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5-33 48th Ave - The Zipper Building
10,000 SF Retail Unit Offered at £5,868,375 in Long Island City, NY 11101
Property Facts
| Price | £5,868,375 | Building Class | B |
| Unit Size | 10,000 SF | Number of Floors | 8 |
| No. Units | 1 | Typical Floor Size | 9,621 SF |
| Total Building Size | 98,359 SF | Year Built | 2019 |
| Property Type | Residential (Unit) | Lot Size | 0.30 AC |
| Property Subtype | Apartment | Parking Ratio | 0.06/1,000 SF |
| Sale Type | Investment | Sale Conditions | 1031 Exchange |
| Price | £5,868,375 |
| Unit Size | 10,000 SF |
| No. Units | 1 |
| Total Building Size | 98,359 SF |
| Property Type | Residential (Unit) |
| Property Subtype | Apartment |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 8 |
| Typical Floor Size | 9,621 SF |
| Year Built | 2019 |
| Lot Size | 0.30 AC |
| Parking Ratio | 0.06/1,000 SF |
| Sale Conditions | 1031 Exchange |
1 Unit Available
Unit Retail
| Unit Size | 10,000 SF | Sale Type | Investment |
| Price | £5,868,375 | Net Initial Yield | 6.55% |
| Price Per SF | £586.84 | NOI | £384,182.96 |
| Unit Use | Retail | Sale Conditions | 1031 Exchange |
| Unit Size | 10,000 SF |
| Price | £5,868,375 |
| Price Per SF | £586.84 |
| Unit Use | Retail |
| Sale Type | Investment |
| Net Initial Yield | 6.55% |
| NOI | £384,182.96 |
| Sale Conditions | 1031 Exchange |
Description
Greiner-Maltz Company is pleased to announce the exclusive sale offering of the unique retail condominium at 5-33 48th Avenue in the Hunter’s Point neighborhood of Long Island City. The unit is an approximately 10,000 square foot retail space with 112 feet of street frontage, 18 foot high ceilings and large windows in a beautifully converted historic building.
5-33 48th Avenue is located in one of the most sought-after locations in Hunter’s Point, Long Island City. The building is located between thousands of new-construction high rise luxury units along the Queens waterfront, the busy Vernon Boulevard shopping district and Amazon’s newly announced headquarters. Excellent exposure is provided by the extra wide 48th Avenue, where retail rents can reach in excess of $85 per square foot.
Amenities
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Doorman
- Package Service
- Lift
- Lounge
- Maintenance on site
zoning
| Zoning Code | M1-4/R7-A (Medium density residential district) |
| M1-4/R7-A (Medium density residential district) |
Presented by
5-33 48th Ave - The Zipper Building
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