Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2511 49Th Ave Long Island City, NY 11101

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space with natural light and outdoor terraces for rent.

    Property size:
    17,422 SF
    Lot size:
    2.29 Acres

    Property Features for 2511 49Th Ave

    General Information

    Size
    17,422 SF
    Lot size
    2.29 Acres

    We can help!

    Listing Contact
    Peter Gross
    Peter Gross
    Source: Moodyscre

    Listing Agency: Avison Young | New York Listing Agent: Peter Gross

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

    Learn more

    Property Insight Report

    Overview

    Long Island City Office Space

    This office space in Long Island City features windows on all four sides, providing ample natural light and views. The property includes outdoor terrace spaces on the 5th, 7th, and 9th floors. High ceilings are present throughout the space. The side-core floor plates have minimal columns, making the space suitable for diverse use groups. The property size is 8779 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Building Supply

    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
    -73.943546
    Latitude
    40.741986

    Nearby Similar for Lease

    • $4,000 /Mo
      720 SF

      Astoria Retail or Office Space

      720 SF retail or office space in prime Astoria location.
      25-59 31St St, Astoria, NY 11102
      View Details
    • $4,200 /Mo
      2,000 SF

      Turnkey Medical Suite in Astoria

      Move-in-ready medical office in a high-traffic Astoria location.
      23-12 21St Ave, Astoria, NY 11105
      View Details
    • $13,500 /Mo

      Renovated Retail/Commercial Space in Astoria

      4,600 SF renovated retail/commercial space in prime Astoria location.
      30-75 Steinway St, Astoria, NY 11103
      View Details
    • $5,500 /Mo

      Retail Storefront in Long Island City

      Retail storefront in Long Island City with high foot traffic.
      28-09 39Th Ave, Long Island City, NY 11101
      View Details
    • $2,600 /Mo

      Move-In Ready Long Island City Suite

      Professional suite in Long Island City, ready for any business.
      2525 Borden Ave, Long Island City, NY 11101
      View Details
    • $2,450 /Mo

      Long Island City Office Suite

      Move-in ready office space in Long Island City.
      2525 Borden Ave, Long Island City, NY 11101
      View Details
    • $1,650 /Mo

      Long Island City Office Suite

      Move-in ready office space in the heart of Long Island City.
      2525 Borden Ave, Long Island City, NY 11101
      View Details
    • $2,275 /Mo

      Long Island City Office Suite

      Move-in ready office space in the heart of Long Island City.
      2525 Borden Ave, Long Island City, NY 11101
      View Details
    • $3,300 /Mo
      1,100 SF

      Modern Office Space in Astoria

      Move-in-ready office space in a prime Astoria location.
      3119 Newtown Ave, Astoria, NY 11102
      View Details
    • $2,000 /Mo
      400 SF

      Furnished Astoria Office Near Transit

      Turnkey office space in prime Astoria location near N/W train.
      22-45 31St St, Astoria, NY 11105
      View Details
    • $3,000 /Mo
      1,500 SF

      Astoria Office Space for Lease

      1500 SF office space in Long Island City, Queens.
      2409 41St Ave, Astoria, NY 11101
      View Details
    • $130 SF/Yr

      Prime Corner Retail Space Available

      High-visibility corner retail space in Long Island City.
      25-08 43Rd Ave, Long Island City, NY 11101
      View Details

    FAQs

    What type of property is this?
    Office units - Office space with natural light and outdoor terraces for rent.
    Where is this office units located?
    The property is located at 2511 49Th Ave Long Island City, NY.
    What are key features of this property?
    This property features: - Terrific views and ample natural light with windows on all four sides; - Enjoy outdoor terrace spaces on the 5th, 7th and 9th floors; - High ceilings throughout
    (914) 582-8275 Call to check price and availability
    Request Owner's contact information
    2511 49Th Ave Long Island City, NY 11101
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2511 49Th Ave
    Long Island City, NY 11101
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2511 49Th Ave Long Island City, NY 11101
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Peter Gross
    Peter Gross
    (914) 582-8275 (212) 729-7140 (212) 858-9438
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!