18,000 sf Building with 18,000 sf Land For Sale
Property Details
DY Realty Group, LLC is pleased to announce that it has been retained on an exclusive basis to handle the sale of three 6,000 sf industrial buildings in Maspeth, Queens, along with 18,000 sf of land. The property can be purchased as one contiguous piece or potentially on division.
These Class A industrial buildings were built in 2004 to the highest of standards. The buildings each feature a ground floor warehouse of 4,000 sf with 1 drive-in & 20’ clear ceilings, as well as 2,000 sf of nicely finished second floor office, including HVAC & private bathrooms. There are 9 years remaining on an ICAP tax abatement. There is 18,000 sf of paved and fenced land behind the buildings.
The site is zoned M2-1 which allows for an FAR of 2.0 or a total buildable of 60,000 sf for commercial use.
The properties are ideally located in the heart of Maspeth, minutes from the Long Island Expressway & Brooklyn-Queens expressway.
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Area Profile
The area known today as Maspeth was chartered by Dutch and English settlers in the mid-17th century. The name "Maspeth" is derived from the name of Mespeatches Indians, one of the 13 main Indian tribes that inhabited Long Island.
The Grand Street Bridge carries Grand Street (Brooklyn) eastward across English Kills from Williamsburg where it becomes Grand Avenue, Maspeth's main street for dining and business. Single home houses and multiple dwelling homes make up most of Maspeth's residential uses, except for the co-ops on 65th Place, also known as The Plateau.
Maspeth's industrial sector lies primarily between 43rd Street through 58th Street, which includes the former Furman Island. The area is primarily accessed via the Brooklyn Queens Expressway and Long Island Expressway. Freight also moves along the active rail siding of the Long Island Railroad and a new West Maspeth rail freight station has been proposed in connection with a Cross-Harbor Rail Tunnel to diminish truck traffic across New York City.
Zoning
M2 districts occupy the middle ground between light and heavy industrial areas. They are mapped mainly in the city's older industrial areas along the waterfront, such as Brooklyn's Red Hook and Sunset Park waterfronts.
Required performance standards in all M2 districts are lower than in M1 districts. Except when bordering on a residential district, more noise and vibration are allowed than in an M1 zone, smoke is permitted and industrial activities need not be entirely enclosed.
Parking is a requirement in M2-1 zones. Primarily located in older manufacturing areas, these sites have a maximum FAR of 2.0 and a maximum base heights before setback of 60 ft.
