This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
2516 37th Ave
Long Island City, NY 11101
Land For Sale
·
1.24 AC
INVESTMENT HIGHLIGHTS
- 53,954 SQF mixed-use development
- Qualified Opportunity Zone
- 421-A full benefit tax abatement
PROPERTY FACTS
| Property Type | Land | Proposed Use | Multifamily |
| Property Subtype | Commercial | Total Lot Size | 1.24 AC |
| Zoning | M1-2/R6A | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 1.24 AC |
| Zoning | M1-2/R6A |
DESCRIPTION
25-16 37th Avenue is a 53,954 SQF early construction development in Long Island City, just 20 minutes from Manhattan and blocks to the N, W and F subway stations. Upon completion, the project will consist of thirty-eight (38) residential units as well as 15,371 SF of retail and office space on the first and second floors. In addition, the building will contain a 29-car parking garage, 45 storage units and 10 roof top cabana units. $18MM+ has been spent to date. Site is fully excavated and includes two cellars. Deep foundation work done allowing for parking. Support of excavation, rakers, tie backs, piles, caps, bracing systems, first foundation wall and underpinnings are fully completed. Concrete column, stair and elevator foot-ings completed and concrete column formwork is in place. Partial cellar slab has been formed and rebar is in place.
PROPERTY TAXES
| Parcel Number | 00368-0022 | Improvements Assessment | $3,405,411 |
| Land Assessment | $531,900 | Total Assessment | $3,937,311 |
PROPERTY TAXES
