Participate with a family-owned private equity firm that has been exclusively retained to market for sale a development site in immediate proximity from LaGuardia Airport. The property consists of two contiguous lots, one of which is currently improved by a by a 10-story hotel from one of the world’s top brands and a three-story parking structure. Combined the lots have a total area of 199,010 and sit in C4-2 zoning.
An ideal project for a NY-based developer who wants to acquire land entitled to build over 500,000 ft.² of Housing, Retail, and Parking. The developer will be building one of the first major developments in the area, and reshape the neighborhood for years to come.
|Lot A||Lot B|
|Size||140,492 Sq Ft (Irregular)||58,518 Sq Ft (Irregular)|
|Building Size: 236 ft x 175 ft|
|Gross Square Footage: 227,622 SF|
|Total Buildable SF Residential: 483,594 SF Approx.|
|Total Buildable Community Facility: 955,248 SF Approx.|
|Existing Structure: 227,622 SF Approx.|
|Available Air Rights: 727,626 SF Approx.|
|Lot A: $34,624,853|
|Lot B: $2,351,916|