Cushman & Wakefield has been retained on an exclusive basis to sell a development site at 45-57 Davis Street. The property is located between Jackson and Skillman Avenues in the Long Island City neighborhood of Queens. The asking price is $34,000,000, which equates to approximately $314 per buildable square foot.
Located within M1-5, R7-3, and LIC zoning districts, the site holds approximately 108,000 buildable square feet on a 216’ x 100’ lot. The site consists of three tax lots and currently holds a two-story building containing approximately 19,912 square feet.
“This site is situated directly across the street from 5 Pointz and many of the major new developments in the neighborhood,” said Cushman & Wakefield’s Stephen R. Preuss, who is exclusively marketing this property with David Chkheidze. “This pocket of Long Island City gives a developer the opportunity to be situated near many of the developments that will drastically change the landscape of the area,” said Chkheidze.
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Neighborhoods: Long Island City/ Agents: Stephen Preuss