NEW YORK CITY—Three parcels of vacant land—totalingapproximately 15 acres in the Maspeth area of Queens—have come ontothe market. Alan Cohen and BenWaller of ABS Partners are marketing theproperties, which when combined and with considerable air rights,could allow for a variety of commercial uses and development of upto 1.3 million square feet of space and are valued at about $100per square foot.

“The opportunity for a buyer to control such a large piece ofreal estate so close to Manhattan does not come around very often,”says Cohen. “These sites are ideal for any type of distribution orlogistics center that benefits from the scale and proximity toManhattan. With a diminishing supply of warehouse space in Queensand Brooklyn, a buyer could utilize the million plus square feet ofair rights to create a thriving manufacturing center.”

The three parcels can be purchased individually or together. Allthree sites are zoned M3-1, which permits a variety of uses. Parcelone, at 56^th drive, features 517,360 square feet of landwith just over one million buildable square feet. Parcel two,located at 42-02 56th Rd. boasts 96,733 square feet of land with193,466 buildable square feet and parcel three, which sits at 44-0257th Ave., provides 65,228 square feet of land with 130,456buildable square feet.