Modern Spaces is pleased to announce that we have been exclusively retained to handle the disposition of 31-05 21st Street, Long Island City, NY 11106. The property is a 3,370 square foot lot currently occupied by a 2,685 square foot single story commercial building with two roll-up doors. There is currently one month to month tenant occupying the building that pays $4,900 per month. A favorable zoning of C2-3/R7A allows for an as-of-right 13,480 buildable square feet for mixed-use development. The property’s location on 21st Street places it in the center of a hotbed of new development and a growing community. In addition to the immediate access to both the Queensboro Bridge and the Grand Central Parkway/RFK Bridge, the property is also located only a short walk from the N and Q subway lines.
For more information about the property, please view the 31-05 21st Street Setup (PDF).
An offering memorandum for this property is also available upon request.
|Real Estate Tax:||$13,331|
|Type:||Development / Land / Conversion|