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    31-00 47Th Ave Long Island City, NY 11101

    Sponsored
    For Lease
    $22 SF/Yr

    Modern Office Space, Flexible Options

    Lot size:
    34,211 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This Class A, 34,211 sq ft office building in Long Island City, Queens offers a variety of workspace solutions. Located in the historic Falchi Building (31-00 47th Avenue, Suite 3100, zip code 11101), this property boasts 350 suites, with a minimum divisible space of 50 sq ft and a maximum contiguous space of 1,300 sq ft. Currently, 5,650 sq ft is available. The building, renovated in 2019, features elevators and caters to diverse needs, including traditional, executive, coworking, and creative office spaces. Its prime location in a thriving arts and business community provides easy access to Midtown Manhattan and Brooklyn via various transportation options. The building's unique design and amenities, including a future rooftop deck and urban garden, create an inspiring and energetic work environment. This former department store offers a blend of history and modern functionality, making it an ideal location for startups, entrepreneurs, and established businesses. The property's central location within a vibrant neighborhood rich in culture and industry offers employees a unique and convenient work-life balance.

    Property Features for 31-00 47Th Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    34,211 SF
    Class
    A
    Total Rate
    63632.46

    Building Details

    Year Renovated
    2019

    Unit(s) available at that property

    Space
    Coworking Non Reserve
    Size
    108 SF
    Rate per SF
    $22
    Space
    Coworking dedicated
    Size
    108 SF
    Rate per SF
    $27
    Space
    Private office for 1 person
    Size
    538 SF
    Rate per SF
    $120
    Space
    Private office for 2 people
    Size
    538 SF
    Rate per SF
    $128
    Space
    Private office for 3 people
    Size
    646 SF
    Rate per SF
    $130
    Space
    Private office for 4 people
    Size
    646 SF
    Rate per SF
    $130
    Space
    Private office for 5 people
    Size
    807 SF
    Rate per SF
    $109
    Space
    Open plan office space for + 10 people
    Size
    1,184 SF
    Rate per SF
    $141
    Space
    Open plan office space for + 15 people
    Size
    1,292 SF
    Rate per SF
    $62

    HighLights

    • Private, fully serviced offices with flexible contracts and 24/7 access.
    • Global coworking membership with flexible contracts and business‑hours access.
    • Dedicated desks in shared spaces, including 24/7 access and a locker, with flexible contracts.
    • On‑demand meeting rooms and event spaces, fully customizable.
    • Prestigious virtual office solutions with business address, call handling, and mail services.
    Property Profile Location Intelligence

    Current Use by Public Records

    UpGrade Communications Website Designer AECOM Engineering Consultant Trivino Law Firm ... Legal Services Metasquare Inc Software Company Hailify Software Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Long Island City
    County
    Queens
    State
    New York
    Longitude
    -73.9356089
    Latitude
    40.7427957

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    FAQs

    What type of property is this?
    Office space - Modern Office Space, Flexible Options
    Where is this office space located?
    The property is located at 31-00 47Th Ave Long Island City, NY.
    What is the lease rate?
    The lease rate is $22-$141 SF/Yr.
    What are key features of this property?
    This property features: Private, fully serviced offices with flexible contracts and 24/7 access.; Global coworking membership with flexible contracts and business-hours access.; Dedicated desks in shared spaces, including 24/7 access and a locker, with flexible contracts.
    Request Owner's contact information
    31-00 47Th Ave Long Island City, NY 11101
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    Long Island City, 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
    31-00 47Th Ave Long Island City, NY 11101
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