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5-33 48th Ave
Long Island City, NY 11101 Hunters Point

$7,500,000 USD

Apartments Condo For Sale  •  10,000 SF

Property Details

  • Property Type Apartments
  • Total Building Size 98,359 SF
  • Lot Size 0.3 AC
  • Building Class B
  • Year Built 2019
  • Cap Rate 6.55 %
  • Zoning M1-4/R7-A
100 Transit Score
97 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit Retail Retail 10,000 SF $7,500,000 USD
  • Unit Size: 10,000 SF
  • Condo Use: Retail
  • Price: $7,500,000 USD
  • Sale Type: Investment
  • Price/SF: $750.00 USD
Description
Greiner-Maltz Company is pleased to announce the exclusive sale offering of the unique retail condominium at 5-33 48th Avenue in the Hunter’s Point neighborhood of Long Island City. The unit is an approximately 10,000 square foot retail space with 112 feet of street frontage, 18 foot high ceilings and large windows in a beautifully converted historic building. 

5-33 48th Avenue is located in one of the most sought-after locations in Hunter’s Point, Long Island City. The building is located between thousands of new-construction high rise luxury units along the Queens waterfront,  the busy Vernon Boulevard shopping district and Amazon’s newly announced headquarters. Excellent exposure is provided by the extra wide 48th Avenue, where retail rents can reach in excess of $85 per square foot.

Property Flyers

Financial Summary

Cap Rate: 6.55 %
Total Expenses: $245,000 USD

Amenities

  • 24 Hour Access
  • Controlled Access
  • Laundry Facilities
  • Doorman
  • Package Service
  • Elevator
  • Lounge
  • Maintenance on site

Public Transportation

Commuter RailDriveWalkDistance
Long Island City Station (Hempstead Branch - Long Island Rail Road) 1 min 5 min 0.3 mi
Hunterspoint Avenue Station (Hempstead Branch - Long Island Rail Road, Oyster Bay Branch - Long Island Rail Road) 2 min 9 min 0.5 mi
Transit/SubwayDriveWalkDistance
Vernon Boulevard-Jackson Avenue (7 - New York MTA Subway (The Subway)) 1 min 3 min 0.2 mi
21 Street (G - New York MTA Subway (The Subway)) 2 min 7 min 0.4 mi
Hunters Point Avenue (7 - New York MTA Subway (The Subway)) 2 min 8 min 0.4 mi
45 Road-Court House Square (7 - New York MTA Subway (The Subway)) 2 min 10 min 0.6 mi
Court Square - 23Rd Street (E - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway)) 3 min 12 min 0.7 mi
AirportDriveWalkDistance
Laguardia 14 min - 6.0 mi
John F Kennedy International 22 min - 15.2 mi
Newark Liberty International 25 min - 16.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Kostas Alafoyiannis 718-786-5050 Greiner-Maltz Company of New York, Inc.
Kostas Alafoyiannis 718-786-5050 Greiner-Maltz Company of New York, Inc.