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Large Retail Space Near Subway
For Lease
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5-01 51st Ave, Long Island City, NY 11101

Flexible retail availability offers full-building branding and potential division into separate spaces.

Space Size18,973 SF
Days on Market47

Property Features for 5-01 51st Ave

General Information

Standard status Active
Size 18,973 SF
Class Unclassified
Property subtype retail

Spaces For Lease

at 5-01 51st Ave Contact us

Available Space

Floor
2nd
Size
18,973 SF
Type
Retail
Term
Negotiable
Availability
Immediate
Contact us

Available Space

Floor
Ground
Size
18,973 SF
Type
Retail
Term
Negotiable
Availability
Immediate
Contact us
Listing Agency: New York
Listed By: Ryan P. Condren · License #40CO1167774
Source: Property.jll
Added: Jul 16 Changed: Aug 30 Last Checked: Aug 31 at 12:52PM

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 New York

Investment Insights

Based on property information with market context.

This 18,973-square-foot retail space is available for lease in Long Island City. The opportunity includes the ability to brand the full building, while the layout can be considered for division into separate areas. All uses are subject to consideration, providing flexibility for a range of retail concepts and configurations.

The property is located at 5-01 51st Ave, two blocks from the 7-train subway station at Vernon Blvd. and 50th Ave. The site also carries potential for rooftop development, creating an additional element for consideration in planning the property’s future use.

Key Highlights

  • 18,973 SF of retail space available for lease
  • Full‑building branding opportunity
  • Open to logical divisions for separate spaces

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Nursing Home Pet Grooming Service (Bike/Boat/Book/etc) Store Adult Day Care Clothing & Fashion Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

4,928
Businesses Nearby
84k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 54% Shops & Services 27% Dining 17% Home Improvements & Furnishings 2%
Key Food Groceries
45,409 visits/mo 0.5 miles
BP Shops & Services
9,895 visits/mo 0.4 miles
Dunkin' Donuts Dining
7,858 visits/mo 0.3 miles
Dunkin' Donuts Dining
6,235 visits/mo 0.5 miles
Exxon Shops & Services
3,291 visits/mo 0.4 miles

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

Market

Lease Benchmarks for Long Island City, NY

$60.26 /SF/Yr
Avg Asking Price
$20–$128 /SF/Yr
Price Range
8,174 SF
Avg Space Size

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Flexible retail availability offers full-building branding and potential division into separate spaces.
Where is this retail space located?
The property is located at 5-01 51st Ave Long Island City, NY.
What are key features of this property?
This property features: 18,973 SF of retail space available for lease; Full‑building branding opportunity; Open to logical divisions for separate spaces
More about this property
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