5-46 50th Avenue Queens, NY 11101
Commercial Building, Low-rise - Queens, NY
Property size:
5,190 SFLot size:
0.06 AcresPrice / SF:
$1,059/SF- Added:
- Mar 2, 2026
- Days on Market:
- 58
- Last Refresh:
- Apr 29 at 4:06 pm
Property Features for 5-46 50th Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- Garage
- Standard status
- Active
- Size
- 5,190 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 0
Building Details
- Architectural style
- Other
Listing agent Erion Ahmetaj (917) 597-5736
Listing office Compass 90 Fifth Avenue, 3rd Floor, New York, NY (646) 982-0353
Listing date Mar 2, 2026
MLS# 11665518
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Queens Mixed-Use Investment Opportunity
This mixed-use building is located in Long Island City, near Vernon Boulevard and the East River waterfront. The property has a lot size of 2,500 square feet and building dimensions of 25 ft x 42 ft. The building area is 5,190 square feet. The building is configured as a 25-foot-wide building consisting of a ground-floor retail space, a rear artist studio, and four free-market residential apartments above. The property is located within an M1-4 / R6B zoning district. The four residential units are fully free-market and currently vacant, presenting an opportunity to lease at prevailing market rents. The property currently generates an in-place gross revenue of $326,724 and an in-place net operating income of $287,557. Upon stabilization of the residential units to market levels, the pro forma gross revenue is $342,320 and the pro forma net operating income is $303,160, supporting a pro forma capitalization rate of approximately 5.5%. Investors may consider multiple strategies, including holding and stabilizing for durable cash flow, incrementally enhancing residential revenue, repositioning the commercial component upon lease expiration, and evaluating longer-term redevelopment potential.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
LEDO - The Art Of The Barber
Barber Shop
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.954861
- Latitude
- 40.742698
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use building in Long Island City near Vernon Boulevard.
Where is this mixed-use property located?
The property is located at 5-46 50th Avenue Queens, NY.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Prime Location in Long Island City near Vernon Blvd and the East River waterfront; High Income Potential: $326,724 gross revenue, with $303,160 pro forma net operating income.; **Free‑Market Residential Units:** Four vacant apartments offer immediate lease‑up potential.
