41-41 24Th St Queens, NY 11101

This exceptional 2,500 square foot development site, located at 41-41 24th Street in Long Island City, Queens, presents a remarkable investment opportunity. Zoned M1-5/R9 with a 7.90 FAR, this shovel-ready lot boasts approved plans for a thirteen-story mid-rise residential building. The plans encompass twenty-four one-bedroom units, each spanning 623 square feet, arranged with two units per floor. Building amenities include a ground-floor gym, a welcoming lobby, a basement for building mechanics, and a private rooftop lounge for residents. The property's 25,009 gross buildable square feet allows for high-density residential development, with the potential for mixed-use integration given the zoning's allowance for light manufacturing or commercial uses. This prime location in Long Island City offers unparalleled access to public transportation, nearby shops, and cultural attractions, making it highly attractive to young professionals and businesses. The site's potential to cater to the area's evolving residential and commercial demands makes this a unique opportunity for developers seeking to contribute to the growth of this thriving urban hub. The asking price for this exceptional property is $7,502,000.