Listing Information
646.912.1923 | theaustadteam.elliman.com
The Austad Team
At Douglas Elliman Real Estate

27-20 39th Avenue - Long Island City, New York

27-20 39th Avenue - Long Island City, New York

 

--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

Please call or email for further information.

This listing courtesy of Douglas Elliman

Property Details

27-20 39th Avenue - Long Island City, New York

Price: $2,050,000

Neighborhood: Long Island City

Multi-Family

Listing ID: 2562256

 

 

Your Agent(s)

Christopher Austad

Christopher Austad

O: 646.912.1923

M: 646.912.1923

F: 917.265.4915

caustad@elliman.com

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© 2017. Douglas Elliman Real Estate. All material presented herein is intended for information purposes only. While, this information is believed to be correct, it is represented subject to errors, omissions, changes or withdrawal without notice. All property information, including, but not limited to square footage, room count, number of bedrooms and the school district in property listings are deemed reliable, but should be verified by your own attorney, architect or zoning expert. The number of bedrooms listed above is not a legal conclusion. Each person should consult with his/her own attorney, architect or zoning expert to make a determination as to the number of rooms in the unit that may be legally used as a bedroom.

 

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