5-33 48th Ave - Apartments CONDO FOR SALE


Long Island City, NY 11101- Hunters Point
$3,900,000 USD
917-209-5772
5-33 48th Ave, Long Island City, NY for Sale
$3,900,000 USD
Apartments CONDO - FOR SALE
1/19
null | 6.69% Cap Rate

5-33 48th Ave
Long Island City, NY 11101
Hunters Point


HIGHLIGHTS

  • Fully leased retail portfolio with strong tenant mix
  • Located in a high-growth Long Island City corridor
  • Surrounded by luxury residential units and dense population
  • Long-term leases in place with staggered expirations
  • Excellent visibility and transit access near ferry and subway
  • Potential upside from proposed rezoning and area expansion

OVERVIEW

Located in the heart of Long Island City’s Hunters Point neighborhood, this vacant retail condominium offers a ready-to-use solution for an owner-user seeking a prime location with quality infrastructure. Previously occupied by an urgent care provider, the space includes a medical-grade build-out with 12 exam rooms, a 2,889 SF basement for storage, and on-site parking, making it ideal for healthcare, wellness, or other service-oriented businesses.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$621 USD /SF

CAP RATE

6.69%

# OF UNITS

1

CONDO SIZE

-

% LEASED

100%

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Zipper Building

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

98,359 SF

STORIES

8

BUILDING CLASS

B

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

M14R7A

APN/PARCEL ID

00030-1318,00030-1334,00030-1336,00030-1341

ASK ABOUT THIS PROPERTY

John KoutsosB6 Real Estate Advisors LLCMore Info
917-209-5772

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John KoutsosB6 Real Estate Advisors LLCMore Info
917-209-5772

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