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    10-11 49Th Ave Queens, NY 11101

    Sponsored
    For Sale
    $2,950,000

    Prime LIC location, 3-unit building, 3,289 SF

    Property size:
    3,289 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional mixed-use property, located at 10-11 49th Ave in Long Island City, Queens, NY 11101, presents a compelling investment opportunity. The 3,289 square foot building, constructed in 1931 and extensively renovated in 2017, boasts three units and sits on a 0.04-acre lot. Currently operating at 100% occupancy, with a lease expiration date of October 31, 2025, this Class A building offers significant potential for future growth. The property features 10-11 foot ceilings and is fully built-out, providing immediate usability. Its M1-4/R6B zoning allows for flexible use, accommodating medical, retail, or other permitted uses. The building's prime location, just one block from the subway, ensures excellent public transportation access and benefits from high foot traffic and proximity to major national tenants. Long Island City's rapid growth and development, coupled with the property's modern amenities and strong rental market, make this a highly attractive investment. The asking price is $2,950,000. This is a rare opportunity to acquire a well-maintained, income-producing asset in a thriving urban center.

    Property Features for 10-11 49Th Ave

    General Information

    Property type
    Medical space
    Square Feet
    3,289 SF
    Class
    A
    Lot Size
    1,742 SF

    Building Details

    Year Built/Renovated
    1931/2017
    Buildings
    1
    Stories
    3
    Units
    3

    HighLights

    • One block from subway, excellent public transit access.
    • High foot traffic, proximity to major national tenants, ideal for office/retail.
    • Rapidly growing Long Island City location, attractive for future development.
    • Fully renovated in 2017, modern amenities and design.
    • M1‑4/R6B zoning, flexible use for residential, commercial, and light industrial.
    • 3,289 SF, 10‑11' ceilings, full build‑out condition.
    Property Profile Location Intelligence

    Current Use by Public Records

    LatinflowerSpa2 Hot Bedstone Spa Dermaluxe Laser Spa Medical Spa Caramel Lash Room Beauty Salon Dr. Waiho Lum Emergency Care Physician Forest Urgent Care ... Urgent Care Center

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.9532906
    Latitude
    40.743486

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    FAQs

    What type of property is this?
    Medical space - Prime LIC location, 3-unit building, 3,289 SF
    Where is this medical space located?
    The property is located at 10-11 49Th Ave Queens, NY.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: One block from subway, excellent public transit access.; High foot traffic, proximity to major national tenants, ideal for office/retail.; Rapidly growing Long Island City location, attractive for future development.
    Request Owner's contact information
    10-11 49Th Ave Queens, NY 11101
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    Queens, NY 11101
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    Realmo Value Estimation

    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.

    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.

    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
    10-11 49Th Ave Queens, NY 11101
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