1064 Jackson Ave
Long Island City, NY 11101

• Unit Size: 6,165 SF
• Condo Use: Office/Retail
• Price: $4,200,000 USD
• Sale Type: Investment or Owner User
• Price/SF: $681.27 USD

Sale Notes

The subject offering is the retail condominium portion of The Anable, a brand-new construction 8-story luxury condominium building located in the heart of Long Island City. The property rests directly in front of the entrance to the 7 Train (Vernon Blvd-Jackson Avenue Station), and it located one stop into Manhattan.

The offering consists of 4,395 SF of ground floor retail space with 20-foot ceilings, and 2,023 SF of lower-level commercial space. The property has 55 feet of retail frontage along Jackson Avenue, 53 feet of frontage on the curved corner between Jackson Avenue and 50th Avenue, and 35 feet of frontage along 50th Avenue. The C of O allows for all retail uses. The unit has an elevator going from the lower-level to the ground floor, and it is already subbed for all utilities. The property has a brand-new 15-year ICAP Tax Abatement that will run through 2039. 

A dental practice, with 60+ locations, just signed a 10-year lease for 3,600 SF of the ground floor retail space.  The dentist has 3% annual increases, with three (5) five-year options to renew.  

This is an opportunity to acquire a brand-new construction retail condo in the heart of the Long Island City retail corridor that has incredibly cheap abated taxes, zero restrictions on use and incredible frontage.