Warehouse Fresh Meadows162-20 77th Rd

11,000 SF | 75% Leased | Flex Building | Flushing, NY 11366 | $5,750,000 ($522.73/SF) | 6.26% Cap Rate

INVESTMENT HIGHLIGHTS

• Quick access to Grand Central Pkwy & Van Wyck Expwy
• Surrounded by restaurants, bars, coffee shops, and retail

• Bus stop just 100 ft away
• Corner of a quiet residential street + urban convenience off Union Turnpike

EXECUTIVE SUMMARY

EXCEPTIONAL COMMERCIAL OPPORTUNITY IN FRESH MEADOWS | WAREHOUSE & OFFICE SPACE WITH PRIME LOCATION AND UNMATCHED UPSIDE to Make 8%+ CAP RATE

This is not just a property—it is a rare investment opportunity in the thriving heart of Fresh Meadows. With over 11,000 square feet of renovated commercial space, a solid 8% cap rate, and over $1 million in capital improvements, this mixed-use office and warehouse asset offers tremendous income today and exponential potential for tomorrow.

Newly renovated in 2023, this building blends industrial strength with modern functionality. Whether you’re an end-user, investor, or developer, the infrastructure, layout, and location are designed to deliver maximum efficiency and long-term returns.

PROPERTY OVERVIEW

– Total Building Size: 11,000 sq. ft.
– Configuration: Two floors, multiple office suites, warehouse space, 2 kitchens, 1 kitchenette, gym, sauna, three bathrooms with shower!
– 12 dedicated on-site parking spaces
– Concrete, steel, and block construction
– Drive-through capability from 77th Road through the backyard to 78th Avenue
– Multi-tenant access points and flexible layout for various configurations

Breakdown of Usable Space:

– First Floor: 6,000 sq. ft.
Approx. 4,500 sq. ft. of warehouse
Approx. 1,500 sq. ft. of office space
– Second Floor: 5,000 sq. ft.
Approx. 4,500 sq. ft. of office space
Approx. 500 sq. ft. of warehouse space

STATE-OF-THE-ART IMPROVEMENTS

No detail has been overlooked. This property is equipped with premium upgrades that set it apart from the market standard:

– Over $1,000,000 in improvements completed
– Skylights throughout for enhanced natural lighting
– High-efficiency LED lighting system
– Heated warehouse for year-round use
– Modern security and CCTV surveillance systems
– Electronic access control system
– Individual rooftop HVAC units for each tenant
– Hydronic snow melt system for safety and convenience
– Landscaped grounds with sprinkler irrigation

This is a turnkey opportunity with both functionality and polish—ready to support a variety of business operations or tenant uses.

INCOME AND INVESTMENT POTENTIAL

Currently occupied by two solid tenants, this property generates a gross rental income of $360,000 per year with plenty of room to grow to minimum of $480,000+

Additionally, the owner is offering a separately deeded 2,000 sq. ft. rear lot for an additional $800,000. This lot offers the opportunity to develop an additional 4,000 sq. ft. commercial structure, increasing rental income and long-term asset value significantly.

Whether you choose to lease, expand, occupy, or redevelop—this asset delivers flexibility and the capacity to evolve alongside your vision.

STRATEGIC LOCATION

Located at the intersection of business accessibility and residential charm, this property sits right off of Union Turnpike, on a corner residential street, offering visibility and tranquility. The Grand Central Parkway and Van Wyck Expressway are just moments away, with public transportation steps from the front door (bus stop 100 ft. away). This prime Fresh Meadows location is surrounded by:

– Retail and service businesses
– Coffee shops, restaurants, and bars
– A dense residential base, perfect for walk-in traffic and workforce access

SEEING IS BELIEVING

While this ad outlines the many highlights, the true potential of this property can only be appreciated in person. Photos and bullet points cannot capture the scale, quality, or possibilities this site offers. From logistics to executive office space, fitness amenities to development potential, this property is a rare find in today’s market.

Contact Gina Taylor today to schedule your private showing.
This is your opportunity to secure a high-performing asset in a premier New York City location with strong fundamentals and untapped upside.

PROPERTY FACTS

AMENITIES

• Security System
• Skylights

UTILITIES

• Heating

TRANSPORTATION

COMMUTER RAIL
Kew Gardens Station	6 min drive	2.2 mi
Jamaica Station	5 min drive	2.2 mi
Hillside Facility	7 min drive	2.6 mi
Forest Hills Station	6 min drive	2.6 mi
Hollis Station	8 min drive	3.2 mi

PROPERTY TAXES

• Listing ID: 35775741
• Date on Market: 5/7/2025
• Last Updated: 7/10/2025
• Address: 162-20 77th Rd, Flushing, NY 11