The property is located at 40-36 24th street, Long Island City, NY, 11101 (the “Property”). The existing improvement is a pre-war property built in 1910 and it is located at 24th Street between 40th Avenue and 41st Avenue. The Property is a 5,536-square-foot mix-use building, including 2,632 SF of residential area and 2,904 SF of art storage. This property is sitting on a 75 ft x 100 ft lot in the heart of LIC, located only steps away to major subway lines including, 7, N, Q, E, M & R trains.
Most of these nearby train stations are only 1 stop away from Manhattan.The zoning code is M1-2/R5B/LIC. The maximum buildable area is about 22,500 square feet. The plan is to demolish the existing property and develop it into a mixed-use property consisting of residential, commercial space, and parking garage.