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41-41 24th Street, Long Island City, NY 11101

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For Sale

$6,875,000

0.06 acres

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • 0.1 acres
    Lot size

  • Over 50 Years Old
    Age

Explore this Property

Shovel-ready development site for sale at 41-41 24th Street, Long Island City, offering a prime investment opportunity in one of NYC's fastest-growing neighborhoods. This 2,500 square foot lot comes with 25,009 gross buildable square feet and approved plans for a 13-story mid-rise elevator building. The plans include 24 one-bedroom units, each measuring 623 square feet, with two units per floor. The building will feature a ground-floor gym, a welcoming lobby, a basement for controls and mechanics, and a private rooftop lounge for residents. With a Floor Area Ratio (FAR) of 7.90 and M1-5/R9 zoning, this site allows for high-density residential development alongside light manufacturing or commercial uses. This makes it ideal for mixed-use projects that combine modern living spaces with office or retail components, catering to the area's evolving residential and business demands. Located in Long Island City, the property benefits from excellent transit access, with subway lines, shops, and cultural venues nearby. This development is poised to attract young professionals and businesses looking to capitalize on the vibrant, mixed-use environment that defines this thriving urban hub. A unique opportunity for developers seeking to contribute to the growth of Long Island City.
MLS# L3585759

Courtesy Of NY SPACE FINDERS INC

(516) 801-6181

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Lot Size
    0.06 Acres
  • View Type
    Bridge, City, Panorama, Park

Map and Directions

Directions to 41-41 24th Street, Long Island City, NY 11101

Home seller CENTURY 21 Scope Realty

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(888) 919-2508
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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