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:
- 65
- Last Refresh:
- May 6 at 12:06 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.
HighLights
- Prime Long Island City location near Vernon Boulevard and the East River waterfront.
- Significant income potential with upside from leasing four vacant, free‑market residential apartments.
- High in‑place net operating income of $287,557 with a pro forma NOI of $303,160.
- Flexible M1‑4 / R6B zoning allows for continued mixed‑use occupancy and offers strategic long‑term redevelopment potential.
- The property's configuration provides efficient residential floor plates.
- Strong submarket fundamentals in Long Island City, including proximity to Midtown Manhattan.
Overview
Queens Mixed-Use Investment Opportunity
This mixed-use property is located in Long Island City, near Vernon Boulevard and the East River waterfront. The building spans approximately 5,190 square feet on a 2,500-square-foot lot. The property 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's configuration allows for stable retail income while preserving residential upside. The building width and layout provide efficient residential floor plates. The four residential units are fully free-market and currently vacant, presenting an opportunity to lease at prevailing market rents. The property is located within an M1-4 / R6B zoning district, which supports continued mixed-use occupancy and offers strategic long-term flexibility. 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. Long Island City benefits from proximity to Midtown Manhattan. The Vernon Boulevard corridor remains one of the submarket's sought-after residential pockets.
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 near Vernon Boulevard with retail and residential units.
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 Long Island City location near Vernon Boulevard and the East River waterfront.; Significant income potential with upside from leasing four vacant, free‑market residential apartments.; High in‑place net operating income of $287,557 with a pro forma NOI of $303,160.
