Block/Lot: 405-0016 Location: Mid-block on 27th St. in between 40th Ave. and 41st Ave. in Long Island City. Property Type: Development Lot Dimensions: 25 x 100 Lot S.F.: 2,500 Current FAR: 2 Potential Max FAR: 3 Total Potential B.S.F.: 7,500 Zoning: M1-2/R5B Property Taxes: $4,913
The subject property is a development site located mid-block on 27th St. in between 40th Avenue and 41st Avenue in Long Island City, one and half blocks from the N/Q/7 trains at the Queensboro Plaza Subway station and the E/M/R subway lines in immediate vicinity. Currently, there is a 20' x 43' 2-family semi detached house on the lot that can be delivered vacant. This is a 2,500 sq ft lot with an FAR of 2, with a mixed use zoning of M1-2/R5B/LIC. However, the zoning is part of LIC Special Use District and this lot can achieve a max FAR 3.0 and a total of 7500sf buildable. This area of Long Island City is very appealing for developers, with dozens of residential, hotel, and commercial development projects..
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