Originally built in 1929 as a perfume and jewelry box manufacturing facility, the Box Factory has been masterfully reimagined as a premier creative commercial destination. The three-story, ~63,000 squarefoot property was redeveloped into retail and office space in 2017 and stands as one of Queens' most distinctive adaptive reuse success stories. Future Development Potential: The building showcases restored industrial character with modern upgrades, including high ceilings (12 ft- 18 ft), oversized windows, updated mechanicals, and ADA accessibility. Situated on the border of Ridgewood and Bushwick, Box Factory benefits from exceptional connectivity with the Halsey Street L train two blocks East, as well as "J" and "M" trains nearby. Ridgewood is one of the City's largest rental growth markets in recent years, and there is very little large-scale development ongoing. This bodes well for future rezoning opportunities and capturing the upside of this high-growth submarket. With train and bus access and very little nearby development, the site is a prime candidate for ULURP. Comparable rezonings to a 5.01 FAR would result in a substantial increase in property value. A conservative market price per buildable square foot ($180) would equate to ~$27 million if awarded a 5.01 FAR.