38-01 Queens Blvd Queens, NY 11101
- Warehouses
Current Use by Public Records
- Warehouses
Property Details for 38-01 Queens Blvd
- Property type
- Warehouses
- Property subtype
- Retail properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.927
- Latitude
- 40.7444
