Plaza 48

3500 48th Street Long Island City, NY 11101

3500 48th Street, Long Island City, NY, 11101
3500 48th Street, Long Island City, NY, 11101
Property Type:
Street Retail
Please Call Broker for Price

Last Verified:
Sep 14, 2021

  • Plaza 48 is located on 48th Street, just off Northern Blvd. in the densely populated Long Island City area of Queens
  • The tenants draw from the local trade area as well as from the surrounding communities
  • It is one of the few strip centers in Queens with sufficient on-site parking and roadway access
  • Inner City Community Shopping Center
  • Parking available for 400 cars
  • Major Tenants: BJ's Wholesale Club, David's Bridal, and Burlington Coat Factory

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Map of 3500 48th Street, Long Island City, NY, 11101

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.