4121 29th St
Long Island City, NY 11101
41-21 & 41-23 29th Street · Land For Sale
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0.06 AC
Property Facts
| Property Type | Land | Total Lot Size | 0.06 AC |
| Property Subtype | Residential | No. Stories | 3 |
| Proposed Use | Hold For Development | ||
| Zoning | M1-6 / R10 | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Hold For Development |
| Total Lot Size | 0.06 AC |
| No. Stories | 3 |
| Zoning | M1-6 / R10 |
Description
JLL has been retained on an exclusive basis to arrange for the sale of 41-21 & 41-23 29th Street, a 33,360 BSF development site in the heart of Queens Plaza, Long Island City. Additionally, the property is located in a Qualified Opportunity Zone. Location: LIC rental fundamentals have never been stronger, with stabilized buildings experiencing gross rents in excess of $70 PSF. New development projects are achieving condominium sellouts between $1,100 - $1,200 PSF. Development Scale: Two adjacent sites currently improved with two three-story buildings allows for approximately 33,360 BSF of available air rights on a property spanning approximately 2,800 SF in Long Island City, Queens. Prime Opportunity Zone: Located within one of the country’s most advantageously located Opportunity Zones which provides significant tax incentives.
Property Taxes
| Parcel Numbers | Improvements Assessment | $295,326 | |
| Land Assessment | $227,652 | Total Assessment | $522,978 |
Property Taxes
