Another Development Site in Dutch Kills Area of LIC Hits the Market for Nearly $20 million

May 3, 2018
Published in Queens Courier

Modern Spaces Commercial + Investment Division is offering a new Long Island City condo for sale for $19.5 million (or for long-term lease at $875,000) in the Dutch Kills neighborhood, just two blocks north of Queens Plaza and nearby subway stations, and just south of Astoria. The 14,167-square-foot lot, which is part of the Brownfield Cleanup Program, offers more than 230 feet of corner frontage along 40th Avenue and 30th Street, plus 70,835 buildable square feet for residential or mixed-use development. According to Evan Daniel, the executive vice president of Modern Spaces: “A long-term ground lease offers a future developer an opportunity to join the robust development landscape of Long Island City without competing with increasing and record-breaking land prices.”

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