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10-11 49th Ave 4,052 SF 19% Leased Retail Building Long Island City, NY 11101 $4,108,082 CAD ($1,013.84 CAD/SF)

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Investment Highlights

The entire building was fully renovated in 2017
Long Island City, a rapidly growing neighborhood in the heart of Queens, New York, is becoming increasingly popular for its strategic location

This strategic spot is just a block away from the bustling Vernon/Jackson subway station, serviced by the 7 trains.
The office is a modern design and ergonomic layout

Executive Summary

10-11 49th Avenue is a mixed-use building in Long Island City, NY, fully renovated in 2017 and is an easily recognizable landmark throughout the New York City area. Provides sweeping panoramic views of the Manhattan skyline, 3 mins to the subway, and is a three-minute ride to Midtown. Manhattan Long Island City's Court Square neighborhood. The three-story property is M1-4 zoned, spanning a total of 3,289 square feet. Space features include four offices, a bathroom and reception area, and 24-hour building access. The space is offered at five year or flexible lease terms, The building has central heating & air conditioning, and electricity, and is wired for internet service. The building is located near the Ed Koch Bridge, Midtown Tunnel, and Long Island Expressway. 43-01 21st Street. Newly Renovated Building Less than five minutes to Midtown with easy connection to every major subway line and commuter rail. Situated near the Long Island Expressway, Ed Koch Bridge, and Midtown Tunnel and one block away from the subway.

Marketing Flyer-10-11 49th LIC

Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Storefront Retail/Office

Building Size

4,052 SF

Building Class

Year Built/Renovated

1931/2017

Price

$4,108,082 CAD

Price Per SF

$1,013.84 CAD

Percent Leased

19%

Tenancy

Multiple

Building Height

3 Stories

Building FAR

2.33

Lot Size

0.04 AC

Zoning

M1-4/R6B - This zoning is particularly useful in areas transitioning from industrial to more residential or commercial use, such as parts of Long Island City.

Frontage

25’ on 49th Ave

Metro/Subway

Tenant Controlled HVAC

Air Conditioning

Space Availability

Space
Size
Space Use
Position
Available

Basement
1,000 SF
Office
-
Now

Construction: o The entire building was fully gutted and rebuilt in 2018, offering modern infrastructure and design. Location: o One block from the subway, providing easy commuter access. o Close to major national tenants, adding credibility and foot traffic to the area. o Situated in an area with heavy traffic in Long Island City, making it highly visible and accessible. o A dog park is located right on the corner, enhancing the appeal of the neighborhood. Size: o 2,000 SF of premium space. Ceiling Height: o 10' - 11', allowing for versatile usage. Lease Terms: o Negotiable, accommodating flexible leasing options. • Rental Rate: o $33/SF/YR. Rent Type: o Negotiable, with terms tailored to the tenant's needs. Space Use: o Ideal for Office/Retail use. Condition: o Full Build-Out, ready for immediate occupation. Availability: o Available now, perfect for businesses looking for a quick move-in.