Mixed-Use Building with Ground-Floor Retail

5-46 50th Avenue, Queens, NY 11101

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For Sale

$4,950,000

Commercial Building, Low-rise - Queens, NY

Property size:

5,190 SF

Lot size:

2,500.00 Acres

Price / SF:

$953/SF

HighLights

5,190 SF mixed‑use building on a 2,500 SF lot: 25 ft x 42 ft with ground‑floor retail and four apartments above
Four free‑market residential units are currently vacant, allowing immediate lease‑up at market rents (no regulatory restrictions stated)
In‑place income: $326,724 gross revenue and $287,557 net operating income; pro forma NOI $303,160 on $342,320 gross revenue
Pro forma capitalization rate of approximately 5.5% based on the provided in‑place and stabilization figures
Zoned M1‑4/R6B, supporting continued mixed‑use occupancy and long‑term flexibility (subject to customary approvals)
Retail component is supported by ongoing pedestrian traffic along Vernon Boulevard, with tenant lease term and no renewal clause mentioned

We can help!

Listing Contact

Erion Ahmetaj

For Sale

$4,950,000

Commercial Building, Low-rise - Queens, NY

Property size:

5,190 SF

Lot size:

2,500.00 Acres

Price / SF:

$953/SF

Added:: Mar 2, 2026
Days on Market:: 105
Last Refresh:: Jun 15 at 1:06 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: 2,500.00 Acres

Taxes and HOA fees

Tax Annual Amount: 0

Building Details

Architectural style: Other

We can help!

Listing Contact

Erion Ahmetaj

Listing agent Erion Ahmetaj

Listing office Compass 90 Fifth Avenue, 3rd Floor, New York, NY

Listing date Mar 2, 2026

MLS# 11665518 Listing URL

HighLights

5,190 SF mixed‑use building on a 2,500 SF lot: 25 ft x 42 ft with ground‑floor retail and four apartments above
Four free‑market residential units are currently vacant, allowing immediate lease‑up at market rents (no regulatory restrictions stated)
In‑place income: $326,724 gross revenue and $287,557 net operating income; pro forma NOI $303,160 on $342,320 gross revenue
Pro forma capitalization rate of approximately 5.5% based on the provided in‑place and stabilization figures
Zoned M1‑4/R6B, supporting continued mixed‑use occupancy and long‑term flexibility (subject to customary approvals)
Retail component is supported by ongoing pedestrian traffic along Vernon Boulevard, with tenant lease term and no renewal clause mentioned

Overview

This mixed-use building on a 2,500 square-foot lot is configured as a 25-foot-wide property with approximately 5,190 square feet of building area. The ground floor includes retail space along with a rear artist studio, with four free-market residential apartments on the floors above. The residential units are currently vacant, creating a direct path to lease-up.

The property is located in Queens at 5-46 50th Avenue (11101). It sits within an M1-4 / R6B zoning district, supporting continued mixed-use occupancy subject to customary approvals.

For buyers seeking an income-producing retail base combined with residential repositioning control, this setup offers a practical mix. The ground-floor retail and studio area provide an in-place commercial component, while the four fully free-market apartments allow ownership to lease at prevailing market terms. The M1-4 / R6B zoning also provides flexibility for maintaining mixed-use operations over time, with options for reassessment of the commercial and residential components at future turnover.

Property Profile Location Intelligence

Current Use by Public Records

LEDO - The Art Of The Barber Barber Shop

Suggested Use

Location Insight

Map
Local Demand

City: Queens
County: Queens
State: New York
Longitude: -73.954861
Latitude: 40.742698

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For sale
Mixed-use properties
NY
Queens
11101
5-46 50th Avenue

What type of property is this?

Mixed-use property - Four vacant apartments above ground-floor retail provide immediate leasing flexibility for a mixed-use owner.

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 $4,950,000.

What are key features of this property?

This property features: 5,190 SF mixed‑use building on a 2,500 SF lot: 25 ft x 42 ft with ground‑floor retail and four apartments above; Four free‑market residential units are currently vacant, allowing immediate lease‑up at market rents (no regulatory restrictions stated); In‑place income: $326,724 gross revenue and $287,557 net operating income; pro forma NOI $303,160 on $342,320 gross revenue

5-46 50th Avenue, Queens, NY 11101

Commercial Building, Low-rise - Queens, NY

Property Features for 5-46 50th Avenue

General Information

Taxes and HOA fees

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Spacious Two-Family Home in Queens

Spacious Multifamily Home with Pool

Brick Five-Unit Apartment Building

Detached Two-Family Brick Residence

Queens Village Multifamily Investment Property

Desirable Jackson Heights Multi-Family Home

Upgraded Six-Family Residence, Queens

Queens Two-Family Home Value-Add Opportunity

Mixed-Use Income Property with Parking

Renovated Triplex in Queens, NY

NYU Medical Investment Opportunity

Newly Renovated Two-Family Duplex

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