1043 47th Ave 13 Unit Apartment Building $8,000,000 ($615,385/Unit) 5.40% Cap Rate Long Island City, NY 11101

10-43 47th Avenue | Long Island City, NY
Flagship Mixed-Use Opportunity in the Heart of LIC
Introducing a rare offering at 10-43 47th Avenue — a masterfully designed, five-story mixed-use building encompassing approximately 16,000 square feet. Constructed in 2005 and meticulously maintained, this free-market property stands as a premier investment opportunity in one of New York City’s most rapidly appreciating neighborhoods.
Strategically located just off Vernon Boulevard and moments from the waterfront promenade, the property is positioned on a tree-lined block with immediate access to the G, E, M, and 7 subway lines, the NYC Ferry, Long Island City LIRR, and the Ed Koch Queensboro Bridge — placing the entire city within effortless reach.
Property Highlights:
• 13 expansive, free-market residential apartments
• Over 5,000 SF of flexible commercial space
• Indoor parking garage with 7 spaces
• Exceptional ceiling heights throughout
• Rare outdoor spaces and terraces
• Elevator access
• Common rooftop with skyline views
• State-of-the-art laundry and utility infrastructure

Investment Potential:
With a favorable unit mix, prime zoning, and a footprint that accommodates both income and lifestyle, 10-43 47th Avenue presents a generational opportunity for investors, 1031 exchange buyers, or institutions seeking to establish a long-term foothold in LIC’s thriving neighborhood.