25-44 Borough Place — Sale in Queens, NY

  • Price: $5.6M
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Queens, NY 11377
  • Size: 16,337 SF

Photos

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25-44 Borough Place — Sale in Queens, NY, photo 8 of 8

Investment Figures

Price per square foot
$343

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis to arrange the sale of 25-44 Borough Place (the “Property”), a 60,000 square foot industrial facility located in the highly coveted industrial pocket of Woodside, Queens with immediate proximity to LaGuardia Airport. The Property features 36,000 sq. ft. of open ground floor warehouse space with ceiling heights ranging from 15 to 50 feet, 4 interior loading docks, 2 exterior loading docks, all with trailer access. The building is further supported by 12,000 sq. ft. of second floor office space and 12,000 sq. ft. of underground parking. Additionally, 25-44 benefits from an easement with Amtrak for 9,162 sq. ft. along 50th Street. The Property is 100% leased to Super-Tek Products, a subsidiary of Sika Group, which carries investment grade credit (A-) with approximately 6.7 years remaining on its lease through November 2032. The ground floor is currently subleased to Sylvan Cabinetry through November 2032 as well.

Market Context

This industrial in Queens, NY is listed for sale at $5,603,000 across 16,337 SF. Compare it against other industrial listings for sale in Queens, NY — view the full market.

Estimated Price per SF

$151.61/SF – $1,103/SF

Mid: $459.41/SF

Estimated price for 16,337 SF: $7,505,381 (range $2,476,853 – $18,012,849)

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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