Commercial Land for Sale in Queens, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Commercial Land
  • Location: Queens, NY 11101

Description

Marcus & Millichap is pleased to exclusively present 38-20 27th Street, a premier development site situated in the heart of one of New York City’s most dynamic neighborhoods. Investment Highlights: • Significant Development Potential: Benefit from M1-2/R5B, LIC zoning, allowing for a Floor Area Ratio (FAR) of up to 3.0. Eligible for 485 X 40 year tax abatement for a rental building. • Scale: Deliver a project of up to 10,791 gross buildable square feet as-of-right. • Unbeatable Connectivity: Located within walking distance of three major transit hubs—Queensboro Plaza, Queens Plaza, and 21st Street-Queensbridge • Prime Development Opportunity in Long Island City's Dutch Kills District. • Rapid Transit Access: Seamlessly connect to Manhattan and Brooklyn via the F, N, W, E, M, R, and 7 subway lines • Versatile Usage: Perfect for high-demand multifamily residential, or specialized commercial ventures including motion picture studios, radio/TV stations • The Location: A Rising Market38-20 27th Street offers investors and developers a strategic foothold in the rapidly evolving LIC landscape.

Market Context

This land in Queens, NY is listed for sale. It has been on the market for 52 days. Compare it against other land listings for sale in Queens, NY — <a href="/search/sale/land/new-york/queens">view the full market</a>.

Contact

  • Said Boukhalfa

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