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41-04 27th St - Queens Boro Tower 973 - 1,570 SF Retail Condo Units Offered at $778,400 - $2,041,000 Per Unit in Long Island City, NY 11101
PROPERTY FACTS
| Total Building Size | 24,987 SF | Typical Floor Size | 3,583 SF |
| Property Type | Multifamily | Year Built | 2018 |
| Property Subtype | Apartment | Lot Size | 0.11 AC |
| Building Class | B | Opportunity Zone |
Yes
|
| Floors | 9 | ||
| Zoning | M1-5/R7-3 | ||
| Total Building Size | 24,987 SF |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 9 |
| Typical Floor Size | 3,583 SF |
| Year Built | 2018 |
| Lot Size | 0.11 AC |
| Opportunity Zone |
Yes |
| Zoning | M1-5/R7-3 |
AMENITIES
UNIT AMENITIES
- Kitchen
- Tub/Shower
SITE AMENITIES
- Elevator
4 UNITS AVAILABLE
Unit S3/S4
| Unit Size | 1,404 SF | Sale Type | Investment |
| Price | $1,123,200 | Cap Rate | 4.37% |
| Price Per SF | $800.00 | NOI | $49,119 |
| Condo Use | Retail |
| Unit Size | 1,404 SF |
| Price | $1,123,200 |
| Price Per SF | $800.00 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 4.37% |
| NOI | $49,119 |
DESCRIPTION
Approx. 1,325 SF total interior space (618 SF + 707 SF), configured as a fully built-out dentist’s office
Medical / professional use layout, ideal for owner-user or investor with stable tenancy
Located near Court Square, surrounded by new residential and office developments, supporting consistent patient demand
Unique Value: Established Medical Use & Functional Layout
The property is currently configured as a dentist’s office, featuring a purpose-built medical layout that enhances operational efficiency and long-term usability.
Key advantages include:
Medical-ready layout suitable for dental or related healthcare practices
Efficient room configuration supporting patient flow and clinical operations
Strong local demographics supported by surrounding residential growth and office population
This setup minimizes conversion costs for medical users and provides investors with a stable, professional-use asset.
Unit S5
| Unit Size | 973 SF | Sale Type | Investment |
| Price | $778,400 | Cap Rate | 4.14% |
| Price Per SF | $800.00 | NOI | $32,234 |
| Condo Use | Retail |
| Unit Size | 973 SF |
| Price | $778,400 |
| Price Per SF | $800.00 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 4.14% |
| NOI | $32,234 |
DESCRIPTION
Approx. 486 SF retail space, currently operating as a Lash & Brow boutique
Turnkey beauty-use layout, ideal for lash, brow, facial, skincare, or similar personal service businesses
Located near Court Square, surrounded by dense new residential and office developments, supporting strong walk-in and repeat client
Unit S1
| Unit Size | 1,468 SF | Sale Type | Investment or Owner User |
| Price | $1,835,000 | Cap Rate | 4.27% |
| Price Per SF | $1,250.00 | NOI | $78,275 |
| Condo Use | Retail |
| Unit Size | 1,468 SF |
| Price | $1,835,000 |
| Price Per SF | $1,250.00 |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| Cap Rate | 4.27% |
| NOI | $78,275 |
DESCRIPTION
Positioned in the heart of Long Island City, this fully leased retail investment features an established bagel store with strong neighborhood recognition and daily customer traffic.
Key Highlights
- Approx. 1,468SF
- Long-term retail tenant with built-in rent escalations
Located near Court Square, surrounded by new residential and office developments
SALE NOTES
Prime LIC Retail Investment – Bagel Store with Outdoor Seating
ScreenShot_2025-12-22_221705_383
Unit S2
| Unit Size | 1,570 SF | Sale Type | Investment or Owner User |
| Price | $2,041,000 | Cap Rate | 4.40% |
| Price Per SF | $1,300.00 | NOI | $89,833 |
| Condo Use | Retail |
| Unit Size | 1,570 SF |
| Price | $2,041,000 |
| Price Per SF | $1,300.00 |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| Cap Rate | 4.40% |
| NOI | $89,833 |
DESCRIPTION
Key Highlights
- Approx. 1,570 SF
- Long-term retail tenant with built-in rent escalations
- Located near Court Square, surrounded by new residential and office developments
Unique Value: Outdoor Patio Experience
A major differentiating feature of this property is the adjacent outdoor patio area, which is exclusively used by the bagel store and significantly enhances the customer experience.
The outdoor seating area increases:
- Daily foot traffic and dwell time
- Morning and weekend sales volume
- Street visibility and brand presence
While the patio is located within the building’s common area and is not deeded, it has historically functioned as a dedicated extension of the retail operation, adding meaningful operational and lifestyle value to the business.
Lease & Income Summary
- Lease Term: Through January 31, 2029
- Structured Annual Rent Increases
- Monthly CAM: approx. $790.79
Monthly Real Estate Tax (421-a): approx. $216.66
SALE NOTES
421-A TAX ABATEMENT BUILDING
Long-term retail tenant with built-in rent escalations
Located near Court Square, surrounded by new residential and office developments
+1 More
s1
s2
s3
s4
s5
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UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 32 | - | - |
MAJOR TENANT INFORMATION
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Long Island City Cafe |
-
|
September 2022
|
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41-04 27th St - Queens Boro Tower
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