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The Anable Basin Assemblage 2 Industrial Properties in Long Island City, NY
Investment Highlights
- Irreplaceable Waterfront Positioning
- Exceptional Site Scale & Visibility
- Market in Structural Imbalance
- As-of-Right — No Rezoning Risk
- $1.97B Public Sector Catalyst Already Committed
- Explosive LIC Population & Growth
Executive Summary
Avison Young, as exclusive agent, is pleased to present the opportunity to acquire 45-10 & 45-24 Vernon Boulevard (the “Site”), a premier waterfront development assemblage positioned at the intersection of Anable Basin and Vernon Boulevard in Long Island City, Queens, the epicenter of New York City’s most consequential neighborhood rezoning in over two decades.
The Site comprises two contiguous tax lots totaling 51,720 square feet of land with exceptional tri-frontage exposure: 190 feet of direct Anable Basin waterfront, 285 feet along Vernon Boulevard, and 75 feet along 45th Avenue. Under the newly enacted OneLIC M1-6A/R9 (MIH) the Site allows for 466,515 ZSF of as-of-right development density. Under OneLIC rezoning MIH option one is required, which would result in approximately 116,629 ZFA of MIH.
The Site comprises two contiguous tax lots totaling 51,720 square feet of land with exceptional tri-frontage exposure: 190 feet of direct Anable Basin waterfront, 285 feet along Vernon Boulevard, and 75 feet along 45th Avenue. Under the newly enacted OneLIC M1-6A/R9 (MIH) the Site allows for 466,515 ZSF of as-of-right development density. Under OneLIC rezoning MIH option one is required, which would result in approximately 116,629 ZFA of MIH.
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Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 13,908 SF |
| Number of Properties | 2 | Total Land Area | 1.22 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 13,908 SF |
| Total Land Area | 1.22 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 45-24 Vernon Blvd, Long Island City, NY 11101 | Industrial | 10,960 SF | 1964 | - |
| 45-10-45-20 Vernon Blvd, Long Island City, NY 11101 | Industrial | 2,948 SF | 1950 | - |
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