5-33 48th Ave - Apartments CONDO FOR SALE


Long Island City, NY 11101- Hunters Point
$7,250,000 USD
917-209-5772
5-33 48th Ave, Long Island City, NY for Sale
$7,250,000 USD
Apartments CONDO - FOR SALE
1/8
null | 6.21% Cap Rate

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


HIGHLIGHTS

  • 5 Fully Leased Retail Condos
  • 6.21% Cap Rate / 10.68 GRM
  • Weighted Average Lease Term: 5.57 Years
  • Situated Beneath 41 Luxury Condo Units
  • Over 100 ft of frontage in Prime Hunters Point LIC

OVERVIEW

B6 Real Estate Advisors has been exclusively retained to sell a fully leased, five-unit retail condo package totaling approximately 10,048 SF at 5-33 48th Avenue in the heart of Long Island City. The offering features over 100 feet of prime frontage on 48th Avenue and sits at the base of a 41-unit luxury condominium building, which has completely sold out. The property is leased to a diverse mix of service-oriented tenants, including HNM Urgent Care (corporate guarantee), Master Panda (franchise guarantee), a nail salon, a hair salon, and a pediatric dentist—providing stable, long-term income. The package boasts a weighted average lease term of 5.57 years, offering immediate cash flow and minimal near-term rollover risk. Located in one of NYC’s most rapidly growing residential neighborhoods, this is a rare opportunity to acquire a secure, income-producing retail asset with strong fundamentals and upside in a high-demand market.

FOR SALE DETAILS

PRICE

$7,250,000 USD

PRICE/SF

$722 USD /SF

CAP RATE

6.21%

# OF UNITS

1

CONDO SIZE

-

% LEASED

100%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Zipper Building

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

10,048 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

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

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

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

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