Rare opportunity to acquire a fully leased retail condominium in the core of Long Island City. This approximately 1,570 SF retail space is occupied by an established neighborhood deli and generates $104,335 in annual rental income. Located within a high-density residential neighborhood surrounded by new developments and strong pedestrian traffic. Low operating expenses due to ICAP tax abatement make this a compelling investment opportunity.
| MLS # | 1027686 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 2015 |
| Days On Site | 112 |
| Listing Provided By | B Square Realty | Yiwen Zhu |
| SQ Feet | 1,570 |
|---|---|
| Acreage | 0.11 |
| Cooling | Central Air |
|---|---|
| Heating | Electric |
| Construction Materials | Other |
|---|---|
| Foundation Details | Other |
| Utilities | See Remarks |
|---|---|
| Sewer | Other |
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 4356 |
| State | NY |
|---|---|
| County | Queens |
| City | Long Island City |
| Zip Code | 11101 |
| Listing VS Median (in 11101) | |
Price: $2,041,000 low | high Med: $998,000 sqft: 1,570 low | high Med: 548 $ / sqft: $1,300 low | high Med: $1,821 On site: 112 low | high Med: 203 | |
| State | NY |
|---|---|
| County | Queens |
| City | Long Island City |
| Zip Code | 11101 |
| Listing VS Median (in 11101) | |
Price: $2,041,000 low | high Med: $998,000 sqft: 1,570 low | high Med: 548 $ / sqft: $1,300 low | high Med: $1,821 On site: 112 low | high Med: 203 | |