26-27 Jackson Avenue comes to market at $7,888,888

26-27 Jackson Avenue, one of two buildings along that stretch that does not belong to Rockrose, has come to market at a princely sum of $7,888,888. Signage went up recently for the building, which is being handled by Pepe Real Estate.

According to the listing, the building has 4,000 square feet of commercial space spread throughout two stories, and then another 1,900 square foot basement space. It is zoned to be built up to 24,000 square feet with a maximum of 35 residential units.

Here’s a description of the property from the posting:1

The subject property features a Two (2) Story All Brick 4,000 sf, + 1900 sf basement Corner Commercial/Retail Building on a 2,000 square foot lot situated at the north west corner of Jackson Ave & 43rd Avenue The property is zoned M1-6/R10, LIC ( Long Island City Special District) and allows for the ability to develop up to 24,000 buildable square feet with over 20′ of frontage on Jackson Avenue providing exposure from the street.

26-27 Jackson Avenue

A view of 26-27 Jackson Avenue

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