$15,500,000
Updated 10 years ago
Off Market

47-33 5th Street

Long Island City, Queens | 48th Ave & 47th Road

Development Site

$15,500,000
floors4
Lot Size74'x83'
Building TypeLow-Rise
RE Taxes$55,566

Building Amenities

  • Voice Intercom

Property Description for 47-33 5th Street

This is an extremely rare opportunity to own a super prime brick Industrial warehouse. Currently zoned M1-4/R6A there are many opportunities for Prime Retail, Condo, and or Hotel or just for the end user looking for a building with character. This building boasts 75 feet of frontage with 17Ft ceilings ideal for retail opportunities and is conveniently located across the street from flagship operations such as Duane Reade, Food Cellar, and many great Vernon Blvd restaurants. It is also on fast developing 5th Street off of 48th Ave. Additionally it is also just 1 block from waterfront and just 3 blocks from the Vernon Jackson 7 train stop, which is just 1 stop to Grand Central. This property is being sold AS IS and will be delivered vacant. Lot Square footage 6933SF Dimensions - 74.1 X 83 FAR - 3 FAR as Built - 3.28Usable Floor Area - 22,740 Taxes - $55,000Please email exclusive brokers for further details

Building Details for 47-33 5th Street

OwnershipDevelopment Site
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1931
Floors4
Learn More About the Building

Transit and Citi Bike

Subway

Vernon Blvd-Jackson Av
0.19 miles
21 St
0.31 miles
Hunters Point Av
0.39 miles

Railroad

Long Island CityLong Island Rail Road
0.27 miles
Hunterspoint AvenueLong Island Rail Road
0.49 miles

Citi Bike

48 Ave & 5 St
0.04 miles
Center Blvd & 48 Ave
0.11 miles

Ferry

Long Island City
0.27 miles
Hunters Point South
0.37 miles

Contact Agent

Contact Agent

Alexander Pereira
Douglas Elliman

Long Island City | Queens

Quick Profile

Long Island City, the name does sound a little far away, like it requires a lengthy drive to get to. Think, again. Long Island City, also known as LIC, is nestled in the western corner of Queens along the East River. Midtown Manhattan is closer to Long Island City than it is to downtown Manhattan.

 LIC is bordered by Sunnyside to the east, the East River to the west, Astoria to the north, and Newton Creek which separates Queens from Greenpoint Brooklyn to the south. 

 A once-shabby manufacturing epicenter, the neighborhood is a mix of industrial, commercial and residential. In recent years it’s seen a rise in some seriously cool factors. Populated by young professionals, multi-ethnic immigrants, and hipsters, LIC has a happening nightlife scene, fantastic restaurants (some of them Michelin starred), art museums and galleries. Much of the waterfront access has been redeveloped into sustainable public green spaces with modern design.  

 Although much of the industrial / manufacturing companies have since left LIC, many still reside there. They tend to co-exist with new residential building development the same way they do in other neighborhoods like Williamsburg and Greenpoint.

 Office building developers and business tenants play a vital role in LIC too. It’s considered New York City’s fourth central business district next to Midtown, downtown Manhattan and downtown Brooklyn.

 As you traverse the streets of LIC, you’ll notice the change from block to block. Industrial warehouses on one block, a bustling Main Street, followed by a park block with sleek luxury high-rise buildings. It’s all part of the LIC vibe.

 For a small neighborhood, the transportation links are excellent. For starters, you just can’t beat living one subway stop from Manhattan (7 train). Other train lines include E, M, R, N, Q, and the G lines. There are also less conventional methods of transportation like the NYC Ferry, which offers three ferry landings. There is no shortage of CitiBike’s in LIC either. Many folks commute to work by way of cycling over the Queensboro Bridge.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 62401TH