11-11 44th Rd - Loft/Creative Space FOR SALE


Long Island City, NY 11101- Hunters Point
$12,000,000 USD
516-310-0622
11-11 44th Rd, Long Island City, NY for Sale
$12,000,000 USD
Loft/Creative Space - FOR SALE
1/32
null | Request Cap Rate

NEW


11-11 44th Rd
Long Island City, NY 11101
Hunters Point


HIGHLIGHTS

  • This property is situated in Long Island City's Hunters Point, two blocks to the East River waterfront, Parks and boardwalks
  • OneLIC rezoning to a M1-4A 5.0 F.A.R. with an addtional 22,300 SF. Total building size of 37,500
  • The spacious open lofts can be easily divided or combined with adjacent units, allowing for flexible design options and the creation of larger spaces
  • Significant growth potential.
  • Possiable residential mixed-use conversion?

OVERVIEW

Exclusive Investment Opportunity | 11-11 44th Road, Long Island City Your Space New York has been retained on an exclusive basis to arrange the sale of 11-11 44th Road, a consistently occupied, value-add property located in the heart of Hunters Point, Long Island City, just two blocks from the East River waterfront. Originally developed from the ground up, the building was designed to accommodate future expansion and benefits from new zoning (M1-4A) allowing a 5.0 FAR, creating a compelling redevelopment or expansion opportunity. The zoning permits an additional 22,300 buildable square feet of mixed-use space, bringing the total potential Building size area to approximately 37,500 square feet. This would more then double the current NOI The property is ideally positioned amid one of New York City’s fastest-growing neighborhoods and will be surrounded by approximately 14,700 newly developed residential units, driving long-term demand and appreciation. Its proximity to the future waterfront boardwalks and parks further enhances its appeal and future growth potential. The building features high ceilings, expansive extra-large windows, and open loft-style layouts that provide abundant natural light. Units can be easily divided or combined, offering flexible design configurations and the ability to create larger floor plans. These characteristics have contributed to the building’s exceptionally low vacancy rate and strong tenant demand. In addition to its redevelopment upside, the property is also well-suited for an owner-user. With stable in-place income, flexible layouts, and significant future upside, 11-11 44th Road represents a compelling investment opportunity in a rapidly evolving, rezoned sub-market of Queens Long Island City, Hunters Point Contact Exclusive Broker for setup Your Space New York Craig Stulberger

FOR SALE DETAILS

PRICE

$12,000,000 USD

PRICE/SF

$789 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

undefined, Storefront

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

M1-4A

APN/PARCEL ID

00446-0023

ASK ABOUT THIS PROPERTY

Craig StulbergerYour Space New YorkMore Info
516-310-0622

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Craig StulbergerYour Space New YorkMore Info
516-310-0622

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