Massey Knakal Retained Exclusively To Sell Development Site In Court Square
Massey Knakal Realty Services has been retained on an exclusive basis to sell a development site at 44-46 Purves Street. The property is located at the southwest end of Purves Street down the block from the Citigroup building in the Court Square section of Long Island City. It also has frontage on the northeast side of Thomson Avenue just steps from the entrance to the Queensboro Bridge. The asking price is $4,750,000.
The site contains an approximately 9,132 square foot industrial building on a 4,566 square foot lot. It has approximately 101 feet of frontage on Purves Street as well as 101 feet on Thomson Avenue. The site is part of the Queens Plaza Special Zoning District which gives the lot a zoning designation of M1-5/R9 with an FAR of 8.0, which allows for a total of approximately 36,528 buildable square feet.
This site, nestled between Court Square and Queens Plaza in the heart of Long Island City, poses an excellent opportunity for a commercial, residential, or mixed-use development. It is surrounded by recently completed and new developments in progress, such as the Arris Lofts, Linc LIC, The Industry, and Rockrose’s expansion of the newly acquired 43-22 Queens Street. Its close proximity to seven subway lines and nearby access to both the Queensboro Bridge and Midtown Tunnel provide a number of transportation options.
For more information on this listing, contact Massey Knakal Director of Sales Evan J. Daniel 718.275.3400.
Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,500 transactions having a market value in excess of $17 billion.