$2,500,000
Updated 5 years ago
Off Market

45-43 21st Street

Long Island City, Queens | 45th Road & 46th Ave

2,490 Square FeetDevelopment Site

$2,500,000
floors2
Lot Size25'x90'
ZoneR6A
Building TypeLow-Rise
RE Taxes$12,631
Price Per SF
$1,004

Property Description for 45-43 21st Street

Rare opportunity to own a completely renovated and updated commercial building with air rights and unused residential FAR. This building is located in the heart of booming Long Island City just blocks from a main subway hub which is just 1 stop to Manhattan and 1 block from multiple large scale residential developments soon to hit the market. The potential upside to owning this building as an investment or end user is incredible. The owner has meticulously renovated and updated the building and brought the building into compliance with ADA guidelines. This is the perfect building for an owner looking for a great investment opportunity or an end user looking for a building that is move in ready. The property also comes with a parking space.

Retail Ground floor -Approx 1800 SF - Currently Unoccupied - Market Rate Rent is $60/PSF.
Lower Level - Approx 1650 SF - Currently Unoccupied - Market Rate Rent is $30/PSF.
Upper Level Office - 748 SF - Currently Unoccupied - Market Rate Rent is $45/PSF.

Building Details for 45-43 21st Street

OwnershipDevelopment Site
Building TypeLow-Rise
AgePost-War
AccessWalk-up
Year Built1986
Floors2
Learn More About the Building

Transit and Citi Bike

Subway

Court Sq
0.15 miles
Court Sq-23 St
0.15 miles
21 St
0.17 miles
Hunters Point Av
0.28 miles
Vernon Blvd-Jackson Av
0.39 miles

Railroad

Hunterspoint AvenueLong Island Rail Road
0.26 miles

Citi Bike

Jackson Ave & 46 Rd
0.07 miles
45 Ave & 21 St
0.09 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: 78653TH