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