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41-04 27th St
Long Island City, NY 11101 LIC

$778,400 - $2,041,000 USD

Apartments Condos For Sale  •  973+ SF

Property Details

  • Property Type Apartments
  • Total Building Size 24,987 SF
  • Lot Size 0.11 AC
  • Building Class B
  • Year Built 2018
  • Cap Rate 4.14 %
  • Zoning M1-5/R7-3
100 Transit Score
96 Walk Score

4 Units Available

Name Condo Use Size Price Details
Ll Floor - Unit S3/S4 Retail 1,404 SF $1,123,200 USD
  • Unit Size: 1,404 SF
  • Condo Use: Retail
  • Price: $1,123,200 USD
  • Sale Type: Investment
  • Price/SF: $800.00 USD
Description
Approx. 1,325 SF total interior space (618 SF + 707 SF), configured as a fully built-out dentist’s office

Medical / professional use layout, ideal for owner-user or investor with stable tenancy

Located near Court Square, surrounded by new residential and office developments, supporting consistent patient demand

Unique Value: Established Medical Use & Functional Layout

The property is currently configured as a dentist’s office, featuring a purpose-built medical layout that enhances operational efficiency and long-term usability.

Key advantages include:

Medical-ready layout suitable for dental or related healthcare practices

Efficient room configuration supporting patient flow and clinical operations

Strong local demographics supported by surrounding residential growth and office population

This setup minimizes conversion costs for medical users and provides investors with a stable, professional-use asset.

Ll Floor - Unit S5 Retail 973 SF $778,400 USD
  • Unit Size: 973 SF
  • Condo Use: Retail
  • Price: $778,400 USD
  • Sale Type: Investment
  • Price/SF: $800.00 USD
Description
Approx. 486 SF retail space, currently operating as a Lash & Brow boutique
Turnkey beauty-use layout, ideal for lash, brow, facial, skincare, or similar personal service businesses
Located near Court Square, surrounded by dense new residential and office developments, supporting strong walk-in and repeat client

1st Floor - Unit S1 Retail 1,468 SF $1,835,000 USD
  • Unit Size: 1,468 SF
  • Condo Use: Retail
  • Price: $1,835,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $1,250.00 USD
Description
Positioned in the heart of Long Island City, this fully leased retail investment features an established bagel store with strong neighborhood recognition and daily customer traffic.

Key Highlights
	•	Approx. 1,468SF 
	•	Long-term retail tenant with built-in rent escalations
	•	Located near Court Square, surrounded by new residential and office developments

Sale Notes
Prime LIC Retail Investment – Bagel Store with Outdoor Seating

1st Floor - Unit S2 Retail 1,570 SF $2,041,000 USD
  • Unit Size: 1,570 SF
  • Condo Use: Retail
  • Price: $2,041,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $1,300.00 USD
Description
Key Highlights
	•	Approx. 1,570 SF 
	•	Long-term retail tenant with built-in rent escalations
	•	Located near Court Square, surrounded by new residential and office developments

Unique Value: Outdoor Patio Experience

A major differentiating feature of this property is the adjacent outdoor patio area, which is exclusively used by the bagel store and significantly enhances the customer experience.

The outdoor seating area increases:
	•	Daily foot traffic and dwell time
	•	Morning and weekend sales volume
	•	Street visibility and brand presence

While the patio is located within the building’s common area and is not deeded, it has historically functioned as a dedicated extension of the retail operation, adding meaningful operational and lifestyle value to the business.

Lease & Income Summary
	•	Lease Term: Through January 31, 2029
	•	Structured Annual Rent Increases
	•	Monthly CAM: approx. $790.79
	•	Monthly Real Estate Tax (421-a): approx. $216.66

Sale Notes
421-A TAX ABATEMENT BUILDING
Long-term retail tenant with built-in rent escalations 
Located near Court Square, surrounded by new residential and office developments

Financial Summary

Cap Rate: 4.14 %
Total Expenses: $0 USD

Major Tenants

Tenant SF Occupied Lease End Date
Lic Bagel & Deli Corp
Long Island City Cafe 9/30/2022

Amenities

  • Kitchen
  • Tub/Shower
  • Elevator

Public Transportation

Commuter RailDriveWalkDistance
Hunterspoint Avenue Station (Hempstead Branch - Long Island Rail Road, Oyster Bay Branch - Long Island Rail Road) 4 min 20 min 1.0 mi
Long Island City Station (Hempstead Branch - Long Island Rail Road) 5 min - 1.7 mi
Transit/SubwayDriveWalkDistance
Queensboro Plaza (7 - New York MTA Subway (The Subway), N - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway)) 7 min 3 min 0.2 mi
Queens Plaza (E - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway)) 2 min 5 min 0.3 mi
21 Street-Queensbridge (F - New York MTA Subway (The Subway)) 2 min 5 min 0.3 mi
39 Avenue (N - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway)) 2 min 8 min 0.4 mi
Long Island City-Court Square (G - New York MTA Subway (The Subway)) 3 min 9 min 0.5 mi
AirportDriveWalkDistance
LaGuardia 12 min - 4.7 mi
John F Kennedy International 26 min - 15.0 mi
Newark Liberty International 28 min - 17.5 mi
Yvonne Zhu 929-366-6682 B Square Realty
Yvonne Zhu 929-366-6682 B Square Realty