JLL has been retained on an exclusive basis to arrange for the sale of 41-21 & 41-23 29th Street, a 33,360 BSF development site in the heart of Queens Plaza, Long Island City. Additionally, the property is located in a Qualified Opportunity Zone. Location: LIC rental fundamentals have never been stronger, with stabilized buildings experiencing gross rents in excess of $70 PSF. New development projects are achieving condominium sellouts between $1,100 - $1,200 PSF. Development Scale: Two adjacent sites currently improved with two three-story buildings allows for approximately 33,360 BSF of available air rights on a property spanning approximately 2,800 SF in Long Island City, Queens. Prime Opportunity Zone: Located within one of the country’s most advantageously located Opportunity Zones which provides significant tax incentives.