58-30 Grand Avenue, Queens, NY 11378

Maspeth Industrial Building 151,500 Square Feet

58-30 Grand Avenue, Queens, NY 11378
Asking Price $42,000,000
Type Industrial
Neighborhood Maspeth
Properties 1
Lot Size 273' x 240'
Zoning Code M3-1
Size 151,500 SF
Stories 3
Units 4
Air Rights None
58-30

Investment Highlights:

Meridian Investment Sales is pleased to present for sale 58-30 Grand Avenue located in Maspeth, Queens, a neighborhood that has emerged as the forefront for Last Mile Logistics in New York City. The Property consists of four tenants with a path to vacancy by 2022 due to lease rollovers and LL termination options.

58-30 Grand Avenue presents the unique opportunity for an investor to reposition the building and capture the increasing industrial demand, or a user seeking to acquire a future distribution center that will service the New York City market.

Four (4) existing tenants

Six (6) loading docks (1st and 2nd Floors)

16 Foot ceiling heights on all floors

25 Foot Column Spacing

Separate gas meters per floor

Fully Sprinklered throughout

Location:

Corner of Grand Avenue and Rust Street

Property Listing Contact:

David Schechtman // Senior Managing Director // 800 3rd Ave., New York, NY // 212.468.5907 // dschechtman@meridiancapital.com

Lipa Lieberman // Managing Director // 800 3rd Ave., New York, NY // 212.468.5908 // llieberman@meridiancapital.com

Abie Kassin // Director // 800 3rd Ave., New York, NY // 212.468.5909 // akassin@meridiancapital.com

Chris Kim // Vice President // 800 3rd Ave., New York, NY // 212.468.5944 // ckim@meridiancapital.com