New York, NY 11354

Property

Ownership: For Sale
Type: Unknown
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$28,888,000
Annual Taxes:$33,304.46
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Daniel Gale Sothebys Intl Rlty

Shovel ready oversized corner development site offering a rare opportunity in Flushing, one of Queens fastest growing residential corridors.

Description

Shovel-ready oversized corner development site offering a rare opportunity in Flushing, one of Queens’ fastest-growing residential corridors. The offering consists of four combined lots totaling approximately 24,312.5 sq. ft., creating a substantial development footprint in a highly supply-constrained market where large land assemblages are increasingly rare. The property is approved for an eight-story residential development, allowing a developer to move forward immediately while minimizing entitlement risk and significantly accelerating the development timeline. The site is surrounded by vibrant commercial activity, strong housing demand, and continued population growth, making it an ideal location for new residential development. Zoned R6 and located within a Qualified Opportunity Zone, offering potential tax advantages for investors. OM and approved plans available upon request. (Four combined lots at 32-19 Linden Pl, 32-21 Linden Pl, 32-25 Linden Pl, 32-35 Linden Pl).

Amenities

  • City
  • Cleared
  • Corner Lot
  • Level
  • Near Public Transit
  • Near School
  • Near Shops
  • Neighborhood

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.