Corner Development Site For Sale - Agorafy
Corner Development Site For Sale 39-49 29th Street, Long Island City, NY 11101 Block / Lot: Location:
399/ 1 On the corner of 40th Avenue and 29th Street in Long Island City.
Property Type: Lot Size: Residential Buildable SF: Commercial Buildable SF: Total Potential BSF: Lot Dimensions: Zoning: F.A.R.: Existing SF: Taxes (14/15):
Development 3,200 6,400 6,400 6,400 39’ X 100’ M1-2/R5D/LIC 2.0 3,500 $0
(Approx.) (Approx.) (Approx.) (Approx.) (Approx.)
(Approx.) (Church Use)
Property Description: The subject property is a development site located in prime Long Island City, just a few short blocks north of Queens Plaza. The property benefits from having approximately 39’ of frontage along 29th Street and approximately 100’ of frontage along 40th Avenue. The site is situated within multiple zoning districts (M1-2/R5D/LIC) and allows for 6,400 square feet of residential space to be built on the 3,200 square foot lot. The site is currently being used as a church and the current building is 3,500 square feet. This site is located near many new developments that are changing the skyline for Long Island City and this is an incredible opportunity to be situated closely to the action. Furthermore, the new development would qualify for the 421a program, a tremendous benefit as it would significantly reduce the taxes once the development is completed. Finally, the site is in the immediate vicinity of six MTA subway lines (M, R, Q, N, 7, E) and thus poses an excellent opportunity for a developer looking for a project in the heart of Long Island City. MTA Subway Access:
205 Montague Street, 3rd Floor Brooklyn, NY 11201 T: 718-238-8999 / F: 718-238-6091
275 Madison Avenue, 3rd Floor Boulevard, 14 ASKING PRICE: $2,300,000118-35 Queens New York, NY 10016 Forest Hills, NY 11375 T: 212-696-2500 / F: 212-696-0333
For further information, please contact Exclusive Agents:
th
Floor
T: 718-275-3400 / F: 718-275-5478
Conrad Martin Stephen Preuss David Chkheidze Associate Vice President of Sales Director of Sales [email protected] [email protected] [email protected] (718) 512-2625 (718) 512-2118 (718) 512-2620
Michael Han Associate [email protected] (718) 512-2627
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
118-35 Queens Blvd. • 14th Floor • Forest Hills, NY 11375 • 718.275.3400 • Fax 718.275.5478 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
NEW JERSEY
QUEENS
STATEN ISLAND
WESTCHESTER
Corner Development Site For Sale 39-49 29th Street, Long Island City, NY 11101 39-49 29th Street
Development Site
30-07 40th Avenue
428 Residential Units Gotham Center Development
29-07 Queens Plaza N
29-32 Northern Boulevard
32-04 38th Avenue
3.5 Million Square Feet
160 Room Hotel / 135 Residences
415 Residential Units
20 Residential Units
205 Montague Street, 3rd Floor Brooklyn, NY 11201 T: 718-238-8999 / F: 718-238-6091
275 Madison Avenue, 3rd Floor Boulevard, 14 ASKING PRICE: $2,300,000118-35 Queens New York, NY 10016 Forest Hills, NY 11375 T: 212-696-2500 / F: 212-696-0333
For further information, please contact Exclusive Agents:
Stephen Preuss David Chkheidze Vice President of Sales Director of Sales [email protected] [email protected] (718) 512-2118 (718) 512-2620
th
Floor
T: 718-275-3400 / F: 718-275-5478
Conrad Martin Associate [email protected] (718) 512-2625
Michael Han Associate [email protected] (718) 512-2627
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
118-35 Queens Blvd. • 14th Floor • Forest Hills, NY 11375 • 718.275.3400 • Fax 718.275.5478 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
NEW JERSEY
QUEENS
STATEN ISLAND
WESTCHESTER
399/ 1 On the corner of 40th Avenue and 29th Street in Long Island City.
Property Type: Lot Size: Residential Buildable SF: Commercial Buildable SF: Total Potential BSF: Lot Dimensions: Zoning: F.A.R.: Existing SF: Taxes (14/15):
Development 3,200 6,400 6,400 6,400 39’ X 100’ M1-2/R5D/LIC 2.0 3,500 $0
(Approx.) (Approx.) (Approx.) (Approx.) (Approx.)
(Approx.) (Church Use)
Property Description: The subject property is a development site located in prime Long Island City, just a few short blocks north of Queens Plaza. The property benefits from having approximately 39’ of frontage along 29th Street and approximately 100’ of frontage along 40th Avenue. The site is situated within multiple zoning districts (M1-2/R5D/LIC) and allows for 6,400 square feet of residential space to be built on the 3,200 square foot lot. The site is currently being used as a church and the current building is 3,500 square feet. This site is located near many new developments that are changing the skyline for Long Island City and this is an incredible opportunity to be situated closely to the action. Furthermore, the new development would qualify for the 421a program, a tremendous benefit as it would significantly reduce the taxes once the development is completed. Finally, the site is in the immediate vicinity of six MTA subway lines (M, R, Q, N, 7, E) and thus poses an excellent opportunity for a developer looking for a project in the heart of Long Island City. MTA Subway Access:
205 Montague Street, 3rd Floor Brooklyn, NY 11201 T: 718-238-8999 / F: 718-238-6091
275 Madison Avenue, 3rd Floor Boulevard, 14 ASKING PRICE: $2,300,000118-35 Queens New York, NY 10016 Forest Hills, NY 11375 T: 212-696-2500 / F: 212-696-0333
For further information, please contact Exclusive Agents:
th
Floor
T: 718-275-3400 / F: 718-275-5478
Conrad Martin Stephen Preuss David Chkheidze Associate Vice President of Sales Director of Sales [email protected] [email protected] [email protected] (718) 512-2625 (718) 512-2118 (718) 512-2620
Michael Han Associate [email protected] (718) 512-2627
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
118-35 Queens Blvd. • 14th Floor • Forest Hills, NY 11375 • 718.275.3400 • Fax 718.275.5478 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
NEW JERSEY
QUEENS
STATEN ISLAND
WESTCHESTER
Corner Development Site For Sale 39-49 29th Street, Long Island City, NY 11101 39-49 29th Street
Development Site
30-07 40th Avenue
428 Residential Units Gotham Center Development
29-07 Queens Plaza N
29-32 Northern Boulevard
32-04 38th Avenue
3.5 Million Square Feet
160 Room Hotel / 135 Residences
415 Residential Units
20 Residential Units
205 Montague Street, 3rd Floor Brooklyn, NY 11201 T: 718-238-8999 / F: 718-238-6091
275 Madison Avenue, 3rd Floor Boulevard, 14 ASKING PRICE: $2,300,000118-35 Queens New York, NY 10016 Forest Hills, NY 11375 T: 212-696-2500 / F: 212-696-0333
For further information, please contact Exclusive Agents:
Stephen Preuss David Chkheidze Vice President of Sales Director of Sales [email protected] [email protected] (718) 512-2118 (718) 512-2620
th
Floor
T: 718-275-3400 / F: 718-275-5478
Conrad Martin Associate [email protected] (718) 512-2625
Michael Han Associate [email protected] (718) 512-2627
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
118-35 Queens Blvd. • 14th Floor • Forest Hills, NY 11375 • 718.275.3400 • Fax 718.275.5478 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
NEW JERSEY
QUEENS
STATEN ISLAND
WESTCHESTER
