38-01 Queens Blvd, Queens, NY 11101

This exceptional redevelopment opportunity presents a 22,500 square foot lot ideally situated at 38-01 Queens Boulevard in Long Island City, Queens, NY, 11101. The property boasts 325 feet of wraparound frontage on a 100' x 225' corner lot. Significant groundwork has already been completed, including excavation, footings, foundation, elevator pits, and a below-grade parking garage designed for 100+ cars, complete with bike storage and EV charging stations. The first-floor slab is also in place. This site benefits from its proximity to the 7-Train subway (a 15-minute ride to Manhattan) and major roadways including the Long Island Expressway (I-495), the Brooklyn-Queens Expressway (I-278), and the Midtown Tunnel, ensuring excellent accessibility. The property is zoned M1-4, offering substantial development potential. The commercial floor area ratio (FAR) is 2.00, the manufacturing FAR is 2.0, and the facility FAR is 6.5, resulting in a potential commercial buildable area of approximately 45,000 square feet and a potential manufacturing/facility buildable area of approximately 146,250 square feet. The asking price for this remarkable development site is $12,000,000. This translates to approximately $266 per buildable square foot based on the commercial ZFA and $82 per square foot based on the maximum ZFA.