This PRIME LIC MIXED USE DEVELOPMENT SITE is set on a quiet block in the heart of Long Island City, steps from transportation, restaurants, shopping and schools, and just minutes from Manhattan. Block/Lot: 397 - 29 Location: Mid-block on 28th St. in between 40th Ave. and 39th Ave. in Long Island City. Property Type: Cleared Development site with APPROVED Plans Lot Dimensions: 25 x 100.83 Lot S.F.: 2,521 Potential Max Residential FAR: 1.65 Max Residential SF: 4,159 Potential Max Mixed-Use FAR: 3 Max Mixed-Use SF: 7,562 Zoning: M1-2/R5B Property Taxes: $4,647 The offering is a cleared development shovel ready site with APPROVED Plans located mid-block on 28th St. between 40th Avenue and 39th Avenue in Long Island City, blocks from the N/Q/7 trains at the Queensboro Plaza Subway station and the E/M/R subway lines in immediate vicinity. This is a 2,500 sq ft lot with a mixed use zoning of M1-2/R5B/LIC. However, the zoning is part of LIC Special Use District and this lot can achieve a max FAR 3.0 and a total of 7500sf buildable. This area of Long Island City is very appealing for developers, with dozens of residential, hotel, and commercial development projects. DEVELOPMENT OPTION A Build the home of your dreams with the possibility to include a rental unit that provides income and covers your mortgage. DEVELOPMENT OPTION B Build a 5 story, income producing, mixed use property with 7 residential units and ground floor retail space. Please call or email for approved plans or questions This tree-lined block is just a few minutes from the N/Q and 7 trains, which provide transportation to Midtown Manhattan in five minutes. The immediate neighborhood is flush with hip new restaurants like Dutch Kills Central and M. Wells Steakhouse, plus a burgeoning art gallery scene.
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