10-54 47th Avenue

Long Island City   |   Vernon Boulevard & 11th Street

New This Week
Building For Sale
$ 3,100,000
Ownership Mixed Use
Lot Size 50'5"x20'
Floors/Apts 4/3
Status Active
Real Estate Taxes [Per Annum] $ 73,008
Building Type Low-Rise
Building Size 50'5"x20'
Year Built 2009
ASF/ASM 5,000/465
Listing ID: 100622TH

Jason Bauer

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Manager, Licensed Associate Real Estate Broker

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Property Description

10-54 47th Avenue – Mixed-Use Corner Building in the Heart of LIC. Please inquire for Offering Memorandum A rare investment opportunity in one of Long Island City’s most sought-after neighborhoods, 10-54 47th Avenue is a fully leased, mixed-use corner property offering stable cash flow and long-term upside. The building includes two commercial units (one at grade and one in the basement) and three floor-through residential units above — all spacious two-bedroom layouts. With a desirable mix of commercial and residential income streams, this property is well-positioned for both steady returns and appreciation in a rapidly developing area. Located just off Vernon Boulevard and steps from Gantry Plaza, the 7 train, and the East River Ferry, the building benefits from strong foot traffic, residential demand, and continued local investment. Mixed-use: 2 commercial units + 3 residential Three spacious, full-floor 2BR apartments above High-visibility corner lot with excellent natural light Prime LIC location near transit, waterfront, and amenities Zoned R6B – stable, income-producing asset with future upside This is an ideal opportunity for investors seeking a quality asset in a high-growth neighborhood. All showings by appointment only. Please do not disturb tenants.
10-54 47th Avenue – Mixed-Use Corner Building in the Heart of LIC. Please inquire for Offering Memorandum A rare investment opportunity in one of Long Island City’s most sought-after neighborhoods, 10-54 47th Avenue is a fully leased, mixed-use corner property offering stable cash flow and long-term upside. The building includes two commercial units (one at grade and one in the basement) and three floor-through residential units above — all spacious two-bedroom layouts. With a desirable mix of commercial and residential income streams, this property is well-positioned for both steady returns and appreciation in a rapidly developing area. Located just off Vernon Boulevard and steps from Gantry Plaza, the 7 train, and the East River Ferry, the building benefits from strong foot traffic, residential demand, and continued local investment. Mixed-use: 2 commercial units + 3 residential Three spacious, full-floor 2BR apartments above High-visibility corner lot with excellent natural light Prime LIC location near transit, waterfront, and amenities Zoned R6B – stable, income-producing asset with future upside This is an ideal opportunity for investors seeking a quality asset in a high-growth neighborhood. All showings by appointment only. Please do not disturb tenants.

Listing Courtesy of CHARNEY REAL ESTATE LLC

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Apartment Features

A/C
10-54 47th Avenue Long Island City Queens NY 11101

Building Details [10-54 47th Avenue]

Ownership Mixed Use
Access None
Block/Lot 46/131
Building Size 50'5"x20'
Zoning M1-4/R
Building Type Low-Rise
Year Built 2009
Floors/Apts 4/3
Lot Size 50'5"x20'

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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 REBNY Listing Service, Inc. All rights reserved. Additional building data provided by On-Line Residential [OLR].
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.