For Sale
$2,950,000

10-11 49Th AveQueens, NY 11101

Prime LIC location, 3-unit building, 3,289 SF

Overview

Added:
Dec 11, 2024
Days on market:
124
This exceptional mixed-use property, located at 10-11 49th Ave in Long Island City, Queens, NY 11101, presents a compelling investment opportunity. The 3,289 square foot building, constructed in 1931 and extensively renovated in 2017, boasts three units and sits on a 0.04-acre lot. Currently operating at 100% occupancy, with a lease expiration date of October 31, 2025, this Class A building offers significant potential for future growth. The property features 10-11 foot ceilings and is fully built-out, providing immediate usability. Its M1-4/R6B zoning allows for flexible use, accommodating medical, retail, or other permitted uses. The building's prime location, just one block from the subway, ensures excellent public transportation access and benefits from high foot traffic and proximity to major national tenants. Long Island City's rapid growth and development, coupled with the property's modern amenities and strong rental market, make this a highly attractive investment. The asking price is $2,950,000. This is a rare opportunity to acquire a well-maintained, income-producing asset in a thriving urban center.

Highlights

  • One block from subway, excellent public transit access.
  • High foot traffic, proximity to major national tenants, ideal for office/retail.
  • Rapidly growing Long Island City location, attractive for future development.
  • Fully renovated in 2017, modern amenities and design.
  • M1-4/R6B zoning, flexible use for residential, commercial, and light industrial.
  • 3,289 SF, 10-11' ceilings, full build-out condition.

Property Details for 10-11 49Th Ave

Property type
Retail properties, Mixed-use properties
Square Feet
3,289 SF
Class
A
Year Built/Renovated
1931/2017
Buildings
1
Stories
3
Lot Size (sq. ft)
1,742 SF
Units
3

Location Insight

City
Queens
County
Queens
State
New York
Latitude
40.743486
Longitude
-73.9532906
10-11 49Th Ave, Queens, New York

FAQs

What type of property is this?
Retail property - Prime LIC location, 3-unit building, 3,289 SF
Where is the retail property located?
The property is located at 10-11 49Th Ave Queens, NY.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: One block from subway, excellent public transit access.; High foot traffic, proximity to major national tenants, ideal for office/retail.; Rapidly growing Long Island City location, attractive for future development.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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10-11 49Th Ave
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