40-21 27th St - Long Island City, New York



40-21 27th St - Long Island City, New York



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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This listing courtesy of Douglas Elliman

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Property Details:

  • 40-21 27th St - Long Island City, New York
  • Price: $1,500,000
  • Neighborhood: Long Island City
  • Multi-Family
  • Approximate Sq. Feet: 1,812
  • Listing ID: 2251211

Area Details:

Your Agent(s)
For Appointment Contact:
Christopher Austad

Christopher Austad

O: 646.278.1080

M: 646.912.1923

F: 917.265.4915

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