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11-11 44th Rd 15,200 SF 93% Leased Office Building Long Island City, NY 11101 $12,000,000 ($789.47/SF)
Investment Highlights
- This property is situated in Long Island City's Hunters Point, two blocks to the East River waterfront, Parks and boardwalks
- The spacious open lofts can be easily divided or combined with adjacent units, allowing for flexible design options and the creation of larger spaces
- Possiable residential mixed-use conversion?
- OneLIC rezoning to a M1-4A 5.0 F.A.R. with an addtional 22,300 SF. Total building size of 37,500
- Significant growth potential.
Executive Summary
Your Space New York has been retained on an exclusive basis to arrange the sale of
11-11 44th Road, a consistently occupied, value-add property located in the heart of Hunters Point, Long Island City, just two blocks from the East River waterfront.
Originally developed from the ground up, the building was designed to accommodate future expansion and benefits from new zoning (M1-4A) allowing a 5.0 FAR, creating a compelling redevelopment or expansion opportunity. The zoning permits an additional 22,300 buildable square feet of mixed-use space, bringing the total potential Building size area to approximately 37,500 square feet. This would more then double the current NOI
The property is ideally positioned amid one of New York City’s fastest-growing neighborhoods and will be surrounded by approximately 14,700 newly developed residential units, driving long-term demand and appreciation. Its proximity to the future waterfront boardwalks and parks further enhances its appeal and future growth potential.
The building features high ceilings, expansive extra-large windows, and open loft-style layouts that provide abundant natural light. Units can be easily divided or combined, offering flexible design configurations and the ability to create larger floor plans. These characteristics have contributed to the building’s exceptionally low vacancy rate and strong tenant demand.
In addition to its redevelopment upside, the property is also well-suited for an owner-user. With stable in-place income, flexible layouts, and significant future upside, 11-11 44th Road represents a compelling investment opportunity in a rapidly evolving, rezoned sub-market of Queens Long Island City, Hunters Point
Contact Exclusive Broker for setup
Your Space New York
Craig Stulberger
Property Facts
Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Restaurant
- Skylights
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
BEAUTIFUL FLEX ARTIST/OFFICE LOFT WITH 13 FOOT CEILING AND GREAT SUNLIGHT. 1,033 SF 13 FOOT CEILINGS ELEVATOR 2 LARGE SKYLIGHTS BEAUTIFUL HARDWOOD FLOOR PRIVATE BATHROOM GREAT WALL SPACE VERY LARGE WINDOW MANHATTAN SKYLINE VIEWS CAFE IN THE BUILDING VERY CLOSE TO ALL MASS-TRANSIT IN DOOR PARKING GARAGE KEY FOB ENTRY FRONT DOOR VIDEO MONITOR 24 HOUR ACCESS INDOOR PARKING GARAGE $4,300 per month SIMPLE LEASE FIRST MONTH RENT AND ONE MONTH SECURITY TO MOVE-IN ** Contact by phone number listed below only by text.
| Space | Size | Space Use | Condition | Available |
| 4th Fl - 402 | 1,033 SF | Flex | - | Now |
4th Fl - 402
| Size |
| 1,033 SF |
| Space Use |
| Flex |
| Condition |
| - |
| Available |
| Now |
4th Fl - 402
| Size | 1,033 SF |
| Space Use | Flex |
| Condition | - |
| Available | Now |
BEAUTIFUL FLEX ARTIST/OFFICE LOFT WITH 13 FOOT CEILING AND GREAT SUNLIGHT. 1,033 SF 13 FOOT CEILINGS ELEVATOR 2 LARGE SKYLIGHTS BEAUTIFUL HARDWOOD FLOOR PRIVATE BATHROOM GREAT WALL SPACE VERY LARGE WINDOW MANHATTAN SKYLINE VIEWS CAFE IN THE BUILDING VERY CLOSE TO ALL MASS-TRANSIT IN DOOR PARKING GARAGE KEY FOB ENTRY FRONT DOOR VIDEO MONITOR 24 HOUR ACCESS INDOOR PARKING GARAGE $4,300 per month SIMPLE LEASE FIRST MONTH RENT AND ONE MONTH SECURITY TO MOVE-IN ** Contact by phone number listed below only by text.
Property Taxes
| Parcel Number | 00446-0023 | Improvements Assessment | $990,090 |
| Land Assessment | $303,750 | Total Assessment | $1,293,840 |
Property Taxes
Presented by
11-11 44th Rd
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