160-23 Rockaway BlvdQueens, NY 11434

This exceptional investment opportunity presents a 18,000 square foot, two-building office complex situated on a full city block in Queens, New York. The property, built in 1966, features a total of 18,000 net rentable square feet across three stories, currently boasting 10% occupancy. The asking price is $3,850,000, translating to $213.89 per square foot. The property is classified as a Class B, multi-tenant, gross lease building and sits on a 20,000 square foot lot zoned R3-2/C2-2. Two existing parking lots provide an additional 7,500 square feet of space. The property's prime location offers easy access to major transportation arteries, including JFK Airport (1.5 miles), the Belt Parkway (1.2 miles), Cross Island Parkway (1.5 miles), and the Van Wyck Expressway (1.4 miles), providing convenient access to Brooklyn, Queens, and Long Island. The property is currently tenanted at 10% occupancy and can be delivered vacant or with existing tenants. This presents a significant value-add opportunity through renovations and lease-up, or complete redevelopment. The zoning allows for a wide range of potential uses, including construction company headquarters, e-commerce fulfillment centers, transportation businesses, solar/battery storage facilities, non-profit organizations, churches, townhouses, retail spaces, warehouses, franchises, and self-storage facilities. This is a rare chance to acquire an entire city block with immense potential for future development and significant return on investment.