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5-28 51st Ave - Vacant LIC Opportunity 5-28 51st Ave 4,690 SF Office Building Long Island City, NY 11101 For Sale
INVESTMENT HIGHLIGHTS
- Two-Story Commercial Flex Building offering 4,690 SF across two floors and mezzanine. A drive in bay door & curb cut allows for convenient loading
- Residential Conversion Opportunity Flexible (M1-4/R6B) zoning permits office, studio, townhouse, or light industrial uses, and residential
- Vacant Owner-User Investment Opportunity Ideal for end users, investors, and developers
- Prime Hunters Point Location Situated off Vernon Boulevard, just steps from the Vernon Blvd–Jackson Ave (7 train)
- High-Growth Submarket Hunters Point has seen over 12,000 new residential units added in the last decade
EXECUTIVE SUMMARY
RIPCO REAL ESTATE has been retained on an exclusive basis to arrange for the sale of 5-28 51ST AVENUE, LONG ISLAND CITY 11101 — (the “Property”) - which consists of a vacant two-story, flex/office building with potential for residential conversion.
5-28 51st Avenue is a two-story flex-office building that was previously occupied as the headquarters of a trade union, and will be delivered vacant at closing.
Situated off Vernon Boulevard, 5-28 51st Avenue sits in the heart of Hunters Point—one of Long Island City’s most dynamic mixed-use corridors.
The property offers nearby access to multiple subway lines (7, E, G, M) and the East River Ferry, with quick connectivity to Midtown Manhattan, Brooklyn, and the greater Queens area. The surrounding area features a strong mix of luxury residential towers such as Hayden LIC and The Forge, alongside retailers including Trader Joe’s, Sweetleaf Coffee, and waterfront dining at Blend on the Water—making it ideal for owner-users, boutique tenants, or redevelopment into residential use. Just minutes from the Pulaski Bridge and Queens Midtown Tunnel, the property benefits from seamless regional access and is positioned at the center of Long Island City’s continued growth.
For more information, please contact the exclusive brokers directly.
5-28 51st Avenue is a two-story flex-office building that was previously occupied as the headquarters of a trade union, and will be delivered vacant at closing.
Situated off Vernon Boulevard, 5-28 51st Avenue sits in the heart of Hunters Point—one of Long Island City’s most dynamic mixed-use corridors.
The property offers nearby access to multiple subway lines (7, E, G, M) and the East River Ferry, with quick connectivity to Midtown Manhattan, Brooklyn, and the greater Queens area. The surrounding area features a strong mix of luxury residential towers such as Hayden LIC and The Forge, alongside retailers including Trader Joe’s, Sweetleaf Coffee, and waterfront dining at Blend on the Water—making it ideal for owner-users, boutique tenants, or redevelopment into residential use. Just minutes from the Pulaski Bridge and Queens Midtown Tunnel, the property benefits from seamless regional access and is positioned at the center of Long Island City’s continued growth.
For more information, please contact the exclusive brokers directly.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Building Size
4,690 SF
Building Class
B
Year Built
2016
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,345 SF
Building FAR
1.79
Lot Size
0.06 AC
Zoning
M1-4/R6B - Light industrial with offices, hotels, and most retail uses permitted/Medium density residential district
Parking
2 Spaces (0.43 Spaces per 1,000 SF Leased)
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Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | 00034-0035 | Improvements Assessment | $215,280 |
| Land Assessment | $67,500 | Total Assessment | $282,780 |
PROPERTY TAXES
Parcel Number
00034-0035
Land Assessment
$67,500
Improvements Assessment
$215,280
Total Assessment
$282,780
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