Four-Unit Mixed-Use Building with
For Sale
$4,950,000
Pending
5-46 50th Avenue, Queens, NY 11101
COMMERCIAL - Other - Queens, NY
Property Size5,190 SF
Lot Size0.06 Acres
Days on Market172
Property Features for 5-46 50th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 5, Bathroom 1, Bathroom 3, Bedroom 6, Bathroom 2, Bathroom 4, Bathroom 6, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3
Subdivision
Long Island City
High school district
000000
Standard status
Pending
Size
5,190 SF
Lot size
0.06 Acres
Building Details
Architectural style
Other
Listing Agency:
Compass
(646) 982-0353
Listed By:
Erion Ahmetaj · License #10301219187
Added: Mar 2
Changed: Aug 6
Last Checked: Aug 21 at 3:06AM
MLS# 11665518
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Investment Insights
Based on property information with market context.
Located at 5-46 50th Avenue in Queens, this approximately 5,190-square-foot, 25-foot-wide mixed-use building sits on a 2,500-square-foot lot. The ground floor includes retail along with a rear artist studio, and the upper level contains four free-market residential apartments.
The residential units are currently vacant, creating an opportunity to lease the apartments without regulatory restrictions. The property is described as “S3 - Primarily Four-Family with One Store & Office,” and the existing configuration supports a mixed-use cash-flow profile. The in-place performance and the pro forma scenario indicate a capitalization rate of approximately 5.5%.
Zoned M1-4 / R6B, the site offers continued mixed-use flexibility, subject to customary approvals. It is configured to support durable retail income at the base while providing the ability to adjust residential leasing over time.
The residential units are currently vacant, creating an opportunity to lease the apartments without regulatory restrictions. The property is described as “S3 - Primarily Four-Family with One Store & Office,” and the existing configuration supports a mixed-use cash-flow profile. The in-place performance and the pro forma scenario indicate a capitalization rate of approximately 5.5%.
Zoned M1-4 / R6B, the site offers continued mixed-use flexibility, subject to customary approvals. It is configured to support durable retail income at the base while providing the ability to adjust residential leasing over time.
Key Highlights
- Approximately 5,190 SF mixed‑use building on a 2,500 SF lot
- 25 ft x 42 ft building dimensions
- Ground‑floor retail plus a rear artist studio
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,136
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit mixed-use building in M1-4/R6B zoning with ground-floor retail and vacant apartments.
Where is this quadplex located?
The property is located at 5-46 50th Avenue Queens, NY.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Approximately 5,190 SF mixed‑use building on a 2,500 SF lot; 25 ft x 42 ft building dimensions; Ground‑floor retail plus a rear artist studio
