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47-28 11th St - New Construction - Delivered Vacant 3,672 SF Retail Condo Unit Offered at $3,145,188 CAD in Long Island City, NY 11101
EXECUTIVE SUMMARY
This offering features a 3,672 SF retail condominium located on the corner of 11th Street and 47th Avenue in Long Island City (Queens). The unit occupies the entire lower level of The Corner, a luxury seven-story, 23-unit residential building completed in 2015. The space is currently leased to Bunny Hill Daycare & Preschool, which took possession in April 2018. They have submitted their six-month notice and are expected to vacate the premises in January 2026. The space is currently configured as a daycare, with a Certificate of Occupancy in place for such use, and is divided into four classrooms. The property will be delivered vacant. This is a rare opportunity to acquire a value-add commercial condo in a prime Long Island City location—just one subway stop from Manhattan. The property is a short four-minute walk (0.1 miles) from the Vernon Boulevard–Jackson Avenue Station (7 Train) and is adjacent to the 21st Street–Van Station (G Train).
PROPERTY FACTS
| Total Building Size | 24,787 SF | Floors | 7 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 3,116 SF |
| Property Subtype | Year Built | 2016 | |
| Building Class | B | Lot Size | 0.57 AC |
| Zoning | C | ||
| Total Building Size | 24,787 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | |
| Building Class | B |
| Floors | 7 |
| Typical Floor Size | 3,116 SF |
| Year Built | 2016 |
| Lot Size | 0.57 AC |
| Zoning | C |
AMENITIES
UNIT AMENITIES
- Kitchen
- Tub/Shower
SITE AMENITIES
- Fitness Center
- Roof Terrace
1 UNIT AVAILABLE
Unit 1
| Unit Size | 3,672 SF | Sale Type | Investment |
| Price | $3,145,188 CAD | Cap Rate | 8.76% |
| Price Per SF | $856.53 CAD | NOI | $275,449.31 CAD |
| Condo Use | Retail |
| Unit Size | 3,672 SF |
| Price | $3,145,188 CAD |
| Price Per SF | $856.53 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 8.76% |
| NOI | $275,449.31 CAD |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 22 | - | - |
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47-28 11th St - New Construction - Delivered Vacant
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