The Cigar Factory

Long Island City, New York

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Building

Stats

  • Property Type Office - Creative/Loft, Industrial - Flex Space
  • Building size (SF) 120,559
  • Price $34,900,000

Overview

Avison Young, as exclusive agent, is pleased to offer for sale The Cigar Factory building located at 35-11 9th Street in Astoria, Queens (the “Property”). Situated on a full block-front along 35th Avenue, this former factory building offers 4-stories of creative office space totaling 120,559 rentable square feet. The Property sits on a 42,000 square foot lot with approximately 610 feet of wraparound frontage along 35th Avenue, 10th Street, and 9th Street. In addition to the Property, a 5,010 square foot lot used as a parking area for the office, located a few doors down at 35-31 9th Street (the “Lot”) is also available.

Highlights

Comprehensively renovated former factory building offering aesthetic creative office space

Irreplaceable street presence, with 610 feet of wraparound frontage on full block front

Recent $5.0M in interior upgrades and $1.4M in façade improvements underway

120,559 ± RBA offers immediate scale

55.0% occupancy provides current cash flow
In-place 25-year ICIP tax abatement, with 14 years remaining

Upside rent potential with in-place rents 30% below market

Opportunity Zone

Irreplaceable scale of 2.62 FAR compared to 1.25 as-of-right offers rare canvass for future residential conversion

Location Map

Team

Erik Edeen

Erik Edeen

Principal, Director of Investment Sales Operations
Avison Young - US - NY - New York
203 927 7480
Brent Glodowski

Brent Glodowski

Director
Avison Young - US - NY - New York
202 246 4123
Charles Kingsley

Charles Kingsley

Principal
Avison Young - US - NY - New York
917 312 0778
James Nelson

James Nelson

Principal, Head of Tri-State Investment Sales
Avison Young - US - NY - New York
917 362 1485

Downloads

Cigar Factory Argus File

BRI-BC-015_-_Cigar_Factory_-_Lighting_Works.pdf

BRI-BC-014_-_Cigar_Factory_-_LG_Woodworking.pdf

BRI-BC-013_-_Cigar_Factory_-_Levain_-_04.22.2021.pdf

BRI-BC-012_-_Cigar_Factory_-_Kas_22___Co_-_04.21.2021.pdf

BRI-BC-011_-_Cigar_Factory_-_Iolite_Studios.pdf

35-11_9th_Street_OM_8.16.21.pdf

BRI-BC-010_-_Cigar_Factory_-_FlowerBx.pdf

BRI-BC-009_-_Cigar_Fatory_-_Di_Salvo___Son_-_04.21.2021.pdf

BRI-BC-008_-_Cigar_Factory_-_DFAM_-_04.21.2021.pdf

BRI-BC-007_-_Cigar_Factory_-_Benjamin_Degen_-_04.21.21.pdf

BRI-BC-024_-_Cigar_Factory_-_Star_Parker.pdf

BRI-BC-023_-_Cigar_Factory_-_Spices_and_Tease.pdf

BRI-BC-022_-_Cigar_Factory_-_Spectrafem_-_04.25.21.pdf

BRI-BC-020_-_Cigar_Factory_-_Schneller_-_04.25.21.pdf

BRI-BC-019_-_Cigar_Factory_-_Padoca_-_04.25.21.pdf

BRI-BC-018_-_Cigar_Factory_-_Noir_Hanna.pdf

BRI-BC-017_-_Cigar_Factory_-_MD_Studios_-_04.22.2021.pdf

BRI-BC-016_-_Cigar_Factory_-_Manhattan_Theatre_Club_-_04.22.2021.pdf

Floor_Plans.pdf

35-11 9th Street Flyer

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