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$ 6,875,000
Est. payment /mo
Price Dropped by $627K
41-41 24th ST Long Island City, NY 11101
2,613 Sqft Lot
UPDATED:
12/03/2024 02:49 AM
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEYL3585759
Originating Board onekey2
Rental Info No
Year Built 1930
Annual Tax Amount $42,936
Lot Size 2,613 Sqft
Acres 0.06
Lot Dimensions 25x100
Property Description
Shovel-ready development site for sale at 41-41 24th Street, Long Island City, offering a prime investment opportunity in one of NYC's fastest-growing neighborhoods. This 2,500 square foot lot comes with 25,009 gross buildable square feet and approved plans for a 13-story mid-rise elevator building. The plans include 24 one-bedroom units, each measuring 623 square feet, with two units per floor. The building will feature a ground-floor gym, a welcoming lobby, a basement for controls and mechanics, and a private rooftop lounge for residents. With a Floor Area Ratio (FAR) of 7.90 and M1-5/R9 zoning, this site allows for high-density residential development alongside light manufacturing or commercial uses. This makes it ideal for mixed-use projects that combine modern living spaces with office or retail components, catering to the area's evolving residential and business demands. Located in Long Island City, the property benefits from excellent transit access, with subway lines, shops, and cultural venues nearby. This development is poised to attract young professionals and businesses looking to capitalize on the vibrant, mixed-use environment that defines this thriving urban hub. A unique opportunity for developers seeking to contribute to the growth of Long Island City.
Location
State NY
County Queens
Interior
Fireplace No
Exterior
View Bridge(s), City, Other, Panoramic, Park/Greenbelt, Skyline, Open
Private Pool No
Building
Lot Description Cleared
Sewer Public Sewer
Water Public
Schools
Middle Schools Is 204 Oliver W Holmes
High Schools Long Island City High School
School District Queens 30
Others
Special Listing Condition None
Listed by NY Space Finders Inc