10-11 49Th Ave Queens, NY 11101

Property Details for 10-11 49Th Ave

Year built

1931

Lot size

0.04 lot acres

Property size

3,289 SF

Property type

Other commercial real estate

Description

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.