47-28 11th St - Apartments CONDO FOR SALE


Long Island City, NY 11101- Hunters Point
$2,108,000 USD
646-805-1439
47-28 11th St, Long Island City, NY for Sale
$2,108,000 USD
Apartments CONDO - FOR SALE
1/14
null | 7.25% Cap Rate

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


HIGHLIGHTS

  • Full lower-level retail condominium within a modern 23-unit luxury residential building.
  • Newly signed 15-year lease with Millie’s World, a longstanding family-operated early intervention center.
  • Prime corner visibility just steps from Vernon Boulevard–Jackson Avenue subway station (7 Train) and near the G Line.
  • Located one subway stop from Midtown Manhattan, ensuring high accessibility for staff and clients.
  • Interior build-out includes four classrooms and an existing Certificate of Occupancy tailored for educational use.
  • Surrounded by robust residential density and retail amenities, fueling consistent community foot traffic.

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), New York. The unit occupies the entire lower level of The Corner, a luxury seven-story, 23-unit residential building completed in 2015. The space just signed a brand-new lease with Millie's World, which took possession in June 2026. They are a family-owned, center-based early intervention program serving children ages 0-3 diagnosed with Autism Spectrum Disorder (ASD). They have been operating in Astoria since 2017 and are relocating to Long Island City. The space is currently divided into four classrooms with a Certificate of Occupancy in place for such use. This is a rare opportunity to acquire a 15-year lease 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

$2,108,000 USD

PRICE/SF

$574 USD /SF

CAP RATE

7.25%

# OF UNITS

1

CONDO SIZE

-

% LEASED

0%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Net-Leased LIC Retail Condo - 100% Occupied

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

00045-1104,00045-1113,00045-1116

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 Notice.