5-46 50th Avenue Queens, NY 11101
- Added:
- Mar 2, 2026
- Days on Market:
- 47
- Last Refresh:
- Apr 18 at 8:06 pm
Property Features for 5-46 50th Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- Garage
- Standard status
- Active
- Size
- 5,190 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 0
Building Details
- Architectural style
- Other
Listing agent Erion Ahmetaj (917) 597-5736
Listing office Compass 90 Fifth Avenue, 3rd Floor, New York, NY (646) 982-0353
Listing date Mar 2, 2026
MLS# 11665518
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Queens Mixed-Use Investment Opportunity
This mixed-use investment property is located in a well-established and supply-constrained area of Long Island City, near Vernon Boulevard and the East River waterfront. The location benefits from strong residential density, consistent retail foot traffic, and proximity to transportation, open space, and neighborhood amenities. The property has a building area of approximately 5,190 square feet on a 2,500-square-foot lot. The building, which is 25 feet wide, includes a ground-floor retail space, a rear artist studio, and four free-market residential apartments above. The property's configuration allows for stable retail income and residential upside. The building width and layout provide efficient residential floor plates. The four residential units are fully free-market and currently vacant, presenting an opportunity to lease at market rents. The property is located within an M1-4 / R6B zoning district, which supports continued mixed-use occupancy and offers strategic long-term flexibility. Investors may consider multiple strategies, including holding and stabilizing for durable cash flow, enhancing residential revenue, repositioning the commercial component upon lease expiration, and evaluating longer-term redevelopment potential. Long Island City benefits from proximity to Midtown Manhattan, accessibility, rental depth, and waterfront positioning. The Vernon Boulevard corridor is a sought-after residential area. The building dimensions are 25 ft x 42 ft. The building class is S3 Primarily Four-Family with One Store & Office.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
LEDO - The Art Of The Barber
Barber Shop
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.954861
- Latitude
- 40.742698
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use building in Long Island City near Vernon Boulevard.
Where is this mixed-use property located?
The property is located at 5-46 50th Avenue Queens, NY.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Prime Location: Situated in a highly desirable area of Long Island City, near Vernon Boulevard and the East River waterfront.; Significant Income Potential: Generates substantial in‑place gross revenue ($326,724) with a pro forma capitalization rate of approximately 5.5% upon residential stabilization.; Free‑Market Residential Units: Four vacant, free‑market apartments offer immediate lease‑up potential at market rents.
