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Street-Level Retail and Office Space
For Lease
$5,500/Mo Modified Gross

1011 49th Avenue, Long Island City, NY 11101

Street-level space with first-floor and basement area, offered on a modified gross lease for immediate occupancy.

Space SizeContact for details
Property Size3,289 SF
Days on Market32

Property Features for 1011 49th Avenue

General Information

Standard status Active
Size 3,289 SF
Property subtype Retail
Lease Type Modified Gross

Taxes and HOA fees

Annual Taxes $27,701

Building Details

Building Size 3,289 SF
Year Built 1931
Listing Agency: Sany Realty Group LLC
Listed By: Yanlan K. Hong
Source: Serhant
Added: Jul 24 Changed: Aug 23 Last Checked: Aug 23 at 4:59AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sany Realty Group LLC

Investment Insights

Based on property information with market context.

Prime street-level commercial space is available for lease with first-floor and basement area. The space offers excellent frontage and visibility, and is available for immediate occupancy under a modified gross lease structure.

The property is located in Long Island City, approximately one block from the Vernon Boulevard–Jackson Avenue 7 train station and within minutes of Midtown Manhattan. The surrounding area includes dense residential development, established businesses, and strong pedestrian traffic.

The space is described as suitable for medical, dental, physical therapy, wellness, beauty, professional office, café, or neighborhood retail uses, subject to applicable zoning and approvals.

Key Highlights

  • Approximately 2,000 SF street‑level commercial space with first floor and basement areas
  • Modified gross lease structure
  • Immediate occupancy available

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Nursing Home Pet Grooming Service (Bike/Boat/Book/etc) Store Adult Day Care Mobile Phone Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Modified Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

4,136
Businesses Nearby
Balanced
Demand for This Use

Demographics for 11101, NY

48,867
Population
27,093
Households
1.8
Avg Household Size
33
Median Age
65%
College-Educated
90%
High-School Grad
2.6 sq mi
ZIP Area
18,795
Density / Sq Mi
$116,807
Median Household Income
$83,892
Median Earnings
$2,740
Median Rent
$995,500
Median Home Value

Market

Lease Benchmarks for Long Island City, NY

$44.59 /SF/Yr
Avg Asking Price
$18–$75.37 /SF/Yr
Price Range
3,020 SF
Avg Space Size

This space is priced 26% below the average of $44.59 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

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  • Bond Vet - Long Island City 47-01 Vernon Blvd, Queens, NY 11101
  • Veterinary Care Group - Greenpoint 1059 Manhattan Ave, Brooklyn, NY 11222

Frequently Asked Questions

What type of property is this?
Medical Office Space - Street-level space with first-floor and basement area, offered on a modified gross lease for immediate occupancy.
Where is this medical office space located?
The property is located at 1011 49th Avenue Long Island City, NY.
What is the lease rate?
The lease rate is $5,500/Mo.
What are key features of this property?
This property features: Approximately 2,000 SF street‑level commercial space with first floor and basement areas; Modified gross lease structure; Immediate occupancy available
More about this property
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