Note: the above is based on a down payment of 20% ($2,060,000),
which is the minimum amount permitted by the building.
Description
Compass is excited to announce that we have been retained on an exclusive basis to arrange for the sale of 29-17 38 Ave. Long Island City. The unique offering encompasses two street corners, has a total lot size of 159' x 73', and lot area of 10,800 square feet.
With a current zoning designation of M1-2/R6A and residential FAR of 3, a developer has an as-of-right buildable square footage of 32,400 for mixed-use development. Additionally, this property sits within an OPPORTUNITY ZONE.
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