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    533 48Th Ave Long Island City, NY 11101

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    For Sale
    $7,000,000

    Five adjacent, fully leased retail condo units in Long Island City.

    Property size:
    10,048 SF
    Lot size:
    0.30 Acres

    Property Features for 533 48Th Ave

    General Information

    Size
    10,048 SF
    Lot size
    0.30 Acres

    Source: B6 Real Estate Advisors Agent John Koutsos

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Condos in Hunters Point

    This offering comprises five adjacent retail condominium units, fully leased to secure tenants. The property benefits from its location on 48th Avenue, offering prime frontage and proximity to major transit hubs and ferry access. The building includes 41 luxury condominiums above the retail space. Situated in Hunters Point, the location experiences strong retail and residential demand. The area has potential for major rezoning in Long Island City, with thousands of new homes planned.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Long Island City
    County
    Queens
    State
    New York
    Longitude
    -73.927827
    Latitude
    40.740334

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    FAQs

    What type of property is this?
    Retail space - Five adjacent, fully leased retail condo units in Long Island City.
    Where is this retail space located?
    The property is located at 533 48Th Ave Long Island City, NY.
    What is the asking price?
    The asking price for this property is $7,000,000.
    What are key features of this property?
    This property features: - Prime frontage on 48th Avenue, close to major transit hubs and ferry access; - Fully Leased to Secure Tenants; - Potential for Major Rezoning in LIC - thousands of new homes in the area
    (212) 473-2600
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    533 48Th Ave Long Island City, NY 11101
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    Long Island City, NY 11101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    533 48Th Ave Long Island City, NY 11101
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