*Price upon request.
Your Space New York has been retained on an exclusive basis to arrange for the sale of 11-11 44th Road Long Island City, Hunters Point, Queens.
This exceptional investment opportunity. Existing with a build in the rapidly developing Hunters Point area of Long Island City. The property consists of 12 highly in demand loft units each a with private bathroom, and 2 retail units on the ground floor, and is 100% leased. There is an indoor garage with 10 parking spaces. The property is in the process of being rezoned, and it is positioned for significant growth. The building features high ceilings and expansive floor-to-ceiling windows. These lofts are highly desirable, with the building boasting an exceptionally low vacancy rate, low taxes, with a tax abatement. The building is also ideal for owner-user. This property represents a compelling investment opportunity. * The building was built from the ground up for expansion of commercial or residential.
OneLIC rezoning process to be finalized later in 2025 with a proposed M1-4A with 5.0 F.A.R across all uses. JLWQA (Joint Live Work Quarters for Artists) may be obtainable under M1-4A zoning. M1-4A is proposed to add an additional 22,300 SF of Air Rights. Total building size would be 37,500 SF
Contact Exclusive Broker
Your Space New York
Craig Stulberger, for building setup