Ideal Queens Queens, NY

As exclusive agent, Cushman & Wakefield’s National Industrial Advisory Group is pleased to offer 100% fee interest in Ideal Queens, located at 184-60 Jamaica Avenue in Queens, New York. This newly renovated industrial asset spans 623,879 square feet and is currently 98% leased to 20 tenants, with a weighted average lease term of five years—offering stable cash flow, minimal rollover exposure, and strong upside potential through future rent increases.

Ideal Queens consists of two interconnected buildings rising five and six stories, featuring thirteen loading docks, five freight elevators, wide column spacing, and unit sizes ranging from under 1,000 SF to over 115,000 SF all supported by robust floor loads. The property has benefited from over $10.28 million in recent capital improvements, including upgrades to windows, façade, freight elevators, roof, restrooms, and loading areas. These enhancements have driven over 240,000 SF of new leasing activity in the past 24 months.

Strategically positioned to serve one of the most densely populated regions in North America, Ideal Queens offers direct access to major transportation routes such as I-495, the Belt Parkway, and the Cross Island Parkway—enabling efficient delivery to more than 14.4 million consumers within a 60-minute drive.

In-place average rent of $15.23 PSF is more than 53% below market, presenting +22% NOI growth within five years.

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