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Court Square Development Site for Sale

44-46 Purves Street, Long Island City
Description

The subject consists of a 4,566 square foot (approximate) lot improved with a 9,132 square foot (approximate) industrial building. The property has 101 feet of frontage on Purves Street as well as 101 feet of frontage on Thomson Avenue. Site location is in the heart of Long Island City, nestled between Court Square and Queens Plaza, just steps from the Citi building. The subject is surrounded by recently completed and new developments in progress, such as the Arris Lofts (directly across the street), Linc LIC, The Industry and Rockrose’s expansion of the newly acquired 43-22 Queens Street. The site is part of the Queens Plaza Special Zoning District which gives the lot a zoning designation of M1-5/R9 with an FAR of 8.0, which allows for a total of 36,528 buildable square feet. Its close proximity to 7 subway lines (E,G,M,N,Q,R,7) and nearby access to both the Queensboro Bridge and Midtown Tunnel provide a number of transportation options. This site poses an excellent opportunity for a commercial, residential, or mixed-use development in the prime Hunter’s Point sub-district of Long Island City.

Listing Highlights
Price:$4,137,500
Type:Development / Land / Conversion
Pets:No Pets
Status:Closed
ID:65858
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