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39-49 29th St, Long Island 2,931 SF 100% Leased Industrial Building Long Island City, NY 11101 $2,150,000 ($733.54/SF)



Investment Highlights
- The property occupies a corner location within the Dutch Kills Special District of Long Island City.
- The site contains approximately 3,200 square feet of land area.
- The property is positioned near major transportation routes and connectivity to Midtown Manhattan.
- M1-2/R5D zoning supports a variety of redevelopment opportunities subject to applicable approvals.
- The corner configuration provides visibility, access, and flexibility for future development planning.
Executive Summary
Offered for sale at $2,150,000, 39-49 29th Street presents a corner redevelopment opportunity in the Dutch Kills Special District of Long Island City. Situated within one of Queens' most active mixed-use growth corridors, the property offers investors, developers, and owner-users the ability to capitalize on the area's continued residential, commercial, and infrastructure investment.
The site encompasses approximately 3,200 square feet and is zoned M1-2/R5D, allowing for a range of redevelopment possibilities subject to applicable zoning regulations and approvals. The special zoning regulations allows for a 6,400 sq. ft. of residential development plus an additional 3,200 square feet of ground-floor commercial space. Its corner positioning enhances visibility, access, and design flexibility, making it well suited for future mixed-use development or an end-user seeking a strategic Long Island City location.
Located within Dutch Kills, the property benefits from proximity to Midtown Manhattan, multiple subway lines, major transportation corridors, and the diverse business and residential base that has fueled Long Island City's ongoing transformation. The combination of zoning, corner exposure, and location within a designated special district creates a compelling opportunity for purchasers seeking a redevelopment project in a supply-constrained urban market.
Whether pursued as a development site or a long-term strategic land holding, 39-49 29th Street offers the opportunity to acquire a corner parcel in one of New York City's most dynamic neighborhoods.
The site encompasses approximately 3,200 square feet and is zoned M1-2/R5D, allowing for a range of redevelopment possibilities subject to applicable zoning regulations and approvals. The special zoning regulations allows for a 6,400 sq. ft. of residential development plus an additional 3,200 square feet of ground-floor commercial space. Its corner positioning enhances visibility, access, and design flexibility, making it well suited for future mixed-use development or an end-user seeking a strategic Long Island City location.
Located within Dutch Kills, the property benefits from proximity to Midtown Manhattan, multiple subway lines, major transportation corridors, and the diverse business and residential base that has fueled Long Island City's ongoing transformation. The combination of zoning, corner exposure, and location within a designated special district creates a compelling opportunity for purchasers seeking a redevelopment project in a supply-constrained urban market.
Whether pursued as a development site or a long-term strategic land holding, 39-49 29th Street offers the opportunity to acquire a corner parcel in one of New York City's most dynamic neighborhoods.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
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Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 00399-0001 | Total Assessment | $270,900 (2026) |
| Land Assessment | $86,400 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $184,500 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
00399-0001
Land Assessment
$86,400 (2026)
Improvements Assessment
$184,500 (2026)
Total Assessment
$270,900 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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