3921 Crescent Street
Marcus & Millichap is pleased to offer, 39-21 Crescent Street aka 39-12 27th Street located between 39th and 40th Avenues in the Dutch Kills section of Long Island City, Queens, New York.
The subject property includes a four-story school building originally built in 1925 and auditorium/house of worship building completed in 1997 with two elevators. The lot offers 275 feet of frontage zoned M1-2/R5D, LIC (1.65 FAR) on Crescent Street and 300 feet of frontage zoned M1-2/R5B, LIC (2.0 FAR) on 27th Street allowing for approximately 105,000 buildable square feet as of right of right and a FAR of up to 3.0 for certain commercial and manufacturing uses for that additional floor area The property is also located within a Qualified Opportunity Zone (Census Tract 36081003300) (Block: 396, Lot: 10).
This property offers developers the rare opportunity to purchase a large block through development site located in a Qualified Opportunity Zone in the Dutch Kills section of Long Island City, Queens, New York.