10-54 47th Ave

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.