3820 32nd St - Commercial LAND FOR SALE


Long Island City, NY 11101- LIC6,839 SF
$16,400,000 USD
212-920-7658
3820 32nd St, Long Island City, NY for Sale
$16,400,000 USD
Commercial LAND - FOR SALE
1/2
6,839 SF

3820 32nd St
Long Island City, NY 11101
LIC


HIGHLIGHTS

  • Prime development site measuring 6,840 sq. ft. Zoned M1-3/R7X, LIC.
  • All Plans are 100% Approved and Property is Shovel Ready.
  • Total ZFA of 41,027. 55 Units. 100% Market Rate.
  • Includes Purchased Market Rate Air Rights from Neighbor.
  • Approved Plans Comprised of (8) Studios, (35) 1BRs, (12) 2BRs.
  • Plans call for 16 Parking Spaces on the Ground Floor.

OVERVIEW

Landair Advisors (“Landair”) has been hired as exclusive agent to arrange the sale of 38-20 32nd Street (“The Property”). This presents a rare opportunity to acquire a fully approved, shovel-ready development site in the rapidly evolving Dutch Kills section of Long Island City. The property consists of a 6,840 square foot lot with 76 feet of frontage along 32nd Street and is zoned M1-3/R7X, allowing for a total residential buildable area of 41,027 square feet, inclusive of purchased air rights. Approved plans call for a 55-unit, 100% market-rate residential building spanning approximately 56,616 gross square feet, with a well-balanced unit mix of studios, one-bedroom, and two-bedroom apartments. The project also includes 16 on-site parking spaces at grade, a highly desirable amenity in this submarket. With full approvals in place, the site offers developers the ability to immediately commence construction without the timing and risk associated with the entitlement process. Positioned in one of Queens’ most active residential corridors, the property benefits from strong underlying fundamentals, continued neighborhood investment, and proximity to major transportation hubs, making it an ideal opportunity to deliver a high-quality residential asset in a supply-constrained market.

FOR SALE DETAILS

PRICE

$16,400,000 USD

PRICE/ACRE

$104,441,968/AC

PRICE/SF

$2,398 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Fully Approved Site - 41K BSF | 100% Market

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Apartment Units, Apartment Units - Condo

LAND ACRES

0.16 AC

LAND SF

6,840 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

M1-3/R7X, LIC

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Alexandre GouletLandair AdvisorsMore Info
212-920-7658

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Alexandre GouletLandair AdvisorsMore Info
212-920-7658

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.