3511 9th St | Long Island City, NY 11106
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- LoopNet Team
3511 9th St
Long Island City, NY 11106
The Cigar Factory · Office Property For Sale
Investment Highlights
- The 61.9% occupancy provides immediate cash flow for a new owner.
- Strategically located within an Opportunity Zone.
- In-place 25-year ICIP tax abatement, with 14 years remaining.
- Recent $5.0M in interior upgrades, with $1.4M in façade improvements underway.
- Irreplaceable scale of 2.62 FAR (compared to 1.25 as-of-right) offers rare canvass for future residential conversion.
PROPERTY FACTS
Property Type
Office
Property Subtype
Office/Residential
Building Size
120,559 SF
Building Class
C
Year Built/Renovated
1930/2017
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
30,140 SF
Building FAR
2.85
Lot Size
0.97 AC
Zoning
R5
Parking
15 Spaces (0.12 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Commuter Rail
- Courtyard
- Metro/Subway
- Property Manager on Site
- High Ceilings
- Natural Light
PROPERTY TAXES
| Parcel Number | 00329-0018 | Improvements Assessment | $3,339,654 |
| Land Assessment | $1,236,582 | Total Assessment | $4,576,235 |
PROPERTY TAXES
Parcel Number
00329-0018
Land Assessment
$1,236,582
Improvements Assessment
$3,339,654
Total Assessment
$4,576,235
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