36-33 31st Street, Long Island City, NY 11106

Long Island City, Queens, New York 11106

$6,300,000  

Listing ID Number

24903

Property Description

Cushman & Wakefield is retained on an exclusive basis for the sale of 36-33 31st Street, a shovel-ready mixed-use development site in Long Island City, Queens. The site o­ffers a total of approximately 22,000 buildable square feet with fully-approved plans, approved ICAP tax abatement, and 421-A tax abatement eligibility. It lies within zoning districts M1-2 / R6A /R5B allowing for mixed-use development.

The approved plans allow a seven-story building with below-grade parking, ground floor retail, and six floors of residential apartments totaling 22 one-bedroom units. 36-33 31 Street is conveniently located in proximity of seven MTA subway lines (N,W,F,7,E,M,R) as well as the LIRR. This site is a great opportunity for a developer to capitalize on the growing demand for residential units in the Long Island City area.

Approved plans are available upon request. All property inspections are to be done by appointment only.
Please inquire within.

Overview

Building Type:Development/Conversion Sites
Lot Dimensions:50 x 116
Approx.
Lot Sq Ft:5,642
Approx.
Buildable Sq. Ft:21,258
Approved
Stories:7
Based on Plans
Residential Units:22
Based on Plans
Commercial Units:1
Based on Plans
Zoning:M1-2 / R6A / R5B

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Stephen R. Preuss
Senior Managing Director
(718) 512 2118
stephen.preuss@cushwake.com

Andreas Efthymiou
Associate
(718) 512 2621
Andreas.Efthymiou@cushwake.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.