Listing Agency: Development Site Advisors Show Phone

Listed By: Rubin Isak Show Phone

Source: Moodyscre

Added: Dec 17, 2024 Changed: Aug 9 Last Checked: Aug 13 at 7:37AM

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Investment Insights

Based on property information with market context.

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.

Key Highlights

• 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.

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick Law Firm Nursing Home Real Estate Agency Garden Center Pet Grooming Service Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,450

Businesses Nearby

Explore this area Business Placement

Questions? Ask Rey

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Frequently Asked Questions

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.