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Land For Sale • 0.18 AC
East Coast Realtors proudly presents 5-31 & 5-33 47th Avenue, a premier development assemblage totaling 8,150 SF in the heart of Long Island City’s Hunters Point. Comprising two adjacent parcels of 4,075 SF each, this site offers a proposed buildable area of approximately 40,750 SF under the anticipated R7X OneLIC rezoning (FAR 5). Strategically positioned just one block from Vernon Boulevard and steps from the East River waterfront, the property is surrounded by high-end residential towers, boutique retail, and thriving restaurants—making it an ideal canvas for a mid- to high-rise multifamily or mixed-use development.
| Prime Long Island City location — one block from Vernon Blvd and steps from the East River waterfront |
| Two adjacent lots totaling 8,150 SF with significant redevelopment potential |
| Ideal for mid- to high-rise residential or mixed-use development |
| Surrounded by luxury towers, cultural amenities, and growing retail scene |
| Excellent transit access via 7, E, and G subway lines and NYC Ferry |
| Strong neighborhood growth in one of NYC’s fastest-evolving residential markets |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Long Island City Station (Hempstead Branch - Long Island Rail Road) | 1 min | 7 min | 0.4 mi |
| Hunterspoint Avenue Station (Hempstead Branch - Long Island Rail Road, Oyster Bay Branch - Long Island Rail Road) | 2 min | 11 min | 0.6 mi |
| Transit/Subway | Drive | Walk | Distance |
| Vernon Boulevard-Jackson Avenue (7 - New York MTA Subway (The Subway)) | 1 min | 5 min | 0.3 mi |
| 21 Street (G - New York MTA Subway (The Subway)) | 1 min | 6 min | 0.3 mi |
| 45 Road-Court House Square (7 - New York MTA Subway (The Subway)) | 2 min | 10 min | 0.5 mi |
| Hunters Point Avenue (7 - New York MTA Subway (The Subway)) | 2 min | 10 min | 0.5 mi |
| Court Square - 23Rd Street (E - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway)) | 2 min | 12 min | 0.6 mi |
| Airport | Drive | Walk | Distance |
| LaGuardia | 13 min | - | 5.9 mi |
| John F Kennedy International | 23 min | - | 15.3 mi |
| Newark Liberty International | 25 min | - | 16.9 mi |
Eric Li
East Coast New York
Eric Li
East Coast New York
