LIC DEVELOPMENT PROPERTY: 47-11 11TH STREET / 48,000SF ($18,000,000)
A true development gem in the heart of Long Island City.
Ideal for the novice as well as expert developer, this is the perfect sized project which offers all the right attributes:
- Triple exposure (2 corners) with 200′ frontage on 11th Street (west) and running 60′ on both 47th Ave (north) & 47th Rd (south)
- M1-4 / R7A Zoning
- 12,000 SF lot with 4 FAR allows 48,000 SF buildable & possibility of adding an additional 6,000 SF from adjacent buildings’ air rights and having 360 degree exposure
- Lot can be subdivided allowing the development of two buildings (with either condo, rental or hotel as options)
The site is in immediate proximity to 7 G E M subway lines, shopping& restaurants, 3 blocks to waterfront @Gantry Plaza State Park, – and next to PS1, Citi building, Pulaski & QueensBoro bridge.
Interested parties please contact AdrianL@nestseekers.com or 718-664-7440.