26-27 Jackson Avenue

Long Island City, Long Island City, NY 11101

$7,888,888

Commercial for Sale - #1824 - Active

LICity Development Site 24,000 sfb

Newly priced Development Site
Currently Century Rubber Supply Co for over 70 years this is the first time this property has been for sale in almost 100 years :
PROPERTY DESCRIPTION FOR SALE - $7,888,888.88
Pepe Real Estate has been retained on an exclusive basis for the
sale of 26-27 Jackson Ave, Long Island City Queens NY 11101 a
prime corner development opportunity in LI CITY.
The subject property features a Two (2) Story All Brick 4,000 sf, + 1900 sf basement
Corner Commercial/Retail Building on a 2,000 square foot lot situated
at the north west corner of Jackson Ave & 43rd Avenue The property
is zoned M1-6/R10, LIC ( Long Island City Special District)
and allows for the ability to develop up to 24,000 buildable square
feet with over 20' of frontage on Jackson Avenue providing exposure
from the street.
Jackson Avenue is the is one of the most highly-trafficked
thoroughfare in Queens and this specific Avenue is frequented by
over 15,000 vehicles per day.
The subject property is located one block west of the Queensboro
Bridge and is less than a 5 minute walk to One Court Square
(Citi Group Building) and 3 minute walk to the 7 Trains/ Subway to
Manhattan
26-27 Jackson Ave, LI City, Queens 11101 FOR SALE - $7,888,888.88
(Corner of 43rd )
Block:0433 Lot 0001
Corner Property
Current Real Estate Taxes $18,600 per year
Lot Dimensions : 20x100 (see recent survey attached)
Existing Property is a 2 Story (all Brick) Stone foundation)
Existing building Dimensions : 20x100 (2000 sf) per floor 4,000 sf
Existing building Basement dimensions : (apprx) 20x100
Zoning :
M1-6/R10, LIC
(Long Island City Special District)
M1-6 = 12.0 F.A.R.
R 10 = 12.0 F.A.R
No Height restriction
No Parking requirement
Up to 24,000 square feet buildable (approximate)
Maximum of 35 Residential Units can be constructed
(Commercial can be done on ground floor as an option)
**Little E designation on the property only for noise etc
(Certain windows & air conditioning systems need to used to qualify for Little E compliance)
**Please verify any zoning information with your architect
CHRISTOPHER W. PEPE
President/Lead Broker
+1 718 388-8600
chrispepe@ncpepecorp.com