Cushman & Wakefield has been retained on an exclusive basis to sell a development site at 41-05 29th Street, located on the corner of 29th Street and 41st Avenue in the Long Island City neighborhood of Queens. The asking price is $6,900,000.
The property consists of a two-story building on an approximately 75’ x 51’ lot. Situated within M1-6/R10/LIC zoning districts, it features a total development potential of approximately 27,000 buildable square feet, as of right.
“This residential development site offers a tremendous opportunity right in the heart of Long Island City. Its proximity to Queens Plaza and many of the neighborhoods biggest developments put this site at the center of much of the action happening in the neighborhood,” said Cushman & Wakefield’s David Chkheidze, who is exclusively marketing the site with Conrad Martin. “The favorable R10 zoning allows for 12.0 FAR, that alone will garner tremendous activity on this site,” David continued.
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Neighborhoods: Long Island City