STRATEGICALLY LOCATED 13,514 SF LOT ZONED R5 / C1-2 PRIMED FOR DEVELOPMENT 41-23 Murray Street presents a rare opportunity to acquire an underbuilt two-story industrial building on a 13,514 SF lot in Murray Hill, Queens — steps from the Murray Hill LIRR station, providing direct service into Manhattan and positioning the site within one of Queens’ most transit-accessible residential submarkets. FLEXIBLE CANVAS FOR CREATIVE MIXED-USE PROGRAMMING Located in Murray Hill, Queens, a dense, amenity-rich neighborhood with a large and growing population, this site offers a developer three distinct paths to value creation through a development program anchored by 27,028 SF of community facility space, a UAP-enhanced mixed-income rental component or for-sale condominium project. UNENCUMBERED OPPORTUNITY The property will be delivered fully vacant at closing, allowing the incoming developer the ability to commence demolition and construction immediately upon receipt of permits, with no tenant relocation costs, lease buyouts, or occupancy disputes to navigate. TR ANSIT-CONNECTED, CULTURALLY ANCHORED QUEENS RESIDENTIAL MARKET Murray Hill benefits from proximity to Flushing, a major cultural and commercial hub, reinforcing consistent residential demand driven by transit connectivity, density, and a deep local community base. Located just a 4-minute walk from the LIRR Murray Hill Station, commuters can find themselves in Grand Central Station in 32 minutes. Additionally, the property sits directly across the street from P.S. 022 Thomas Jefferson, further enhancing its appeal to families seeking convenient access to local education.