37-07 & 37-25 21st Street
Development Site Advisors® has been exclusively retained by ownership to sell 37-07, 37-12 & 37-25 21st Street in Long Island City, Queens NY. The subject property is an approximately 275.73’ x 130.12’, 29,817 square foot lot, located in an M1-3 Zoning District with a FAR of 5.0, allowing for the development of ±149,085 Square Feet.
The property is currently improved by a G2 class building with 15,700 gross square footage. The site is located on a wide street, 21st Street, between 37th and 38th Avenues with ±275.73 feet frontage and is just a short distance to the Queensboro Bridge Station and the N/W subway lines at 36th Avenue.
The site is also located in a Qualified Opportunity Zone, offering developers and investors tax benefits and gains deferral options.
| Location Description | Easterly of 21st Street between 37th and 38th Avenue |
| Borough/Block/Lot | Queens / 364 / 6,12,135 |
| Neighborhood | Long Island City |
| Lot Size | 29,817 SF |
| Existing SF | 15,700 SF |
| Building Class | G2 |
| R.E. Taxes | $133,938.00 |
M1-3
5.00
|149,085
5.00
|149,085
6.50
|193,811