44-61 11th St
Long Island City, NY 11101
LIC Retail/Office w. Redevelopment Potential · Office Property For Sale

Cushman & Wakefield has been retained on an exclusive basis for the sale of 44-61 11th Street in Long Island City, Queens. 44-61 11th Street is an approximately 18,500 square foot three-story retail & office building encompassing the entire blockfront on the east side of 11th Street between 45th Avenue and 44th Drive. The building is fully-leased and consists of four separate tenants. The current leases are approximately 50% of market all expire within five years. The property also features future development potential as it allows up to 32,000 buildable square feet as of right for residential development. Currently the property has up to 13,500 (approx.) square feet of air rights. 44-61 11th Street is located adjacent to Court Square and is in walking distance to multiple subway lines including the E M 7 and G trains. Long Island City is currently home to over 6,600 businesses and ove 106,000 employees. Additionally, there are approximately 33,200 residential units in place or planned for the LIC area, and over 860,000 square feet of retail. Long Island City is a rapidly growing neighborhood offering convenient access to NYC/Brooklyn via the eight subway trains available and the NYC ferry. This property poses a great opportunity for an investor, developer, or owner/user. Property inspections are by appointment only, please inquire within.