--LONG ISLAND CITY MIXED USE DEVELOPMENT OPPORTUNITY--
The subject property is a development site located on the corner of 39th Ave and 28th St. in Long Island City. This is a 25' x 100.83' lot with an FAR of 2.0 as of right, with a mixed use zoning of M1-2/R5D/LIC. Please note the property lies within the LIC Special Use Zoning District and offers developers the opportunity to achieve a max FAR 3.0 and a total of 7,563 buildable square feet of manufacturing, retail, and residential. Currently, there are two houses on the lot that can be delivered vacant.
The larger house is a 25' x 41' 2-story, semi-detached house with an unfinished basement used for storage. The first floor has 10' ceilings and is set up as a large open loft-like space with living room, large kitchen with dining area, and sliding glass doors leading to the yard. The second floor has 9.5' ceilings, 4 bedrooms, 2 walk in closets, and a master bathroom with dual vanities, a Jacuzzi tub, and sky light.
The smaller house roughly 1,000 square feet, is also a 2-stories, semi-detached, and has a finished basement. First floor has a large living room with kitchen and dining area. The second floor has 2 bedrooms and a full bath.
Located only 3 short blocks to the N/W trains at the 39th Ave. stop, or a short 5 minute walk to all 7, G, E, M, N, Q, R and F trains. This area of Long Island City is very appealing for developers, and is becoming very vibrant and active with dozens of residential, hotel, and commercial development projects currently underway.
Block/Lot: 00397-0020 Location: Corner of 39th Ave. and 28th St. in Long Island City Property Type: Development Lot Dimensions: 25 x 100.83 Lot S.F.: 2,521 Current FAR: 2 Buildable S.F.: 5,042 Potential Max FAR: 3 Total Potential B.S.F.: 7,563 Zoning: M1-2/R5D Property Taxes: $7,404
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