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    37-5 21St St Queens, NY 11106

    For Sale
    Contact for pricing

    29,817 SF lot in Qualified Opportunity Zone.

    Property size:
    15,700 SF
    Lot size:
    0.19 Acres

    Property Features for 37-5 21St St

    General Information

    Size
    15,700 SF
    Lot size
    0.19 Acres

    Source: Development Site Advisors Agent Rubin Isak

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Long Island City Development Opportunity

    Located in Long Island City, Queens, the property consists of an approximately 275.73’ x 130.12’ lot, totaling 29,817 square feet. It is located in an M1-3 Zoning District with a FAR of 5.0, which allows for the development of approximately 149,085 square feet. The property is currently improved by a G2 class building with 15,700 gross square footage. Situated on 21st Street, between 37th and 38th Avenues, the site features approximately 275.73 feet of frontage. The location provides convenient access to the Queensboro Bridge Station and the N/W subway lines at 36th Avenue. The site is located in a Qualified Opportunity Zone, offering potential tax benefits and gains deferral options for developers and investors.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.932614
    Latitude
    40.7642612

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    FAQs

    What type of property is this?
    Commercial land - 29,817 SF lot in Qualified Opportunity Zone.
    Where is this commercial land located?
    The property is located at 37-5 21St St Queens, NY.
    What are key features of this property?
    This property features: - Large development site: **29,817 sq ft lot with potential for ±149,085 sq ft development.**; - M1-3 Zoning with a FAR of 5.0 allows for significant development potential.; - Located in a Qualified Opportunity Zone, offering tax benefits and gains deferral options.
    (917) 325-4672
    Request Owner's contact information
    37-5 21St St Queens, NY 11106
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    Queens, NY 11106
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    37-5 21St St Queens, NY 11106
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