3817 23rd St, Long Island City, NY 11101-3617

This exceptional investment opportunity presents a substantial 118,000-square-foot warehouse property ideally situated in the Dutch Kills neighborhood of Queens, New York. Located at 3817 23rd Street and 3818-3820 24th Street, this property encompasses two adjacent tax lots, offering significant development potential. The site boasts impressive street frontage, with 250 feet along 23rd Street and 50 feet along 24th Street. Currently zoned M1-3 with a 5.0 FAR, this allows for a total buildable area of 118,800 square feet. The property includes a 23,760-square-foot lot specifically zoned M1-3. This versatile zoning permits a wide range of development options, including hotels, large office spaces, or expansive industrial facilities. The property is currently occupied by month-to-month tenants. Its prime location in the thriving Dutch Kills area, coupled with its proximity to the 21st Street subway station, makes this an exceptionally attractive proposition for investors seeking a high-return development project. The asking price for this significant industrial property is $10,000,000. This is a rare opportunity to acquire a large-scale property in a rapidly developing area of Queens.