11-15 47th Avenue & 11-18 46th Road
11-15 47th Avenue & 11-18 46th Road is a premier residential development opportunity comprising two contiguous parcels in Long Island City, Queens, offered for sale. The 22,000 SF site features wraparound frontage along 47th Avenue, 46th Road, and 11th Street and is positioned just outside the OneLIC rezoning area, allowing it to retain as-of-right zoning while benefiting from anticipated neighborhood growth and investment.
The property supports approximately 81,479 square feet of as-of-right residential floor area at 2.83 FAR, with potential to increase to approximately 100,294 square feet at 3.49 FAR through the Unified Affordable Program (UAP). The scale and flexibility of the site accommodate substantial rental or condominium development. Long Island City is one of New York City's fastest-growing residential and commercial submarkets, with the site offering convenient access to the E, F, 7, and G subway lines, Long Island Rail Road service at Hunterspoint Avenue, and Metro-North connections through Grand Central Terminal. The location provides efficient access to Manhattan, Brooklyn, and the broader metropolitan area, surrounded by parks, neighborhood amenities, and significant public and private investment.
- 22,000 SF development site with wraparound frontage on three streets
- 81,479 SF as-of-right residential ZFA (2.83 FAR); expandable to 100,294 SF (3.49 FAR) via UAP
- Flexible for rental or condominium development
- Prime Long Island City location with direct subway access (E, F, 7, G lines)
- Positioned to benefit from OneLIC neighborhood growth and investment
Location
BKREA has been exclusively retained to arrange the sale of 11-15 47th Avenue & 11-18 46th Road, a premier residential development opportunity comprising two contiguous parcels in the heart of Long Island City, Queens. The property features wraparound frontage along 47th Avenue, 46th Road, and 11th Street and is located just outside the OneLIC rezoning area, allowing the site to retain its existing as-of-right zoning while benefiting from the anticipated growth and investment associated with the broader neighborhood planning initiative. The property offers approximately 81,479 square feet of as-of-right residential ZFA at 2.83 FAR, with the potential to increase development capacity to approximately 100,294 ZFA at 3.49 FAR through the Unified Affordable Program (UAP). The site is well suited for either rental or condominium development and provides the scale and flexibility to support a substantial residential project. Located in one of New York City’s fastest-growing residential and commercial submarkets, the property benefits from convenient access to the E, F, 7, and G subway lines, the Long Island Rail Road at Hunterspoint Avenue, and connections to Metro-North through Grand Central Terminal, providing efficient access to Manhattan, Brooklyn, and the greater metropolitan area. Surrounded by parks, neighborhood amenities, and significant public and private investment, the site offers strong long-term fundamentals and an opportunity to capitalize on Long Island City’s continued transformation, population growth, and increasing demand for housing.