Long Island City Development
42-11 Northern Boulevard Queens, NY 11101
For Sale
$37,000,000
Block-end lot with development potential in Long Island City.
Property Size24,300 SF
Lot Size0.56 Acres
Price / SF$1,522
Days on Market139
Property Features for 42-11 Northern Boulevard
General Information
- Standard status
- Active
- Size
- 24,300 SF
- Lot size
- 0.56 Acres
- Property subtype
- retail.street_retail,industrial.flex_space,industrial.warehouse_distribution,land.office,land.retail,land.industrial,land.multifamily
Listing Agency:
Avison Young - US - NY - New York
(917) 362-1485
Listed By:
James Nelson · License #10301211302
(917) 362-1485
Source:
Avisonyoung
Added: Mar 7
Changed: Jul 10
Last Checked: Jul 10 at 1:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Avison Young - US - NY - New York
Investment Insights
Based on property information with market context.
The property at 42-11 Northern Boulevard, currently improved with a one-story, 24,300 SF retail building, is available for sale or ground lease. The approximately 24,387 SF block-end lot offers up to 219,483 ZFA for residential or mixed-use development. The development site is located within an opportunity zone. The property occupies a full block-end with 535 feet of wraparound frontage at the intersection of Northern Boulevard, 42nd Street, and 43rd Street in Long Island City. The site is located within the recently rezoned Innovation QNS district (M1-5/R9-1), which permits a residential FAR of 9.0, allowing for up to 219,483 BSF. The zoning includes a commercial overlay permitting a 5.0 FAR for manufacturing/commercial use and a 10.0 FAR for community facility use.
Key Highlights
- Significant Development Potential: Up to 219,483 ZFA for residential or mixed‑use development.
- Opportunity Zone Location: Potential tax benefits for developers.
- Favorable Zoning: Located within the Innovation QNS district (M1‑5/R9‑1) with a residential FAR of 9.0.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
New York City ...
Motorcycle Shop
FAQs
What type of property is this?
Commercial land - Block-end lot with development potential in Long Island City.
Where is this commercial land located?
The property is located at 42-11 Northern Boulevard Queens, NY.
What is the asking price?
The asking price for this property is $37,000,000.
What are key features of this property?
This property features: Significant Development Potential: Up to 219,483 ZFA for residential or mixed‑use development.; Opportunity Zone Location: Potential tax benefits for developers.; Favorable Zoning: Located within the Innovation QNS district (M1‑5/R9‑1) with a residential FAR of 9.0.
