UCC Foreclosure Sale Mixed-Use Assets 2 Retail Properties in Long Island City, NY

Auction Date: February 4, 2026 at 11:00 AM
An exceptional opportunity to acquire two contiguous mixed-use properties occupying a full blockfront along Northern Boulevard between 45th and 46th Streets. These assets combine industrial, retail, residential, and office uses, complemented by approximately 12,000 square feet of on-site parking—an increasingly rare amenity in this thriving market.
Both properties underwent comprehensive renovations in 2023, including modernized interiors and wall-to-wall windows at 45-01 Northern Boulevard, creating open, light-filled floor plates ideal for a variety of uses. The combined 22,997-square-foot lot offers expansive layouts and excellent light and air, paired with coveted parking that enhances tenant appeal and operational flexibility.
Financial advantages include over $2.6 million in ICAP Abatement savings projected between 2025 and 2050, delivering long-term cost efficiency for investors. Strategically positioned along Northern Boulevard, one of the area’s most prominent thoroughfares, the properties feature two fully leased billboards, providing high-visibility advertising exposure and additional income streams.
Located just blocks from the E, M, R, N, and W subway lines, the site offers direct connectivity to Midtown Manhattan in under 20 minutes and convenient access across Queens. This rare blockfront assemblage combines strong in-place income, significant tax savings, and prime positioning in one of New York City’s most dynamic growth corridors.