Highline Residential is excited to announce that we have retained an exclusive basis for the sale of 41-21 29th Street / 41-23 29th Street, a prime development site in Long Island City, Queens.
The property consists of two adjacent tax lots with a footprint of 2,780 square feet and 40 feet of frontage. The site offers a total of 33,360 buildable square feet. It lies within zoning districts M1-6 / R10 with a max FAR of 12.
The property sits in one of the most valuable corridors in Long Island City at the base of Queensboro Bridge. It is conveniently located within walking proximity to eight MTA subway lines (N,W,F,7,E,M,R,G), six of which (N,W,R,M,E,7) are less than 1,000 feet from the property. Midtown Manhattan is only one stop away.
Local neighbors include Jet Blue Airways Corporation, Citibank, MoMA PS1, Silvercup Studios, and CUNY Law School.
Address - 41-21 29th Street / 41-23 29th Street, Long Island City, NY 11101
Block - 418 Lots - 12, 13
Buildable Square Footage for Residential - 33,360 (approximate square footage)
Lot Area - 2,780
Lot Dimensions - 40' x 73' (irregular)
Street Frontage - 40'
Primary Zoning - M-6/R10
Max Allowable FAR - 12
Existing Structures - 7,000 (approximate square footage)
Taxes - $46,533
