Zoning M1-2/R6A Commercial FAR 2 Next to Queens Plaza and Lexington Ave

CENTURY REALTYGROUP

STEVE ZHU’ S TEA M

37-24 33rd St., Queens, NY 11101 Total 64,572 Buildable SF Development Site For Sale In LIC 37-24 33rd St, Queens, NY 11101 FOR SALE

Asking price: $14,500,000

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Location: 37-24 33rd St, Queens, The subject property is a development site which has NY 11101 total 16,143 SF Lot with 64,572 buildable SF. It is zoned M1-2/R6A, which allows for Residential FAR 3, Block& Lot 00374-0033 Lot sqft 16,143 SF Community FAR 2. Lot dimensions 126.51 ft x 180 ft The property is situated nearby Center of Long Island City, Zoning M1-2/R6A Commercial FAR 2 next to Queens Plaza and Lexington Ave. It suits within West Residential FAR 3 of LIC Business zone and food zone, supermarkets, banks Facility FAR 4 and train/bus stations are easily accessible. Building SF 11,620 SF Buildable SF 48,429 SF The 36 Avenue Washington subway station –N/W, and Queens Plaza subway station-7/N/W, service all the time from Long Island City throughout to Manhattan, making this property one of the most great location in this area. CONTACT INFORMATION

STEVE ZHU Mobile 917-569-8850 Marcella Zhi Mobile 347-558-5918 WeChat Leizhu1980 Wechat Marcellaz17 [email protected] [email protected] www.zhu-associates.com

© 2017 Century, lnc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs Total 64,572 Buildable SF Development Site For Sale In LIC TAX LOT INFORMATION 37-24 33rd St, Queens, NY 11101

NEIGHBORHOOD INFO Total 64,572 Buildable SF Development Site For Sale In LIC TRANSPORTATION INFORMATION 37-24 33rd St, Queens, NY 11101

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37-24 3 3 RD S T R E E T Total 64,572 Buildable SF Development Property For Sale In Queens Zoing Study 37-24 33rd St, Queens, NY 11101

Lot Info 37-24 33rd Street L.I.C., New York 11101 Block: 374 Lot: 33 Zoning: M1-2/R6A Map: #9B Long Island City Mixed Usage District, Dutch Kills Sub-district Lot Size: 15,884 square feet 3 1 ST ST Use 3 1 The lot has a L-shaped configuration and is approximately 15,884 square feet and sits within a mixed usage district. The zoning for this area pairs a manufacturing & commercial district with a residential district. A mixture of uses within these two categories is allowed.

Bulk Restrictions The maximum floor area ratio (FAR) - which is a lot area multiplier - varies between manufacturing/commercial use and residential use. If the property is developed with only the permitted manufacturing or commercial uses the maximum FAR is 2.0. This means that any new building may be a maximum of 31,768 sf. Also, there are no lot coverage restrictions. In addition, in this Dutch Kills sub-district, the FAR may be increased to 4.0 if the additional space is used only for TV, movie, radio, or photography studios, and a few other specific uses. That means an extra 31,768 sf. (Clearly, the zoning regulations were written to encourage more of the same industry in this area.) If the property is developed for only residential use, the maximum FAR is 3.0, meaning a building with a maximum area of 47,652 sf. If the property is developed as a community facility the max FAR is also 3.0, but the lot coverage is limited to 60% on this through-block lot. In a building developed with a mixture of manufacturing and residential the maximum floor area for the entire structure is determined by whichever use has the greatest FAR. Also, the manufacturing use must be located below any residential use. Height & Setback Restrictions The maximum height for any building on this lot is dictated by the residential use requirements. In this R6A district, the base height at the street wall (the wall facing the street) must be between 40 and 60 feet high and the maximum overall height is 70 feet. These values increase to 65 feet for base height and 75 feet overall with certain uses and specific ground floor organizations. As for setbacks, this street is considered a “narrow street”, which requires a 15- foot setback above the allowed base height. For any residential portion of a building, there are some basic rear and side yard requirements, but only above the manufacturing or commercial portion.

Parking The off street accessory parking requirements are tricky and vary depending on the specific use(s). In this M1-2 district, the general rule is 1 parking spot for every 1,000 sf of floor area or 1 spot for every 3 employees. Also, parking in this sub- district is not typically considered in the floor area calculations.

Conclusion Based on my preliminary analysis the maximum sized building on this lot would be about 63,000 sf distributed over six stories with parking below. The building would (need to) have a mixture of residential and media studios. CENTURY REALTYGROUP STEVE ZHU’ S TEA M

Long Island City (General Introduction)

WELCOME TO LONG ISLAND CITY

Sleek high-rises, scenic public spaces, and East River views make Long Island City an equally modern (but much less hectic) answer to downtown Manhattan.

 THE NEIGHBORS  WHAT TO EXPECT A diverse crowd of residents with An energetic yet approachable roots extending throughout the neighborhood to live, work and play borough. in.

 THE LIFESTYLE  THE MARKET Well-balanced with a post-college Luxury high-rise co-ops and rentals at town vibe. Shopping stretches like prices comparable to walk-up Jackson Ave. And staples like building in Manhattan. MOMA PS1 and Socrates Sculpture Garden provide entertainment options for both indoors and out.

 YOU’LL FALL IN LOVE WITH Clean-lined architecture and serene public spaces that feel modern and sleek, but still charmingly under the radar.

LOCATED IN QUEENS, NYC

Commute Times  Columbus Circle 25m by train, 13m by car  Grand Central 20m by train, 14m by car  Union Square 30m by train, 19m by car  Wall Street 38m by train, 30m by car AROUND THE BLOCK

LONG ISLAND CITY: State of the art living with a classic view.

Long Island City was once a bustling, self-contained town in and of itself: iconic signs for Pepsi-Cola beverages and Swingline bakeries harken back to a time when LIC was best known for industrial commerce and production. Many of those brands have since departed, and their legacies have been replaced with new landmarks of an up-and-coming cultural scene that has steadily developed in recent years.and off- market properties.

THE NEIGHBORS: A diverse crowd of residents with roots extending throughout the borough. Today's Long Island City is an apt reflection of the cultural diversity of Queens as a whole. New Yorkers are attracted to Long Island City for many of the same reasons: a diverse art scene, affordable housing options, and a burgeoning entertainment scene with a little something for everyone. WHAT TO EXPECT: An energetic yet approachable neighborhood to live, work, and play in.

Long Island City continues to gentrify, but its decidedly industrial past keeps the pace feeling more welcome than rushed. Former warehouse buildings and rail yards have given way to modern public green spaces, shops, and local-loved corner parks.

In general, residents are on-the-go, and the growing number of laptop-friendly coffee and cocktail bars, public sports fields, and Manhattan-based dining outposts are a testament to this. THE LIFESTYLE: Well-balanced with a post-college town vibe. Shopping stretches like Jackson Avenue and staples like MoMA PS1 and Socrates Sculpture Garden provide diverse entertainment options.

The Long Island City lifestyle is all about getting "out and about" in your own backyard - taking advantage of a neighborhood that prides itself on a thriving independent business scene with a cosmopolitan edge. 5Pointz Aerosol Art Center was first opened in 1993 as a center to discourage random graffiti acts throughout the area, but today stands as an impressive public arts mecca. It has attracted aerosol artists from around the world to showcase their talents across a five-story factory building, soon to be the site of a graffiti art museum.

Come summer nights, art and music fans flock to the Museum of Modern Art's LIC outpost MoMA PS1 for the destination event series "Warm Up", held on its outdoor patio space. Meanwhile, the weekend market at the Long Island City Flea is a hub where local businesses from cocktail bars and global caterers to flower shops and furniture dealers put their samples on display.

Breathtaking concrete and color-splashed displays serve as a backdrop to a cultural event mix of summertime movies, dance performances, and waterfront concerts by the Metropolitan Opera. THE MARKET: Luxury high-rise co-ops and rentals at prices comparable to walk-up buildings in Manhattan.

The majority of Long Island City's rentals are recently constructed buildings with modern amenities ranging from doormen to rooftop dog runs and pools.

For more classic homes, look south to Hunters Point, a district bordered by 45th Avenue, 21st and 23rd Street. YOU'LL FALL IN LOVE WITH: Clean-lined architecture and serene public spaces that feel modern and sleek, but still charmingly under the radar.

Long Island City serves as a diverse enclave convenient for those looking for the sleek aesthetic of a luxury building outside of the city as well as a quick commute.

Even though LIC is fast-approaching "it" neighborhood status, the area still sports a down-to-earth feel that makes it a relaxing place to return home to. For More Information Please Contact:

917-569-8850 Steve Zhu [email protected]

CompanyAddress: 33-38 Farrington St, #2A, Flushing, NY 11354,USA