Marcus & Millichap - Tri Borough Multi-Family

21-47 44th Drive Long Island City Queens, New York

21-47 44th Drive
Long Island City, NY

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Price: $2,300,000
Year Built: 1920
Building Size: 2,340 Square Feet
Lot Size: 2,000 Square Feet
Exclusive Listing Team:
Property Status: Under Contract

Investment Overview

Marcus & Millichap is pleased to offer 21-47 44th Drive, located between 21st Street and 23rd Street in the Long Island City section of Queens, New York.

The property includes a 2 story residential building built 20 ft x 42 ft and sits on a 20 ft x 100 ft lot. 21- 47 44th Drive is zoned M1-4/R7A, LIC which allows for a maximum FAR of 4.00 “As of Right”. The total buildable square feet of 8,000 (Block: 438, Lot: 5).

This property offers developers the rare opportunity to purchase a development site with 20 ft of frontage on 44th Drive and M1-4/R7A, LIC allowing for 8,000 buildable square feet “As of Right” in the Long Island City section of Queens, New York.

Investment Highlights

  • Rare Development Site in Court Square area of Long Island City
  • M1-4/R7A, LIC Allowing for 8,000 Buildable Square Feet “As of Right”
  • 15 Minute Subway Ride to Manhattan | Short Walk to EGM & 7 Trains
  • 20 Feet of Frontage on 44th Drive
  • Property Delivered Vacant