Updated 10 years ago
Sold
40-21 27th Street
Long Island City, Queens | 40th Ave & 41st Ave
1,812 Square FeetIncome Property
$1,750,000
floors / apts2 / 2
Lot Size25'x100'
Built Size20'x43'
ZoneM1-2/R
Building TypeHouse
RE Taxes$4,913
Price Per SF
$966
This property was sold for $1,500,000 on 08/31/16.
Property Description for 40-21 27th Street
--PRIME LIC MIXED USE DEVELOPMENT SITE--
Block/Lot: 405-0016
Location: Mid-block on 27th St. in between 40th Ave. and 41st Ave. in Long Island City.
Property Type: Development
Lot Dimensions: 25 x 100
Lot S.F.: 2,500
Current FAR: 2
Potential Max FAR: 3
Total Potential B.S.F.: 7,500
Zoning: M1-2/R5B
Property Taxes: $4,913
The subject property is a development site located mid-block on 27th St. in between 40th Avenue and 41st Avenue in Long Island City, one and half blocks from the N/Q/7 trains at the Queensboro Plaza Subway station and the E/M/R subway lines in immediate vicinity. Currently, there is a 20' x 43' 2-family semi detached house on the lot that can be delivered vacant. This is a 2,500 sq ft lot with an FAR of 2, 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..
Please call or email for further information.
Block/Lot: 405-0016
Location: Mid-block on 27th St. in between 40th Ave. and 41st Ave. in Long Island City.
Property Type: Development
Lot Dimensions: 25 x 100
Lot S.F.: 2,500
Current FAR: 2
Potential Max FAR: 3
Total Potential B.S.F.: 7,500
Zoning: M1-2/R5B
Property Taxes: $4,913
The subject property is a development site located mid-block on 27th St. in between 40th Avenue and 41st Avenue in Long Island City, one and half blocks from the N/Q/7 trains at the Queensboro Plaza Subway station and the E/M/R subway lines in immediate vicinity. Currently, there is a 20' x 43' 2-family semi detached house on the lot that can be delivered vacant. This is a 2,500 sq ft lot with an FAR of 2, 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..
Please call or email for further information.
Building Details for 40-21 27th Street
OwnershipIncome Property
Building TypeHouse
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts2/2
Transit and Citi Bike
Subway
Queensboro Plaza
0.19 miles
Queens Plaza
0.24 miles
39 Av-Dutch Kills
0.25 miles
21 St-Queensbridge
0.31 miles
36 St
0.45 miles
Citi Bike
40 Ave & Crescent St
0.09 miles
28 St & 41 Ave
0.1 miles
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: 61051TH
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