Ground-Leased Office
For Sale
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21-01 51st Avenue, Long Island City, NY 11101
100% leased, three-floor office building with loading docks, fenced outdoor space, and rooftop billboard signage rights.
Property Size62,650 SF
Days on Market55
Property Features for 21-01 51st Avenue
General Information
Standard status
Active
Size
62,650 SF
Elevators
Yes
Property subtype
Office
Zoning
M3-2
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$1,472,936
Amenities
two loading docks
fenced private outdoor space
tenant signage rights
rooftop billboard sign
Building Details
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
JLL - New York City, New York
Listed By:
Ethan Stanton · License #NY 10401252342
(212) 812-5700
Source:
Crexi
Added: Jul 23
Changed: Sep 14
Last Checked: Sep 15 at 6:58AM
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 JLL - New York City, New York
Investment Insights
Based on property information with market context.
This long-term ground-leased office building is 100% leased and stabilized, totaling 62,650 square feet across three floors. Tenant occupancy includes Ann Sacks Tile and Stone, STV-NAIK Engineering, and Skanska USA Civil Northeast. The property has received significant capital improvements, including tenant improvements, new HVAC, elevator modernization with roof-level access, facade and lobby renovations, and full electrical upgrades.
Operational features include two loading docks and a fenced private outdoor space at the first floor. Tenant signage rights provide visibility from the I-495 corridor, and the building has a rooftop billboard sign, with billboard income paid directly to the ground lessor rather than flowing through to the leaseholder.
For a ground-lease investor or tenant with office requirements in Long Island City, the stabilized structure, established tenancy, and recent building systems and common-area upgrades support day-to-day functionality.
Operational features include two loading docks and a fenced private outdoor space at the first floor. Tenant signage rights provide visibility from the I-495 corridor, and the building has a rooftop billboard sign, with billboard income paid directly to the ground lessor rather than flowing through to the leaseholder.
For a ground-lease investor or tenant with office requirements in Long Island City, the stabilized structure, established tenancy, and recent building systems and common-area upgrades support day-to-day functionality.
Key Highlights
- 62,650 SF office building across three floors
- 100% leased and stabilized with established tenant roster
- New HVAC, elevator modernization with roof‑level access, facade and lobby renovations
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,928
Businesses Nearby
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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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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - 100% leased, three-floor office building with loading docks, fenced outdoor space, and rooftop billboard signage rights.
Where is this office building located?
The property is located at 21-01 51st Avenue Long Island City, NY.
What are key features of this property?
This property features: 62,650 SF office building across three floors; 100% leased and stabilized with established tenant roster; New HVAC, elevator modernization with roof‑level access, facade and lobby renovations
