Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    51-02 21St St Long Island City, NY 11101

    Sponsored
    Sponsored
    For Lease
    Contact for pricing

    Discover many ways to work your way in NY, Long Island City - 21st Street

    Description

    Added:
    Feb 9, 2026
    Days on Market:
    2
    Step into a vibrant coworking environment in Long Island City, where creativity meets connectivity. This spacious HQ location spans over 16,000 square feet across three floors, offering flexible workspaces with a modern, loft-style aesthetic. Conveniently located near major highways and the Queens–Midtown Tunnel, it provides easy access to Manhattan and the surrounding boroughs. Ideal for startups, creative professionals, and growing teams, this space blends style, functionality, and accessibility in a thriving business district.

    Whether you need private offices, collaborative coworking areas, or meeting rooms, HQ Long Island City is ready to accommodate. Enjoy high ceilings, abundant natural light, and thoughtful layouts that foster productivity. With 20 on-site parking spaces and proximity to cafes, restaurants, and local amenities, this location gives your team the flexibility and convenience to work efficiently while staying connected to the city’s energy.

    Property Features for 51-02 21St St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease

    Amenities

    24 Hour Access
    Air Conditioning
    Breakroom
    Business Center
    Close to Public Transportation
    Conference Rooms
    Controlled Access
    Elevator
    Fiber Optic Internet
    Furnished Units Available
    Internet
    Lounge
    Meeting Event Space
    On-Site Security Staff
    Online Services
    Package Service
    Reception
    Recycling
    Storage Space
    Wheelchair Accessible
    Wi-Fi

    Spaces For Lease

    at 51-02 21St St, Long Island City, NY 11101 Contact us
    Private office for 1 person
    Size
    86-538 SF
    Focus on driving your business forward with a professional office just for you and...
    show more
    Contact us
    Private office for 2 people
    Size
    108-538 SF
    Get started right away with a ready-to-use office space for two. HQ’ small offices...
    show more
    Contact us
    Private office for 3 people
    Size
    162-646 SF
    Productive workspace for three that comes with everything taken care of. HQ’ medium...
    show more
    Contact us
    Private office for 4 people
    Size
    215-646 SF
    Book a fully serviced office for four, and HQ will make sure everything always works...
    show more
    Contact us
    Private office for 5 people
    Size
    323-807 SF
    Access a bright and inspiring office space designed to help teams of five to do their...
    show more
    Contact us
    Flexible coworking membership
    Size
    54-108 SF
    Work wherever and however you need to with a HQ Coworking membership. Regus offers...
    show more
    Contact us
    Flexible office membership
    Size
    86-108 SF
    Work wherever and however you need to with a HQ Office membership. HQ offers the...
    show more
    Contact us
    Coworking space
    Size
    108-328 SF
    Get to work among a like-minded community in HQ’ shared office space. HQ’ coworking...
    show more
    Contact us
    Open plan office space for + 10 people
    Size
    484-1184 SF
    Find a flexible choice for business with an open-plan office space that supports...
    show more
    Contact us
    Open plan office space for + 15 people
    Size
    1076-1292 SF
    Open plan office space for 15 persons available on flexible terms, so you can add...
    show more
    Contact us
    Virtual Office
    Size
    11-54 SF
    Build your business presence fast, with an instant professional company address and...
    show more
    Contact us
    Show more

    We can help!

    Listing Contact
    Regus USA
    Regus USA

    Learn more

    HighLights

    • Be part of a vibrant coworking community with dedicated desk or hot desking options in thousands of idyllic locations across the globe
    • Grow in a modern workplace with the added advantage of a benefits program offering exclusive discounts and bespoke procurement support
    • Access HQ' network of workspaces and business lounges as often as you need and take advantage of their exclusive benefits
    • Impress clients, hold memorable workshops, and deliver a winning pitch in HQ' meeting spaces, fully equipped for gatherings of any size
    • Collaborate with like‑minded professionals and enjoy regular networking and community events with a HQ membership
    • Claim a virtual address in any of the prestigious locations around the world with mail handling services and a virtual assistant to answer calls
    Location Intelligence

    Current Use by Public Records

    Lydian Stater Art Gallery Stand and Build Interior Design The Frolish Wine Merchants Brewery & Distillery Doug Holt Photography ... (Bike/Boat/Book/etc) Store SlimTone New York Gym & Fitness Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    City
    Long Island City
    State
    New York

    Nearby Similar for Lease

    • $4,200 /Mo
      2,000 SF

      Turnkey Medical Suite in Astoria

      Move-in-ready medical office in a high-traffic Astoria location.
      23-12 21St Ave, Astoria, NY 11105
      View Details
    • $3,000 /Mo
      1,500 SF

      Astoria Office Space for Lease

      1500 SF office space in Long Island City, Queens.
      2409 41St Ave, Astoria, NY 11101
      View Details
    • $7,500 /Mo
      13,915 SF

      Astoria Warehouse with Office Space

      Commercial loft featuring open floor plan, offices, and natural light.
      1005 35Th Ave, Astoria, NY 11106
      View Details
    • $4,000 /Mo
      720 SF

      Astoria Retail or Office Space

      720 SF retail/office space in prime Astoria location.
      25-59 31St St, Astoria, NY 11102
      View Details
    • $22 SF/Yr
      4,920 SF

      Long Island City Office Space

      Versatile 4920 SF space, ideal for manufacturing or office use.
      33-01 Queens Blvd, Long Island City, NY 11101
      View Details
    • $15,000 /Mo

      Renovated Retail/Commercial Space in Astoria

      4,600 SF renovated retail/commercial space in prime Astoria location.
      30-75 Steinway St, Astoria, NY 11103
      View Details
    • $85 SF/Yr

      New Retail Space in Astoria

      New construction retail space in a luxury boutique building.
      31-16 21St St, Astoria, NY 11106
      View Details
    • $5,800 /Mo
      2,614 SF

      Prime Long Island City Storefront

      1800 SF storefront in prime location, Long Island City.
      24-11 41St Ave, Long Island City, NY 11101
      View Details
    • $2,000 /Mo
      400 SF

      Furnished Astoria Office Near Transit

      Turnkey office space in prime Astoria location near N/W train.
      22-45 31St St, Astoria, NY 11105
      View Details
    • $13,000 /Mo
      3,200 SF

      Sunnyside Office/Storefront Opportunity

      Office space for lease, suitable for retail use.
      50-08 39Th St, Sunnyside, NY 11104
      View Details
    • $3,300 /Mo
      1,100 SF

      Modern Office Space in Astoria

      Move-in-ready office space in a prime Astoria location.
      3119 Newtown Ave, Astoria, NY 11102
      View Details
    • $3,200 /Mo
      270 SF

      Sunnyside Commercial Space For Rent

      Prime commercial space in the heart of Sunnyside, Queens.
      41-05 46Th St, Sunnyside, NY 11104
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Discover many ways to work your way in NY, Long Island City - 21st Street
    Where is this office property / space located?
    The property is located at 51-02 21St St Long Island City, NY.
    What are key features of this property?
    This property features: 24 Hour Access Air Conditioning Breakroom Business Center Close to Public Transportation Conference Rooms Controlled Access Elevator Fiber Optic Internet Furnished Units Available Internet Lounge Meeting Event Space On-Site Security Staff Online Services Package Service Reception Recycling Storage Space Wheelchair Accessible Wi-Fi
    (972) 764-8885
    Request Owner's contact information
    51-02 21St St Long Island City, NY 11101
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    51-02 21St St
    Long Island City, NY 11101
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    51-02 21St St Long Island City, NY 11101
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Regus USA
    Regus USA
    (972) 764-8885
    Learn more
    Google sign-in failed. Please try again or use another login method.