42-45 12th Street

Exclusive Offering - Vacant Six-Story Industrial Building - Heart of Long Island City

42-45 12th Street, Long Island City, NY 11101
Asking Price Submit Offers
Type Industrial
Neighborhood Long Island City
Properties 1
Lot Size 87' x 100'
Zoning Code M1-4
Size Existing Building Size 42,000 SF - Proposed Gross Building Size 50,625 SF
Stories 6
Units One storage warehouse
Air Rights

Investment Highlights:

Meridian Investment Sales is pleased to present exclusively 42-45 12th Street, a vacant warehouse building prime for redevelopment in the heart of Long Island City. Still riding an unprecedented wave of growth from its demographic makeup and proximity to public transportation, investors have the ability to acquire a historic asset equidistant from Queensboro Plaza and Court Square – two of the main commercial and transportation hubs in Queens.

Previously home to Steinway Storage Warehouse, 42-45 12th Street is a vacant six-story industrial building with plans in-place to build a nine-story commercial building. With 87 feet of frontage, the property benefits from exceptional building characteristics including 23 foot ceilings on the ground floor and 13 feet from the balance of floors 2-6. Zoned M1-4, investors have the immediate ability to reposition the asset for commercial, live-work or industrial uses with a community facility component.

Location:

Situated Immediately off of the Ed Koch Queensboro Bridge

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