9-03 44Th Rd, Long Island City, NY 11101

93,347 SF | 82% Leased | 4-Star Industrial Building | Long Island City, NY 11101 | $31,500,000 ($337/SF) | 9.85% Cap Rate

Asking Price $31,500,000

Property Type: Industrial
Square Feet: 210,817,108 SF
Price / Square Foot: $337

Listing Contacts

Kostas Alafoyiannis

Ryan Maltz

Jonathan Rothstein

Matthew Ledvina

Property Overview

RIPCO REAL ESTATE has been retained on an exclusive basis to arrange for the sale of 9-03 44TH ROAD — in the Long Island City, Queens.
The newly constructed, three-story, multi-tenanted, M1-4 zoned industrial building spans across approximately 87,000 SF and encompasses an entire city block. The building boasts a solid tenant roster including Daikin Industries, Ltd. and Montana Datacom. Daikin Industries, Ltd. is a market-leading, publicly traded (DKILY), fortune 1000 company, specializing in multinational air conditioning manufacturing with ~$23B of revenue in 2020. Montana Datacom., established in 1996, is a Certified Woman Business Enterprise that distributes American-made electrical, data, transit, telephone, conduit, video, fire alarm, security, and industrial products. Additional tenancy includes various companies operating under several use groups.
Please reach out to the exclusive agents with any questions about the opportunity.

Property Details

Class: A
Year Built: 2021
Stories: 3
Property Subtype: Service, Loft/Creative Space
Lot Size (sq. ft): 47,916 SF

Highlights

99-year ground lease inclusive of a 25-year IDA tax exemption with the permanent CO delivered in 2021
Three-story newly constructed industrial-flex and office building that spans an entire city block
Ideal mix of credit and regional tenancy with varying lease terms
Ground floor warehouse space includes seven drive-in doors, 20’ ceiling heights and ample natural light
Amenities include public rooftop terrace with pergolas, seating areas, and a bocce ball court

All available spaces

Space: 2nd Floor, Ste 206-215
Size: 210,817,108 SF
Space Subtype: Relet

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