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41-04 27th St
Long Island City, NY 11101
Queens Boro Tower · Retail Property For Sale
PROPERTY FACTS
| Total Building Size | 24,987 SF | Typical Floor Size | 3,583 SF |
| Property Type | Multifamily | Year Built | 2018 |
| Property Subtype | Apartment | Lot Size | 0.11 AC |
| Building Class | B | Opportunity Zone |
Yes
|
| Floors | 9 | ||
| Zoning | M1-5/R7-3 | ||
| Total Building Size | 24,987 SF |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 9 |
| Typical Floor Size | 3,583 SF |
| Year Built | 2018 |
| Lot Size | 0.11 AC |
| Opportunity Zone |
Yes |
| Zoning | M1-5/R7-3 |
AMENITIES
UNIT AMENITIES
- Kitchen
- Tub/Shower
SITE AMENITIES
- Elevator
2 UNITS AVAILABLE
Unit 1
| Unit Size | 1,570 SF | Sale Type | Investment or Owner User |
| Condo Use | Retail |
| Unit Size | 1,570 SF |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
DESCRIPTION
Positioned in the heart of Long Island City, this fully leased retail investment features an established bagel store with strong neighborhood recognition and daily customer traffic.
Key Highlights
- Approx. 1,570 SF ground floor + 1,570 SF basement
- Long-term retail tenant with built-in rent escalations
- Located near Court Square, surrounded by new residential and office developments
Unique Value: Outdoor Patio Experience
A major differentiating feature of this property is the adjacent outdoor patio area, which is exclusively used by the bagel store and significantly enhances the customer experience.
The outdoor seating area increases:
- Daily foot traffic and dwell time
- Morning and weekend sales volume
Street visibility and brand presence
While the patio is located within the building’s common area and is not deeded, it has historically functioned as a dedicated extension of the retail operation, adding meaningful operational and lifestyle value to the business.
SALE NOTES
Prime LIC Retail Investment – Bagel Store with Outdoor Seating
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Unit 2
| Unit Size | 1,468 SF | Sale Type | Investment or Owner User |
| Condo Use | Retail |
| Unit Size | 1,468 SF |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
DESCRIPTION
High-quality retail condo leased to a bakery operator, located in one of Long Island City’s most active mixed-use neighborhoods.
- Ground Floor: approx. 1,468 SF
- Basement: approx. 1,468 SF
- Total Size: approx. 2,936 SF
Lease Summary
- Current Lease Term: Through October 31, 2031
- Annual Rent Increases: Structured escalations throughout the lease
- Monthly CAM Charges: approx. $845.46
- Monthly Real Estate Tax (with 421-a): approx. $259.66
Income Highlights
- Long remaining lease term with predictable income
- Strong neighborhood retail demand
- Stable tenant with food-use infrastructure in place
Investment Rationale
- Excellent long-term income security
- Located near Court Square, major transit hubs, and new developments
Attractive option for passive investors seeking retail exposure in LIC
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 32 | - | - |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
