Assignments

Prime Corner Long Island City Development Site

39-49 29th St, Long Island City, NY 11101

39-49 29th St, Long Island City, NY 11101

under contract

Asking
Sale Price
$
2600000

Property Details

Status
For Sale
Property Type
Residential Development Site
Price Summary
$
2600000
Sale Price
$
Buildable SF
6400
Building SF
6400
LOT SF
6400
Cap RATE
%
Zoning
M1-2/R5D, LIC

Highlights

  • Development Site(s) Totaling: 3200 Sq. Ft.
  • Lot Dimensions: 39 ft x 101 ft on a Corner Lot
  • Zoning: M1-2/R5D, LIC for a 6400 Sq. Ft. Residential Building
  • Special Zoning: Dutch Kills Special Zoning allows for an additional 3200 Sq. Ft. of ground-floor commercial space
  • Current Building: 2931 Sq. Ft., delivered vacant

Property DEscription

Landair Property Advisors is pleased to present an exceptionaldevelopment opportunity located at 39–49 29th Street, Long IslandCity, NY 11101. This prime corner-site offering totals 3,200 sq. ft. withlot dimensions of 39 ft x 101 ft.The property is zoned M1-2/R5D, LIC within the Dutch Kills SpecialDistrict, allowing for a 6,400 sq. ft. residential development plus anadditional 3,200 sq. ft. of ground-floor commercial space—a valuableadvantage provided by the special zoning regulations.Currently improved by a 2,931 sq. ft. building, the site will be deliveredvacant, offering maximum flexibility for redevelopment.The Dutch Kills market remains stable and increasingly attractive todevelopers, supported by steady demand for residential product andgrowing interest in mixed-use projects in the area.

Map

Alexandre Goulet
Partner
(646) 559-4700
ag@landairnyc.com
Anand Melwani
Partner
(646) 559-4700
AM@landairnyc.com

Documents

Offering Memorandum
Data Room

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