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

1011 49th Avenue, Long Island City, NY 11101

Commercial Lease, Long Island City, NY

Space Size2,000 SF
Lot Size0.04 Acres
Days on Market49

Property Features for 1011 49th Avenue

General Information

Property type Commercial Lease
Property subtype Retail
Zoning M1-4
Rooms Basement
Basement Finished
Elementary school district Queens 30
Middle school district Queens 30
High school district Queens 30
Standard status Active
APN 00044-0005
Lot size 0.04 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 27701

Utilities

Utilities Electricity Available
Sewer type Public Sewer
Heating system Electric (Heating)
Cooling system Central Air
Water source Public

Building Details

Year built 1931
Building materials Block
Listing Agency: Sany Realty Group LLC
Listed By: Yanlan K. Hong
Added: Jul 23 Changed: Sep 6 Last Checked: Sep 9 at 12:06PM
MLS# 1030268

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This retail space offers approximately 2,000 square feet across a first-floor storefront and basement area. The property has block construction, central air, electric heat, public water and public sewer, with electricity available. Immediate occupancy is available under a modified gross lease structure.

The space is located at 1011 49th Avenue in Long Island City, 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 pedestrian activity. Potential applications identified for the space include medical, dental, physical therapy, wellness, beauty, professional office, cafe, and neighborhood retail uses, subject to applicable zoning and approvals.

Key Highlights

  • Approximately 2,000 square feet across first floor and basement
  • One block from the Vernon Boulevard‑Jackson Avenue 7 train station
  • M1‑4 zoning on a 0.0378‑acre lot

Property Analytics

Current Use

Retail 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

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

$63.65 /SF/Yr
Avg Asking Price
$25.38–$120 /SF/Yr
Price Range
5,292 SF
Avg Space Size

This space is priced 48% below the average of $63.65 /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
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Frequently Asked Questions

What type of property is this?
Retail space - Street-level commercial space with basement area and a modified gross lease structure.
Where is this retail 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 square feet across first floor and basement; One block from the Vernon Boulevard‑Jackson Avenue 7 train station; M1‑4 zoning on a 0.0378‑acre lot
More about this property
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