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Metropolitan Industrial Park

50-05 Metropolitan Avenue, Flushing, NY 11385, USA
Total Size
81,111 sqft
Lot Size
55,000 sqft
Zoning
M3-1
Year Constructed
1930
Building Class
LEED Certification
None

Features

Onsite Parking

About Metropolitan Industrial Park

The Metropolitan Industrial Park at 50-05 Metropolitan Avenue provides New York’s investors with a great opportunity in Flushing. Future tenants hoping to rent office space, retail or industrial space will love what this spacious collection of properties has to offer.

Part of the Metropolitan Industrial Park, the complex of buildings at 50-05 Metropolitan Avenue in New York’s Flushing neighborhood boasts zoning for M3-1 and was constructed in 1930. Commuters are offered a parking lot of 8,000 square feet with this property, but there is also convenient public transportation access at the next corner.

The industrial warehouses at 50-05 Metropolitan Avenue sit at a high traffic intersection of New York and with a total building size of 81,111 square feet they enjoy an impressive presence on this high visibility spot.

A major tenant already trading from this site is Creative Eyewear Inc. and as the building at 49-29 Metropolitan Avenue is also up for sale, the Metropolitan Industrial Park is bound to see some major changes, possibly even re-development.

The collection of buildings that make up parts of the Metropolitan Industrial Park at 50-05 Metropolitan Avenue in New York feature red-brown brick facades with a typical 1930s architectural style. k

Internet Providers for Metropolitan Industrial Park

Provider Technology Max Download Speed Max Upload Speed
Verizon New York Fiber
1 Gb/s
25 Mb/s
Time Warner Cable Cable
100 Mb/s
6 Mb/s
MegaPath DSL
25 Mb/s
1.5 Mb/s

The Neighborhood: Maspeth

The typical asking rate per listing is in the $20's per square foot per year. The Maspeth submarket is going through a decline in rates. In the last 3 months, the median rate fell $20 per sqft per year. That's a 45% decline in rent.

Compared to the rest of the New York City market, the Maspeth submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.

Median Rate Median Size
Maspeth $24
/sqft/yr
25,600
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,372
sqft

Median Rate over Time in Maspeth