13’
Building Class	B	No. Dock-High Doors/Loading	7
Lot Size	0.84 AC	No. Drive In / Grade-Level Doors	1
Rentable Building Area	83,000 SF	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	M1-4, Queens (F1) - M1-4 zoning allows for commercial and light industrial applications. The building’s existing square footage exceeds the maximum usable as-of-right.

Price	$40,481,681 CAD
Price Per SF	$487.73 CAD
Sale Type	Investment
Property Type	Industrial
Property Subtype	Manufacturing Industrial Distribution Showroom Industrial Warehouse
Building Class	B
Lot Size	0.84 AC
Rentable Building Area	83,000 SF
No. Stories	3
Year Built	1943
Tenancy	Single
Parking Ratio	0.24/1,000 SF
Clear Ceiling Height	13’
No. Dock-High Doors/Loading	7
No. Drive In / Grade-Level Doors	1
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	M1-4, Queens (F1) - M1-4 zoning allows for commercial and light industrial applications. The building’s existing square footage exceeds the maximum usable as-of-right.