RIPCO INVESTMENT SALES has been retained on an exclusive basis to arrange for the sale of 37-20 CRESCENT STREET — a mid-block mixed-use development site in the Dutch Kills area of Long Island City, Queens.
37-20 Crescent Street features a ~13,647 SF parking lot situated on the west side of Crescent Street between 38th Avenue and 37th Avenue. The property is zoned M1-2/R5D which allows ~27,300 buildable SF as-of-right for residential development or ~41,000 buildable SF for mixed-use development. To benefit from the additional FAR, the proposed project must conform to the Dutch Kills Subdistrict use group requirements:
• Photographic or motion picture production studios and radio or television studios listed in Use Group 10A
• Uses listed in Use Groups 16A, 16D, 17A and 17B as set forth in Section 123-22 (Modification of Use Groups 16, 17 and 18), except for automobile, motorcycle, trailer or boat sales,
motorcycle or motor scooter rental establishments, poultry or rabbit killing establishments, riding academies, stables for horses and trade schools for adults
• Use Groups 3A, 6A, 6B, 6D, 6F, 7B, 7C, 7D, 7E, 8, 9B, 9C, 10A, 10B, 10C, 11, 12A, 12C, 12D, 12E, 13, 14 and 16 shall be modified to permit food stores, including supermarkets, grocery stores or delicatessen stores, without limitation as to floor area per establishment
37-20 Crescent Street will be delivered vacant upon a sale, property inspections are by appointment only. Please contact Exclusive Agents for more information.
