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39-17 24th St 6,850 SF Industrial Building Long Island City, NY 11101 $3,765,412 CAD ($549.70 CAD/SF)

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Investment Highlights

M1-2/R5B/LIC zoning allows for residential, industrial or commercial uses.
Property being sold with approved plans in hand, and currently has electric, water and sewer services connected

Subway Location – 7, F, N, W – 5 minute walk

Executive Summary

Prime mixed use development site located in the Dutch Kills neighborhood of Long Island City. A perfect project for a live-work end user, or any developer looking to capitalize on the LIC development boom.

KB_39-17 24th Street_Long Island City NY 11101

Property Facts

Price	$3,765,412 CAD	Rentable Building Area	6,850 SF
Price Per SF	$549.70 CAD	No. Stories	3
Sale Type	Investment or Owner User	Year Built	1930
Sale Condition	Redevelopment Project	Tenancy	Single
Property Type	Industrial	Parking Ratio	0.27/1,000 SF
Property Subtype	Warehouse Flex Showroom General Retail Storefront Retail/Office Showroom	Clear Ceiling Height	16’
Building Class	C	No. Drive In / Grade-Level Doors	1
Lot Size	0.06 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	M1-2/R5B - M1-2/R5B district is a Mixed-Use District (often in Special Mixed-Use Districts or MX) combining light manufacturing (M1-2) with moderate-density residential (R5B). It allows for residential, commercial, and industrial uses in the same building or area.

Price	$3,765,412 CAD
Price Per SF	$549.70 CAD
Sale Type	Investment or Owner User
Sale Condition	Redevelopment Project
Property Type	Industrial
Property Subtype	Warehouse Flex Showroom General Retail Storefront Retail/Office Showroom
Building Class	C
Lot Size	0.06 AC
Rentable Building Area	6,850 SF
No. Stories	3
Year Built	1930
Tenancy	Single
Parking Ratio	0.27/1,000 SF
Clear Ceiling Height	16’
No. Drive In / Grade-Level Doors	1
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	M1-2/R5B - M1-2/R5B district is a Mixed-Use District (often in Special Mixed-Use Districts or MX) combining light manufacturing (M1-2) with moderate-density residential (R5B). It allows for residential, commercial, and industrial uses in the same building or area.