47-28 11th St - Apartments CONDO FOR SALE


Long Island City, NY 11101- Hunters Point
$2,275,000 USD
646-805-1439
47-28 11th St, Long Island City, NY for Sale
$2,275,000 USD
Apartments CONDO - FOR SALE
1/5
null | 8.76% Cap Rate

47-28 11th St
Long Island City, NY 11101
Hunters Point


OVERVIEW

This offering features a 3,672 SF retail condominium located on the corner of 11th Street and 47th Avenue in Long Island City (Queens). The unit occupies the entire lower level of The Corner, a luxury seven-story, 23-unit residential building completed in 2015. The space is currently leased to Bunny Hill Daycare & Preschool, which took possession in April 2018. They have submitted their six-month notice and are expected to vacate the premises in January 2026. The space is currently configured as a daycare, with a Certificate of Occupancy in place for such use, and is divided into four classrooms. The property will be delivered vacant. This is a rare opportunity to acquire a value-add commercial condo in a prime Long Island City location—just one subway stop from Manhattan. The property is a short four-minute walk (0.1 miles) from the Vernon Boulevard–Jackson Avenue Station (7 Train) and is adjacent to the 21st Street–Van Station (G Train).

FOR SALE DETAILS

PRICE

$2,275,000 USD

PRICE/SF

$620 USD /SF

CAP RATE

8.76%

# OF UNITS

1

CONDO SIZE

-

% LEASED

100%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN Leased - Long Island City Retail Condo

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

24,787 SF

STORIES

7

BUILDING CLASS

B

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,787 SF

ZONING

C

APN/PARCEL ID

00045-1113,00045-1116

ASK ABOUT THIS PROPERTY

William StephanMarcus & MillichapMore Info
646-805-1439

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William StephanMarcus & MillichapMore Info
646-805-1439

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