The 45,000 sf property is a two-story flex-industrial building located at 21-21 44th Drive in Long Island City, NY. The building was built in 1946 and renovated in 1996.
The area surrounding the subject is currently zoned for both manufacturing and residential development. Properties in the neighborhood have been selling for their potential as residential sites. The subject site is located close the subway and it is just one stop to midtown Manhattan from Long Island City. The current zoning will allow residential development to a 4.0 FAR. With a subject site size of 21,744 sf, the potential residential development area is 86,976 sf