Updated 2 years ago
Off Market
41-21/23 29th Street
Long Island City, Queens | 41st Ave & Queens Plaza North
30 Rooms16 Beds12 Baths7,000 Square FeetIncome Property
$7,450,000 $7,900,000
floors / apts3 / 8
Lot Size40'x141'6"
Built Size40'x60'
ZoneM1-6
Building TypeTownhouse
RE Taxes$62,165
Price Per SF
$1,064
Building Amenities
- Voice Intercom
Property Description for 41-21/23 29th Street
41-21 29th Street & 41-23 29th Street, Long Island City, NY 11101
Two contiguous buildings each with 4 free market apartments, all 2 bedroom/1 bathrooms and retail on the ground floor. There is currently one vacant apartment, the remaining 7 are month to month and the retail spaces are both vacant. The buildings have a combined 40 feet of frontage and 7,000 SF of rentable space.
Developers can seize the opportunity for the as of right, 10X FAR allowing a maximum of 27,800 SF. The owners had a zoning analysis completed in January of 2024 that we are happy to share with buyers.
The location is located in a prime LIC location being one train stop from the city and walking different to 5 different train lines. Tons of food, shopping and night life have been calling the area home and continues to add more.
Two contiguous buildings each with 4 free market apartments, all 2 bedroom/1 bathrooms and retail on the ground floor. There is currently one vacant apartment, the remaining 7 are month to month and the retail spaces are both vacant. The buildings have a combined 40 feet of frontage and 7,000 SF of rentable space.
Developers can seize the opportunity for the as of right, 10X FAR allowing a maximum of 27,800 SF. The owners had a zoning analysis completed in January of 2024 that we are happy to share with buyers.
The location is located in a prime LIC location being one train stop from the city and walking different to 5 different train lines. Tons of food, shopping and night life have been calling the area home and continues to add more.
Listing History for 41-21/23 29th Street
Now
06/15/2024
$7,450,000 [-$450,000] [5.7%]
Price Drop by Justin Vance
Nest Seekers International
2024
Building Details for 41-21/23 29th Street
OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1935
Floors/Apts3/8
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: 92753TH
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