Large-Scale As-Of-Right Development
For Sale
Contact for pricing
11-15 47th Avenue & 11-18 46th Road, Long Island City, NY 11101
Two contiguous development parcels with wraparound frontage and as-of-right residential potential for rental or condominium use.
Property Size22,000 SF
Days on Market39
Property Features for 11-15 47th Avenue & 11-18 46th Road
General Information
Standard status
Active
Size
22,000 SF
Property subtype
Land
Zoning
M1-4/R6B, M1-4/R7A, LIC
Investment Type
Redevelopment
Building Details
Buildings
2
Listing Agency:
BKREA
(917) 509-9501
Listed By:
Bob Knakal · License #NY 10301211305
Source:
Crexi
Added: Jul 2
Changed: Aug 8
Last Checked: Jul 3 at 2:03PM
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 BKREA
Investment Insights
Based on property information with market context.
This offering consists of two contiguous development parcels totaling 22,000 square feet, providing wraparound frontage along 47th Avenue, 46th Road, and 11th Street. The site is positioned just outside the OneLIC rezoning area, allowing it to retain its current as-of-right zoning while still aligning with anticipated neighborhood growth. Development potential includes 81,479 square feet of ZFA at a 2.83 FAR, with potential up to 100,294 square feet of ZFA at a 3.49 FAR through UAP. The configuration supports planning for either rental or condominium development.
The parcels are located in the heart of Long Island City, Queens, with access to major transit options. Service includes the E, F, 7, and G subway lines, and the Long Island Rail Road at Hunterspoint Avenue. Connections to Metro-North via Grand Central Terminal are also highlighted, supporting convenient travel throughout the greater New York metropolitan area.
For developers and investors, the combination of as-of-right zoning and enhanced-density potential offers flexibility in project scale and product type. The site’s location near the broader OneLIC planning initiative provides an opportunity to develop in a market benefiting from ongoing public and private investment and strong residential and commercial submarket activity.
The parcels are located in the heart of Long Island City, Queens, with access to major transit options. Service includes the E, F, 7, and G subway lines, and the Long Island Rail Road at Hunterspoint Avenue. Connections to Metro-North via Grand Central Terminal are also highlighted, supporting convenient travel throughout the greater New York metropolitan area.
For developers and investors, the combination of as-of-right zoning and enhanced-density potential offers flexibility in project scale and product type. The site’s location near the broader OneLIC planning initiative provides an opportunity to develop in a market benefiting from ongoing public and private investment and strong residential and commercial submarket activity.
Key Highlights
- Two contiguous development parcels in the heart of Long Island City, Queens: 11‑15 47th Avenue & 11‑18 46th Road
- Wraparound frontage along 47th Avenue, 46th Road, and 11th Street
- As‑of‑right residential development potential: 81,479 SF ZFA with 2.83 FAR
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,091
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Two contiguous development parcels with wraparound frontage and as-of-right residential potential for rental or condominium use.
Where is this residential land & home lot located?
The property is located at 11-15 47th Avenue & 11-18 46th Road Long Island City, NY.
What are key features of this property?
This property features: Two contiguous development parcels in the heart of Long Island City, Queens: 11‑15 47th Avenue & 11‑18 46th Road; Wraparound frontage along 47th Avenue, 46th Road, and 11th Street; As‑of‑right residential development potential: 81,479 SF ZFA with 2.83 FAR
