27-05 41st Ave - Apartments FOR SALE


Long Island City, NY 11101- LIC
$38,000,000 USD
631-645-3926
27-05 41st Ave, Long Island City, NY for Sale
$38,000,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

27-05 41st Ave
Long Island City, NY 11101
LIC


HIGHLIGHTS

  • Proximity to multiple subway lines
  • All units have windows and balconies/terraces

OVERVIEW

Presenting a well-maintained mixed-use asset located in the heart of Long Island City, one of New York City’s fastest-growing and most dynamic neighborhoods. Positioned within a dense residential and business community, the building benefits from exceptional transportation access, ongoing local development, delivering strong in-place income with upside potential. Key Investment Highlights: Prime LIC Location: Steps from major subway lines, neighborhood retail, and large-scale residential developments that continue to drive population growth and spending power. Stable, Diversified Income: The building features ground-floor storefront with stable tenants, complemented by well-leased residential units above, minimizing vacancy risk. High-Demand Rental Market: Long Island City remains one of NYC’s most sought-after rental submarkets due to its proximity to Manhattan and growing employment hubs. Value-Add / Upside Potential: Opportunity to increase revenue through rent growth or strategic re-tenanting. Strong Transit Connectivity: Immediate access to the E, M, R, N, W, 7, and G subway lines, Queensboro Bridge, and major highways—supporting both residential and commercial tenant demand. Thriving Neighborhood: Surrounded by new residential towers, expanding retail corridors, cultural destinations (MoMA PS1), and vibrant dining and nightlife. More information available upon request.

FOR SALE DETAILS

PRICE

$38,000,000 USD

PRICE/SF

$728 USD /SF

# OF UNITS

42

PRICE/UNIT

$904,762

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

River Bridge Tower

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2015

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

M1-2/ R6A

APN/PARCEL ID

00405-1001

ASK ABOUT THIS PROPERTY

631-645-3926

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631-645-3926

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