Price Reduced 8.36%


Price History

$7,502,000
10/17/2024

$6,875,000
11/21/2024


41-41 24th Street, Queens, (Long Island City), NY, 11101

41-41 24th Street, Queens, (Long Island City), NY, 11101

Shovel-ready development site for sale at 41-41 24th Street, Long Island City, offering a prime investment opportunity in one of NYC's fastest-growing neighborhoods. This 2,500 square foot lot comes with 25,009 gross buildable square feet and approved plans for a 13-story mid-rise elevator building. The plans include 24 one-bedroom units, each measuring 623 square feet, with two units per floor. The building will feature a ground-floor gym, a welcoming lobby, a basement for controls and mechanics, and a private rooftop lounge for residents. With a Floor Area Ratio (FAR) of 7.90 and M1-5/R9 zoning, this site allows for high-density residential development alongside light manufacturing or commercial uses. This makes it ideal for mixed-use projects that combine modern living spaces with office or retail components, catering to the area's evolving residential and business demands. Located in Long Island City, the property benefits from excellent transit access, with subway lines, shops, and cultural venues nearby. This development is poised to attract young professionals and businesses looking to capitalize on the vibrant, mixed-use environment that defines this thriving urban hub. A unique opportunity for developers seeking to contribute to the growth of Long Island City.


Status:

Active

Town:

Queens

Type:

Lot / Acreage

Zoning:

Residential

Acreage:

0.06

Est. Taxes:

$42,936

Lot Description:

Cleared

View Description:

Bridge(s), City, Park/Greenbelt, Panoramic, Skyline, Other

Middle School:

Is 204 Oliver W Holmes

High School:

Long Island City High School

School District:

Community District 30

MLS #:

3585759


Community Info

School Info

Walk Score

Mass Transit

Yelp



Listing courtesy of NY Space Finders Inc 516-801-6181