$2,500,000
Updated 9 years ago
Sold

27-20 39th Ave

Long Island City, Queens | 27th Street & 28th Street

Development Site

$2,500,000
floors / apts2 / 1
Lot Size25'x100'8"
Built Size25'x41'
ZoneM1-2/R
Building TypeHouse
RE Taxes$7,404

This property was sold for $2,050,000 on 05/16/17.

Listing Features

  • Gas Heat

Building Amenities

  • Voice Intercom

Property Description for 27-20 39th Ave

--LONG ISLAND CITY MIXED USE DEVELOPMENT OPPORTUNITY--

The subject property is a development site located on the corner of 39th Ave and 28th St. in Long Island City. This is a 25' x 100.83' lot with an FAR of 2.0 as of right, with a mixed use zoning of M1-2/R5D/LIC. Please note the property lies within the LIC Special Use Zoning District and offers developers the opportunity to achieve a max FAR 3.0 and a total of 7,563 buildable square feet of manufacturing, retail, and residential. Currently, there are two houses on the lot that can be delivered vacant.

The larger house is a 25' x 41' 2-story, semi-detached house with an unfinished basement used for storage. The first floor has 10' ceilings and is set up as a large open loft-like space with living room, large kitchen with dining area, and sliding glass doors leading to the yard. The second floor has 9.5' ceilings, 4 bedrooms, 2 walk in closets, and a master bathroom with dual vanities, a Jacuzzi tub, and sky light.

The smaller house roughly 1,000 square feet, is also a 2-stories, semi-detached, and has a finished basement. First floor has a large living room with kitchen and dining area. The second floor has 2 bedrooms and a full bath.

Located only 3 short blocks to the N/W trains at the 39th Ave. stop, or a short 5 minute walk to all 7, G, E, M, N, Q, R and F trains. This area of Long Island City is very appealing for developers, and is becoming very vibrant and active with dozens of residential, hotel, and commercial development projects currently underway.

Block/Lot: 00397-0020
Location: Corner of 39th Ave. and 28th St. in Long Island City
Property Type: Development
Lot Dimensions: 25 x 100.83
Lot S.F.: 2,521
Current FAR: 2
Buildable S.F.: 5,042
Potential Max FAR: 3
Total Potential B.S.F.: 7,563
Zoning: M1-2/R5D
Property Taxes: $7,404

Please call or email for further information.

Building Details for 27-20 39th Ave

OwnershipDevelopment Site
Building TypeHouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1901
Floors/Apts2/1
Learn More About the Building

Transit and Citi Bike

Subway

39 Av-Dutch Kills
0.19 miles
Queensboro Plaza
0.33 miles
Queens Plaza
0.36 miles
21 St-Queensbridge
0.36 miles
36 Av
0.38 miles

Citi Bike

40 Ave & Crescent St
0.11 miles
38 Ave & 29 St
0.12 miles

Contact Agent

Contact Agent

Christopher Austad
Douglas Elliman

Long Island City | Queens

Quick Profile

Long Island City, the name does sound a little far away, like it requires a lengthy drive to get to. Think, again. Long Island City, also known as LIC, is nestled in the western corner of Queens along the East River. Midtown Manhattan is closer to Long Island City than it is to downtown Manhattan.

 LIC is bordered by Sunnyside to the east, the East River to the west, Astoria to the north, and Newton Creek which separates Queens from Greenpoint Brooklyn to the south. 

 A once-shabby manufacturing epicenter, the neighborhood is a mix of industrial, commercial and residential. In recent years it’s seen a rise in some seriously cool factors. Populated by young professionals, multi-ethnic immigrants, and hipsters, LIC has a happening nightlife scene, fantastic restaurants (some of them Michelin starred), art museums and galleries. Much of the waterfront access has been redeveloped into sustainable public green spaces with modern design.  

 Although much of the industrial / manufacturing companies have since left LIC, many still reside there. They tend to co-exist with new residential building development the same way they do in other neighborhoods like Williamsburg and Greenpoint.

 Office building developers and business tenants play a vital role in LIC too. It’s considered New York City’s fourth central business district next to Midtown, downtown Manhattan and downtown Brooklyn.

 As you traverse the streets of LIC, you’ll notice the change from block to block. Industrial warehouses on one block, a bustling Main Street, followed by a park block with sleek luxury high-rise buildings. It’s all part of the LIC vibe.

 For a small neighborhood, the transportation links are excellent. For starters, you just can’t beat living one subway stop from Manhattan (7 train). Other train lines include E, M, R, N, Q, and the G lines. There are also less conventional methods of transportation like the NYC Ferry, which offers three ferry landings. There is no shortage of CitiBike’s in LIC either. Many folks commute to work by way of cycling over the Queensboro Bridge.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 26423TH