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Property profile

47-61 Pearson Pl Long Island City, NY 11101

OFF-MARKET
Warehouses
17,500 SF
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Property summary

AI-generated overview

This exceptional Long Island City property at 47-61 Pearson Place offers 17,500 square feet of versatile space, ideal for a variety of uses. The building is zoned M1-4 and features a mix of executive office, creative office, flex, and warehouse space, making it suitable for businesses seeking a unique and adaptable environment. With a minimum divisible space of 6,500 square feet and a maximum contiguous space of 11,000 square feet, this property caters to businesses of various sizes. The entire 17,500 square feet is currently vacant, presenting a rare opportunity for a single tenant to occupy the entire building or for multiple tenants to lease individual spaces. The high ceilings, measuring 13 feet, provide ample vertical space, perfect for storage or creative design. The building also includes elevators for convenient access to all floors. Located in Queens County, New York, with a zip code of 11101, this property benefits from its strategic location in Long Island City, offering easy access to major transportation routes and a vibrant urban environment. The property's APN is 98-22. This is a truly unique opportunity to secure a substantial and adaptable space in a highly sought-after location.

Property profile

Verified
Property type Warehouses
Total area 17,500 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Corporate Office
  • Home Decor Store
  • Home Decor Store (Bike/Boat/Book/etc) Store
  • Construction Company General Contractor
  • Big Box & Wholesale Store Building Supply

Location

47-61 Pearson Pl Long Island City, NY 11101
Long Island City metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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