39-20 29th Street, Long Island City, NY 11101

Property Description

An exceptional opportunity to acquire a versatile property in the rapidly developing Dutch Kills neighborhood of Long Island City. Ideal for developers seeking a potential redevelopment opportunity, investors pursuing long-term appreciation, or end users looking to own a property with significant future potential. PROPERTY HIGHLIGHTS • Lot Size: 25' × 100.92' — approximately 2,505 square feet • RE Tax: $7,056.57 • Zoning: M1-2/R5D, within the Special Long Island City Mixed Use District • Existing Building: Approximately 2,000 square feet • Potential Development: Preliminary estimate of approximately 7,500+ buildable square feet, subject to zoning analysis, architectural review, and applicable approvals • Delivery: To be delivered vacant at closing • Condition: Excellent and with new roof • Utilities: Separate heating and cooling systems serving the property's areas EXISTING PROPERTY & FLEXIBLE USE The property currently features a one-family residential layout with three bedrooms, along with two professional office spaces. Additional features include a fully finished basement and the backyard, offering further flexibility for the next owner. Whether you choose to utilize the existing building, explore its potential for redevelopment, or hold the property as a long-term investment, this offering presents multiple possibilities. PRIME LONG ISLAND CITY LOCATION Situated in the desirable and rapidly evolving Dutch Kills neighborhood, the property offers convenient access to Manhattan, Queens Plaza, major roadways, and public transportation. The nearby 39th Avenue N/W subway station provides convenient connectivity to Manhattan and other parts of New York City. A RARE OPPORTUNITY FOR THE RIGHT BUYER Secure a property in one of Queens' dynamic growth areas, with existing building utility and potential future development upside