Marcus & Millichap - Tri Borough Multi-Family

3925 27th Street

NY

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Price: $3,500,000
Building Size: 13,718 Square Feet
Property Type: Development Site
Exclusive Listing Team:
Matt Fotis
Tel: 212-430-5234
Matthew.Fotis@marcusmillichap.com
Zachary Golub
Tel: 212-430-5134
Zachary.Golub@marcusmillichap.com
Property Status: Active
Description:

Marcus & Millichap is pleased to offer, 39-25 27th Street located between 39th Avenue and 40th Avenue in the Long Island City section of Queens, NY.

The 50’ x 100.92’ lot with 50 feet of frontage on 27th Street.  This site is zoned M1-2/R5B, LIC which allows for various FARs for a diverse Mixed-Use Project. The As of Right Residential FAR is equivalent to 1.65, or 8,325 BSF. The Commercial FAR is equivalent to 2.0 or 10,092 BSF. The Facility FAR is also equivalent to 2.0 or 10,092 BSF (Block: 397, Lot: 5).

This property offers developers the rare opportunity to purchase a large development site with 50’ of frontage on 27th Street; and M1-2/R5B, LIC zoning allowing for a maximum development of approximately 13,718 buildable square feet.