5-46 50th Avenue, Queens, NY 11101

This low-rise mixed-use property is configured as a 25-foot-wide building with 5,190 square feet of space on a 2,500-square-foot lot. The ground floor includes retail along with a rear artist studio, while four free-market residential apartments are positioned above. The property’s operating profile currently reflects in-place gross revenue of $326,724 with $39,167 in expenses, producing net operating income of $287,557, and there is additional pro forma upside projected upon stabilizing the residential units. The asset is also presented with a pets-allowed policy.

Located in Queens at 5-46 50th Avenue (11101), the property benefits from its established mixed-use setting near Vernon Boulevard and the East River waterfront. The listing describes the corridor as having consistent retail foot traffic supported by strong residential density and proximity to transportation, open space, and neighborhood amenities.

For investors and owner-operators, the structure supports a balanced strategy of maintaining retail income while capturing near-term residential lease-up potential, as the four apartments are currently vacant with no regulatory restrictions described. The combination of a base retail component and above-market flexibility can appeal to buyers seeking durable income today with options to adjust the commercial tenancy at lease expiration. The property’s M1-4 / R6B zoning is presented as dual-use supportive of continued mixed-use occupancy, subject to customary approvals.