Multi-Family
38-20 27th St. LIC Development Site
38-20 27th St, Queens, NY 11101
Listing Price: $3,200,000
Investment Overview
Marcus & Millichap is pleased to exclusively present 38-20 27th Street, a premier development site situated in the heart of one of New York City’s most dynamic neighborhoods.
38-20 27th St. LIC Development Site
Investment Highlights
- Significant Development Potential: Benefit from M1-2/R5B, LIC zoning, allowing for a Floor Area Ratio (FAR) of up to 3.0. Eligible for 485 X 40 year tax abatement for a rental building.
- Scale: Deliver a project of up to 10,791 gross buildable square feet as-of-right.
- Unbeatable Connectivity: Located within walking distance of three major transit hubs—Queensboro Plaza, Queens Plaza, and 21st Street-Queensbridge
- Prime Development Opportunity in Long Island City's Dutch Kills District.
- Rapid Transit Access: Seamlessly connect to Manhattan and Brooklyn via the F, N, W, E, M, R, and 7 subway lines
- Versatile Usage: Perfect for high-demand multifamily residential, or specialized commercial ventures including motion picture studios, radio/TV stations
- The Location: A Rising Market38-20 27th Street offers investors and developers a strategic foothold in the rapidly evolving LIC landscape.
Exclusively Listed By
Listing Price: $3,200,000
Investment Highlights
- Significant Development Potential: Benefit from M1-2/R5B, LIC zoning, allowing for a Floor Area Ratio (FAR) of up to 3.0. Eligible for 485 X 40 year tax abatement for a rental building.
- Scale: Deliver a project of up to 10,791 gross buildable square feet as-of-right.
- Unbeatable Connectivity: Located within walking distance of three major transit hubs—Queensboro Plaza, Queens Plaza, and 21st Street-Queensbridge
- Prime Development Opportunity in Long Island City's Dutch Kills District.
- Rapid Transit Access: Seamlessly connect to Manhattan and Brooklyn via the F, N, W, E, M, R, and 7 subway lines
- Versatile Usage: Perfect for high-demand multifamily residential, or specialized commercial ventures including motion picture studios, radio/TV stations
- The Location: A Rising Market38-20 27th Street offers investors and developers a strategic foothold in the rapidly evolving LIC landscape.
Investment Overview
Marcus & Millichap is pleased to exclusively present 38-20 27th Street, a premier development site situated in the heart of one of New York City’s most dynamic neighborhoods.
Exclusively Listed By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
