15 acres of vacant land in Maspeth selling for nearly $70M

Map via Google Maps

Maybe the future of manufacturing and warehouses in Queens isn’t dead yet.

Three vacant parcels of land zoned for manufacturing that combine for more than 15 acres are up for sale in Maspeth, and could be the future site of an industrial complex.

The three sites, which combined have about 1.3 million buildable square feet, are just east of the Kosciuszko Bridge and close to the Brooklyn-Queens Expressway. Together they are asking for about $67.9 million, or $100 per square foot.

The biggest chunk is about 12 acres and located to the right of supplier Restaurant Depot. The second largest, at 2.2 acres, is at 42-02 56th Rd., and the final parcel measures about 1.5 acres and is located at 44-02 57th Ave.

The lands are being marketed by Alan Cohen and Ben Waller of real estate firm ABS Partners, who said the parcels would be great for a logistics or distribution center that needs to be close to Manhattan.

“The opportunity for a buyer to control such a large piece of real estate so close to Manhattan does not come around very often,” Cohen said. “With a diminishing supply of warehouse space in Queens and Brooklyn, a buyer could utilize the million plus square feet of air rights to create a thriving manufacturing center.”