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5580 56th St
Flushing, NY 11378
Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- Strategically Located in the Heart of the Food and Spice Distribution Section of Mapeth Queens.
- Located Near I-495 Long Island EXPY and I-278 Brooklyn-Queens EXPY.
- 7000 SF Industrial Warehouse, 7000 SF Lot with M1-1 Zoning.
- Attractive 5% Rent Increases Every Year.
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to offer on exclusive basis the sale of 55-80 56th Street Maspeth NY. (Block: 2573 and Lot: 186)
The subject property is sitting on a 7000 SF lot with M1-1 Zoning, it is located in bussiest distribution area of Maspeth Queens.
The tenant is on a 5 years lease with 5% increases every year. Land lord is only responsible for the RE Tax base year 2022-2023.
The subject property is stratigically located near Brooklyn-Queens WXPY and Long Island EXPY.
This offers investors a safe and steady return in the one of the strongest RE industrial markets in the NY.
The subject property is sitting on a 7000 SF lot with M1-1 Zoning, it is located in bussiest distribution area of Maspeth Queens.
The tenant is on a 5 years lease with 5% increases every year. Land lord is only responsible for the RE Tax base year 2022-2023.
The subject property is stratigically located near Brooklyn-Queens WXPY and Long Island EXPY.
This offers investors a safe and steady return in the one of the strongest RE industrial markets in the NY.
PROPERTY FACTS
| Sale Type | Investment | Rentable Building Area | 6,756 SF |
| Cap Rate | 3.83% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1986 |
| Property Subtype | Distribution | Tenancy | Single |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 0.16 AC | ||
| Zoning | M1-1 - Light Industrial with Offices, Hotels, and Most Retail Uses Permitted. | ||
| Sale Type | Investment |
| Cap Rate | 3.83% |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | C |
| Lot Size | 0.16 AC |
| Rentable Building Area | 6,756 SF |
| No. Stories | 1 |
| Year Built | 1986 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | M1-1 - Light Industrial with Offices, Hotels, and Most Retail Uses Permitted. |
PROPERTY TAXES
| Parcel Number | 02573-0186 | Improvements Assessment | $536,823 CAD |
| Land Assessment | $132,544 CAD | Total Assessment | $669,367 CAD |
PROPERTY TAXES
Parcel Number
02573-0186
Land Assessment
$132,544 CAD
Improvements Assessment
$536,823 CAD
Total Assessment
$669,367 CAD
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