43-10 21st Street, Long Island City, NY 11101

For

Sale

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Download PDF Property

Sq. Ft.

40,400

Block

442

Lot

Zoning

M1-4

Types

Loft,
Industrial

Description

Prime 2-Story Flex Building in LIC
Unmatched Proximity to Manhattan. Tremendous Growth Potential.

Marcus & Millichap and Pinnacle Realty are exclusively co-listing the sale of 43-10 21st Street, a prime industrial property located at the southwest corner of 21st Street and 43rd Avenue in Long Island City, NY. This property is built on a 22,800 square-foot corner lot with a two-story, 40,400 square-foot building built in 1931. The building features dimensions of 95 x 240 feet, 13.5-foot ceilings with strong mushroom columns, a freight elevator, car parking, and 10,000 square feet of vacant tenant space.
The location offers ease of access for shopping with roll-up gates on both 21st Street and 43rd Avenue, and the property runs along these two-way streets. Additionally, there is a sign on the roof for personal business branding. Located just south of the 59th Street Bridge, the property provides easy access to Manhattan, Queens, and Brooklyn via the Brooklyn Queens Expressway. It is also near booming residential development, making it ideal for potential retail conversion on the ground floor. The property is in the current study area for rezoning for high FAR, and the current tenants cycle out between 2026 and 2027.

Investment Overview

Size: 22,800 square foot lot, 40,400 square foot building
Zoning: M1-4, within the current study area for rezoning for high FAR or possible residential zoning.
Building: Two-story, built in 1931, dimensions 95 x 240 feet, 13.5-foot ceilings with strong mushroom columns
Features: Corner lot, 4 spaces of 10,000 square feet each of tenant space, freight elevator, disable person lift, roof sign for branding
Access: Roll-up gates on 21st Street and 43rd Avenue for easy loading
Lease: Tenants cycle out between 2026 and 2027, potential for retail conversion on the ground floor
Location: Long Island City, near 59th Street Bridge, easy access to Manhattan, Queens, and Brooklyn Queens Expressway, close to booming residential towers
Parking: Small parking lot that can accommodate 5 cars