We are pleased to announce that Modern Spaces Commercial & Investment Property Group has been retained on an exclusive basis to arrange for the sale of 12-15 Jackson Avenue and the adjacent paved lot on 47th Road. 12-15 Jackson Avenue is a three story, prewar mixed use building currently configured as a retail unit on the ground floor while the two top floors are owner occupied with high-end finishes and a roof deck. The retail unit currently has a lease paying $5,624 per month and expires in August 2019. The very large size of the residential units offers an opportunity to divide them into four separate units, while 1,567 square feet of air rights allows additional floors to be added to the building. The adjacent lot offers parking space, as well as another 7,750 buildable square feet for mixed use construction. Subway access is convenient and options are plentiful, with G, 7, E & M stations just blocks away and R, N, & W stations nearby. The properties offer an exclusive opportunity in the heart of Long Island City for buyers seeking for a luxurious 3,000 square foot living space with supplementary income and parking, investors interested in capitalizing on Long Island City’s explosive growth, or a developer looking to leave their mark on one of New York City’s hottest neighborhoods. Offering memorandum available on request.
12-15 Jackson Avenue Setup Web