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4141 24th St
0.06 Acres of Commercial Land Offered at $7,502,000 in Long Island City, NY 11101
Investment Highlights
- 25,009 gross buildable square feet
- Located in Long Island City, NY
- Approved Plans for a 13-story mid-rise Elevator Building
Executive Summary
Property Facts
| Price | $7,502,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| Sale Conditions | Redevelopment Project | Total Lot Size | 0.06 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land |
| Price | $7,502,000 |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.06 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $7,502,000 | Lot Size | 0.06 AC |
| Price Per AC | $130,715,082 |
| Price | $7,502,000 |
| Price Per AC | $130,715,082 |
| Lot Size | 0.06 AC |
Shovel-ready development site for sale at 41-41 24th Street, Long Island City, offering a prime investment opportunity in one of NYC's fastest-growing neighborhoods. This 2,500 sq ft lot comes with 25,009 gross buildable sq ft with approved plans.
Description
Shovel-ready development site for sale at 41-41 24th Street, Long Island City, offering a prime investment opportunity in one of NYC's fastest-growing neighborhoods. This 2,500 square foot lot comes with 25,009 gross buildable square feet and approved plans for a 13-story mid-rise elevator building. The plans include 24 one-bedroom units, each measuring 623 square feet, with two units per floor. The building will feature a ground-floor gym, a welcoming lobby, a basement for controls and mechanics, and a private rooftop lounge for residents. With a Floor Area Ratio (FAR) of 7.90 and M1-5/R9 zoning, this site allows for high-density residential development alongside light manufacturing or commercial uses. This makes it ideal for mixed-use projects that combine modern living spaces with office or retail components, catering to the area's evolving residential and business demands. Located in Long Island City, the property benefits from excellent transit access, with subway lines, shops, and cultural venues nearby. This development is poised to attract young professionals and businesses looking to capitalize on the vibrant, mixed-use environment that defines this thriving urban hub. A unique opportunity for developers seeking to contribute to the growth of Long Island City.
zoning
| Zoning Code | M1-5, R9 |
| M1-5, R9 |
Presented by
4141 24th St
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