$7,250,000
Updated 8 years ago
Off Market

47-01 Vernon Blvd

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

Development Site

$7,250,000
floors1
Building TypeLow-Rise
RE Taxes$13,030

Building Amenities

  • Voice Intercom

Property Description for 47-01 Vernon Blvd

Extremely rare opportunity to own a 15,000 BSF, mixed use, corner development site on coveted retail corridor Vernon Boulevard the epicenter of one of the fastest developing areas in New York.

Long Island City boast over 22,000 new residential units either releasing or in the development stages in close proximity to this site.

This property boasts 50 ft of frontage on Vernon Blvd and 100 SF of frontage on 47th Ave for a total of 150SF of corner PRIME RETAIL space.

Retail is now commanding upwards of $120-130 PSF making this a very strong investment for retail.

This property is ideal for a developer, end user, or investor with a keen eyes for vesting in a stake hold poised to be the "Bedford Avenue" of Queens. Join the ranks of other large retailers, Bare Burger, Tribeca Pediatrics, Mt. Sinai (ProHealth Dental), as well as Michelin Star Awarded Restaurants. Please contact the Exclusive Broker Alexander Pereira for further details.

Building Details for 47-01 Vernon Blvd

OwnershipDevelopment Site
Building TypeLow-Rise
Service LevelVoice Intercom
AgePost-War
AccessWalk-up
Year Built1950
Floors1
Learn More About the Building

Transit and Citi Bike

Subway

Vernon Blvd-Jackson Av
0.19 miles
21 St
0.19 miles
Hunters Point Av
0.3 miles
Court Sq-23 St
0.41 miles
Court Sq
0.42 miles

Railroad

Long Island CityLong Island Rail Road
0.37 miles
Hunterspoint AvenueLong Island Rail Road
0.38 miles

Citi Bike

Vernon Blvd & 47 Rd
0.04 miles
46 Rd & 11 St
0.12 miles

Ferry

Long Island City
0.33 miles
Hunters Point South
0.5 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: 71822TH