38-20 27th St, Queens, NY 11101

• Significant Development Potential: Benefit from M1-2/R5B, LIC zoning, allowing for a Floor Area Ratio (FAR) of up to 3.0.
• Scale: Deliver a project of up to 10,791 gross buildable square feet as-of-right.
• Versatile Usage: Perfect for high-demand multifamily residential, or specialized commercial ventures including motion picture studios, radio/TV stations, and photographic production facilities.
• Unbeatable Connectivity: Located within walking distance of three major transit hubs—Queensboro Plaza, Queens Plaza, and 21st Street-Queensbridge.
• Rapid Transit Access: Seamlessly connect to Manhattan and Brooklyn via the F, N, W, E, M, R, and 7 subway lines.

The Location: A Rising Market

38-20 27th Street offers investors and developers a strategic foothold in the rapidly evolving LIC landscape. As the area continues to see record-breaking demand in both the luxury condominium and rental sectors, this site provides the ideal canvas for a high-yield project. Condo sales avergage $1,250 to $1,500 per square foot.

Whether you are looking to build a boutique residential masterpiece or a cutting-edge creative studio, this property places you at the center of Queens’ most exciting growth corridor.

Secure your stake in the future of Long Island City. Contact Marcus & Millichap today for full offering details.