

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