1043 47th Ave - Apartments FOR SALE


Long Island City, NY 11101- Hunters Point
$8,000,000 USD
646-866-4118
1043 47th Ave, Long Island City, NY for Sale
$8,000,000 USD
Apartments - FOR SALE
1/8
null | 5.4% Cap Rate

1043 47th Ave
Long Island City, NY 11101
Hunters Point


HIGHLIGHTS

  • Unbeatable Location in Hunters Point, Long Island City
  • Built in 2005
  • Great Income in Place with Upside

OVERVIEW

10-43 47th Avenue | Long Island City, NY Flagship Mixed-Use Opportunity in the Heart of LIC Introducing a rare offering at 10-43 47th Avenue — a masterfully designed, five-story mixed-use building encompassing approximately 16,000 square feet. Constructed in 2005 and meticulously maintained, this free-market property stands as a premier investment opportunity in one of New York City’s most rapidly appreciating neighborhoods. Strategically located just off Vernon Boulevard and moments from the waterfront promenade, the property is positioned on a tree-lined block with immediate access to the G, E, M, and 7 subway lines, the NYC Ferry, Long Island City LIRR, and the Ed Koch Queensboro Bridge — placing the entire city within effortless reach. Property Highlights: • 13 expansive, free-market residential apartments • Over 5,000 SF of flexible commercial space • Indoor parking garage with 7 spaces • Exceptional ceiling heights throughout • Rare outdoor spaces and terraces • Elevator access • Common rooftop with skyline views • State-of-the-art laundry and utility infrastructure Investment Potential: With a favorable unit mix, prime zoning, and a footprint that accommodates both income and lifestyle, 10-43 47th Avenue presents a generational opportunity for investors, 1031 exchange buyers, or institutions seeking to establish a long-term foothold in LIC’s thriving neighborhood.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$500 USD /SF

# OF UNITS

13

PRICE/UNIT

$615,385

CAP RATE

5.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2005

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,997 SF

ZONING

M1-4R6B

APN/PARCEL ID

00047-0017

ASK ABOUT THIS PROPERTY

Justin VanceNest Seekers InternationalMore Info
646-866-4118

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Justin VanceNest Seekers InternationalMore Info
646-866-4118

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.