3820 32nd St - Fully Approved Site - 41K BSF | 100% Market 0.16 Acres of Commercial Land Offered at $22,575,093 CAD in Long Island City, NY 11101

Landair Advisors (“Landair”) has been hired as exclusive agent to arrange the sale of 38-20 32nd Street (“The Property”). This presents a rare opportunity to acquire a fully approved, shovel-ready development site in the rapidly evolving Dutch Kills section of Long Island City. The property consists of a 6,840 square foot lot with 76 feet of frontage along 32nd Street and is zoned M1-3/R7X, allowing for a total residential buildable area of 41,027 square feet, inclusive of purchased air rights. Approved plans call for a 55-unit, 100% market-rate residential building spanning approximately 56,616 gross square feet, with a well-balanced unit mix of studios, one-bedroom, and two-bedroom apartments. The project also includes 16 on-site parking spaces at grade, a highly desirable amenity in this submarket. With full approvals in place, the site offers developers the ability to immediately commence construction without the timing and risk associated with the entitlement process. Positioned in one of Queens’ most active residential corridors, the property benefits from strong underlying fundamentals, continued neighborhood investment, and proximity to major transportation hubs, making it an ideal opportunity to deliver a high-quality residential asset in a supply-constrained market.