LIC Queens Development Spanning 196K SF Up for Grabs
An approximate 74,500-square-foot development in Long Island City, Queens at 24-02 Queens Plaza South has come to market. The commercial property stands 3-stories tall. Newmark Knight Frank is marketing the property, pricing is expected to hover in the 50 million to 55 million range.
NEW YORK CITY- An approximate 74,500-square-foot development in Long Island City, Queens at 24-02 Queens Plaza South has come to market. The commercial property stands 3-stories tall. Newmark Knight Frank is marketing the property, pricing is expected to hover in the 50 million to 55 million range.
With an estimated 100 feet of frontage along both Queens Plaza South and 42nd Road and a 240-foot block front along 24th Street, the development site supports a full 196,000-square-foot development opportunity that features flexible zoning for potentially any use to include, residential, commercial or community facility.
“Long Island City continues to be a major source of growth for the metropolitan area,” said Newmark Vice Chairman Brian Ezratty in a prepared statement. “This is a great opportunity and site for any forward-thinking developer looking to break into the neighborhood or add to their existing portfolio with a potential 200k square-foot development site that comes with flexible zoning and great access to transit.”