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3809 24th St
Long Island City, NY 11101

Industrial Property For Sale

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Investment Highlights

Great Location in the heart of Long Island City
Perfect for redevelopment
Property Values increasing over 5% per year

Easy Access to Subways & Mass Transit
2 Additional Stories can be added to this building making it perfect for mixed use
Currently being used as a Auto Body Shop & Leased for $7,000 per month.

Executive Summary

Great location located in the heart of Long Island City minutes from NYC. Easy access to subways and mass transit. Vibrant growing community. Perfect for redvelopment, 2 stories can be added to the builing making it perfect for mixed use. Properties values increasing over 5% per year. Currently being used for auto-body shop & leased for $7,000 per month. There are five years remaining with 4% per years increases per year, plus taxes starting base from $20,000.00.

PROPERTY FACTS

Sale Type	Investment	No. Stories	1
Property Type	Industrial	Year Built	1930
Property Subtype	Service	Tenancy	Single
Building Class	C	No. Drive In / Grade-Level Doors	1
Lot Size	0.12 AC	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.
Rentable Building Area	5,000 SF

Sale Type	Investment
Property Type	Industrial
Property Subtype	Service
Building Class	C
Lot Size	0.12 AC
Rentable Building Area	5,000 SF
No. Stories	1
Year Built	1930
Tenancy	Single
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.

About 3809 24th St , Long Island City, NY 11101

Currently leased $7,000 per month, 5 years remaining with 4% per years increases per year, plus taxes starting from $20,000. Great location minutes from NYC, great access to subways & mass transit. Perfect for redevelopment. 2 stories can be added to building. Currently being used as an auto body shop.

PROPERTY TAXES

Parcel Number	00388-0008	Improvements Assessment	$181,092 CAD
Land Assessment	$223,965 CAD	Total Assessment	$405,057 CAD

PROPERTY TAXES

Parcel Number

00388-0008

Land Assessment

$223,965 CAD

Improvements Assessment

$181,092 CAD

Total Assessment

$405,057 CAD

zoning

Zoning Code	M1-2 (Garage 1 Stry Semi-Fireproof)
M1-2 (Garage 1 Stry Semi-Fireproof)

Listing ID: 11850570
Date on Market: 2018-03-09
Last Updated:
Address: 3809 24th St, Long Island City, NY 11101

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