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Long Island City Retail Space

33-24 Northern Blvd Long Island City, NY 11101

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35,000 SF retail space in Long Island City.

Type:RETAIL
Property size:
35,000 SF
Price / SF:
$271/SF
Added:
Apr 24, 2026
Days on Market:
80
Last Refresh:
May 8 at 3:34 am

Property Features for 33-24 Northern Blvd

General Information

Standard status
Active
Size
35,000 SF
Property subtype
RETAIL

Listing office Lee & Associates | Long Island

Listing date Apr 24, 2026

Source Moodyscre

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 Lee & Associates | Long Island


Investment Insights

Based on property information with market context.

This commercial property offers 35,000 square feet of retail space and is located in Long Island City, New York.

Key Highlights

  • 35,000 SF retail space
  • Located in Long Island City

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $1.05M $30.00
− Vacancy −$157.5k −$4.50
EGI $892.5k $25.50
− OpEx −$267.8k −$7.65
NOI $624.8k $17.85
35,000 SF · lease $30.00/SF/yr · vacancy 15.00% · expense 30.00%

Alternative Uses

Best Use
Retail
$8.93M
$7.81M – $10.41M (±1% cap)
NOI $624,750 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$25.80M
$22.58M – $30.10M (±1% cap)
NOI $1,806,168 @ 7.0% cap · market cap 19.01%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Hanac Taxi Academy Training Center Pre-Licensing Course, LLC. High School GoGreenRide Car Rental Facility NuRideMT Freight Service NuRide Transportation Group, ... Freight Service

Suggested Use

Real Estate Agency Building Supply Law Firm Auto Parts Store Garden Center Big Box & Wholesale Store Storage Facility Hotel & Motel Gym & Fitness Center Veterinary Clinic

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

FAQs

What type of property is this?
Retail space - 35,000 SF retail space in Long Island City.
Where is this retail space located?
The property is located at 33-24 Northern Blvd Long Island City, NY.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: 35,000 SF retail space; Located in Long Island City
Contact an agent
(516) 835-7833 Call to check price and availability
More about this property
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