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33177180
33177177

47-15 5th Street, Long Island City, NY 11101

JB
NY 10491212764
Capri Industrial Partners
Listed by Capri Industrial Partners
$4,500,000
10 days on market
Updated 3 days ago

47-15 5th Street | LIC Development Site | 7,500 Buildable SF

Details
Property Type Industrial, Mixed Use (+1)
Sub Type Commercial
Square Footage 2,500
Net Rentable (SqFt) 2,500
Price per SqFt $1,800
Class C
Buildings 1
Lot Size (SqFt) 2,500
Zoning M1-4/R6A
Investment Type Redevelopment
Ground Lease No

Prime Long Island City Development Site | M1-4/R6A Zoning | Approx. 7,500 Buildable SF

Marketing description

47-15 5th Street presents a rare opportunity to acquire a development site in the heart of Long Island City, one of New York City's most active and rapidly evolving neighborhoods.

The property consists of an approximately 2,500-square-foot lot currently improved with an existing warehouse structure. Located within the M1-4/R6A Special Long Island City Mixed Use District, the site offers significant redevelopment potential with approximately 7,500 buildable square feet.

The property's zoning allows for a variety of mixed-use development strategies, including ground-floor commercial space with residential units above. Long Island City's continued residential growth, proximity to Manhattan, and strong demand for boutique housing projects make this an attractive opportunity for developers, investors, and owner-users alike.

Strategically positioned near the Vernon Boulevard–Jackson Avenue subway station, Long Island City LIRR station, the Midtown Tunnel, and major transportation corridors, the site benefits from exceptional accessibility for both residents and businesses.

This offering represents an opportunity to secure a well-located development site in a supply-constrained market with strong long-term fundamentals and continued neighborhood investment.

Investment highlights

Prime Long Island City location just minutes from Manhattan

M1-4/R6A Mixed-Use Zoning within the Special LIC Mixed Use District

Approximately 2,500 SF lot with approximately 7,500 buildable square feet

Potential for ground-floor commercial with residential units above

No parking requirement under current zoning regulations

Excellent transit access near the 7 Train, LIRR, Midtown Tunnel, and major highways

Surrounded by ongoing residential and mixed-use development

Existing structure may offer future conversion or redevelopment flexibility

Rare opportunity to acquire a boutique development site in one of NYC's strongest growth markets

Offered at $4,500,000

Listing Contacts

JB
NY 10491212764
Capri Industrial Partners
Listed by Capri Industrial Partners

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Additional Information

Name
Joseph Barretta
License
10491212764
Brokerage
Capri Industrial Partners
Brokerage Phone
7182087011
Title
Broker
Brokerage Address
136 Shoreview Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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