The subject property is a 19,000 SF (approx.)
garage/warehouse building located on the southeast
corner of Grand Avenue and 55th Street in Maspeth, NY.
The property is currently comprised of 13,000 SF of
warehouse space and a total of 6,000 SF of newly
renovated office space. The ground floor warehouse area
is currently occupied by two tenants, one of which
occupies approx. 8,000 SF (plus mezzanine) with a lease
that expires in Feb-2015 and the other occupying approx.
5,000 SF plus 1st floor office space on a month-to-month
basis. The property also includes approx. 3,000 SF of
office space split between two levels currently being
occupied by ownership, and approx. 1,500 SF of 2nd floor
office space that is currently vacant. The garage area
features 25’ high ceilings and three 14’ high roll-up garage
doors. The property is conveniently located approximately
one mile south of the Long Island Expressway. A portion
of the property may be delivered vacant upon closing,
making it ideal for an owner/user or investor.