Log In/Sign Up
Your email has been sent.
47-28 11th St - Net-Leased LIC Retail Condo - 100% Occupied 3,672 SF Retail Condo Unit Offered at $2,968,591 CAD in Long Island City, NY 11101
Investment Highlights
- Full lower-level retail condominium within a modern 23-unit luxury residential building.
- Prime corner visibility just steps from Vernon Boulevard–Jackson Avenue subway station (7 Train) and near the G Line.
- Interior build-out includes four classrooms and an existing Certificate of Occupancy tailored for educational use.
- Newly signed 15-year lease with Millie’s World, a longstanding family-operated early intervention center.
- Located one subway stop from Midtown Manhattan, ensuring high accessibility for staff and clients.
- Surrounded by robust residential density and retail amenities, fueling consistent community foot traffic.
Executive Summary
The property at 47-28 11th Street in Long Island City comprises a commercial condominium unit within a multi-story residential building constructed in 2015. The surrounding neighborhood includes mixed residential and retail uses with proximity to multiple subway stations, including Vernon Boulevard–Jackson Avenue (7 Train) and 21st Street–Van Alst (G Train). This location is approximately one subway stop from Manhattan and a short walking distance to nearby transit access points. The unit includes a Certificate of Occupancy for use as a childcare or instructional space and is currently configured with multiple classroom areas.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 7.25% |
| Sale Type | Investment |
| Cap Rate | 7.25% |
Description
This offering features a 3,672 SF retail condominium located on the corner of 11th Street and 47th Avenue in Long Island City (Queens), New York. The unit occupies the entire lower level of The Corner, a luxury seven-story, 23-unit residential building completed in 2015.
Sale Notes
This offering features a 3,672 SF retail condominium located on the corner of 11th Street and 47th Avenue in Long Island City (Queens), New York. The unit occupies the entire lower level of The Corner, a luxury seven-story, 23-unit residential building completed in 2015.
The space just signed a brand-new lease with Millie's World, which took possession in June 2026. They are a family-owned, center-based early intervention program serving children ages 0-3 diagnosed with Autism Spectrum Disorder (ASD). They have been operating in Astoria since 2017 and are relocating to Long Island City. The space is currently divided into four classrooms with a Certificate of Occupancy in place for such use.
This is a rare opportunity to acquire a 15-year lease 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).
The space just signed a brand-new lease with Millie's World, which took possession in June 2026. They are a family-owned, center-based early intervention program serving children ages 0-3 diagnosed with Autism Spectrum Disorder (ASD). They have been operating in Astoria since 2017 and are relocating to Long Island City. The space is currently divided into four classrooms with a Certificate of Occupancy in place for such use.
This is a rare opportunity to acquire a 15-year lease 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).
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1 | 3,672 SF | Retail | $2,968,591 CAD ($808.44 CAD/SF) | $215,242.56 CAD |
Unit 1
| Unit Size |
| 3,672 SF |
| Condo Use |
| Retail |
| Price |
| $2,968,591 CAD ($808.44 CAD/SF) |
| NOI |
| $215,242.56 CAD |
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 1
| Unit Size | 3,672 SF |
| Condo Use | Retail |
| Price | $2,968,591 CAD ($808.44 CAD/SF) |
| NOI | $215,242.56 CAD |
| Sale Type | Investment |
| Cap Rate | 7.25% |
| Description | |
| This offering features a 3,672 SF retail condominium located on the corner of 11th Street and 47th Avenue in Long Island City (Queens), New York. The unit occupies the entire lower level of The Corner, a luxury seven-story, 23-unit residential building completed in 2015.</li></ul> | |
| Sale Notes | |
| This offering features a 3,672 SF retail condominium located on the corner of 11th Street and 47th Avenue in Long Island City (Queens), New York. The unit occupies the entire lower level of The Corner, a luxury seven-story, 23-unit residential building completed in 2015.<br> <br> The space just signed a brand-new lease with Millie's World, which took possession in June 2026. They are a family-owned, center-based early intervention program serving children ages 0-3 diagnosed with Autism Spectrum Disorder (ASD). They have been operating in Astoria since 2017 and are relocating to Long Island City. The space is currently divided into four classrooms with a Certificate of Occupancy in place for such use.<br> This is a rare opportunity to acquire a 15-year lease 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).</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| 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 - Commercial | ||
| 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 - Commercial |
Amenities
Site Amenities
- Fitness Center
- Roof Terrace
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 22 | - | - |
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
47-28 11th St - Net-Leased LIC Retail Condo - 100% Occupied
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.