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.