27 days on rocket

41-41 24th St, Long Island City, NY, 11101

$7,502,000

0.06 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeUnimproved Land
ViewBridge(s), City, Park, Panoramic, Skyline, Other
MLS #3585759
Lot Size0.06 Acres
StatusActive
(A)

About 41-41 24th St

Shovel-ready development site for sale at 41-41 24th Street, Long Island City, offering a prime investment opportunity in one of NYC's fastest-growing neighborhoods. This 2,500 square foot lot comes with 25,009 gross buildable square feet and approved plans for a 13-story mid-rise elevator building. The plans include 24 one-bedroom units, each measuring 623 square feet, with two units per floor. The building will feature a ground-floor gym, a welcoming lobby, a basement for controls and mechanics, and a private rooftop lounge for residents. With a Floor Area Ratio (FAR) of 7.90 and M1-5/R9 zoning, this site allows for high-density residential development alongside light manufacturing or commercial uses. This makes it ideal for mixed-use projects that combine modern living spaces with office or retail components, catering to the area's evolving residential and business demands. Located in Long Island City, the property benefits from excellent transit access, with subway lines, shops, and cultural venues nearby. This development is poised to attract young professionals and businesses looking to capitalize on the vibrant, mixed-use environment that defines this thriving urban hub. A unique opportunity for developers seeking to contribute to the growth of Long Island City.

Property Details

Property Features

Listing Office:

  • Office Name: NY Space Finders Inc
  • Office Phone: (516) 801-6181

Exterior Features

Exterior Information:

  • View: Bridge(s), City, Park, Panoramic, Skyline, Other

Lot Features

Lot Information:

  • Lot: Cleared
  • Lot Size: 0.06 Acres

Other

Directions Information:

  • Directions: GPS: Queens Plaza North to 24th Street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $7,502,000
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Housing Market Comparison

See how this home compares to others in New York, NY.

Med. Sold Price

$856.1K

Med. Price/SqFt

$645

Avg. Days On Market

84

# of Sold Homes

1952

41-41 24th St vs New York

27 DAYS ON ROCKET

-57 Days

$7,502,000

+$6.6M More

KEY TAKEAWAY

This property is $6.6M more than the Median Sold Price in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ONEKEY
  • MLS Number: #3585759

Listing Office:

  • Office Name: NY Space Finders Inc
  • Office Phone: (516) 801-6181

IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDXThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.

Information Copyright 2024, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 11/13/2024, 10:56:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$37.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$22.5K

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-52393
7
/10
  • PS 384

  • 2735 Jackson Ave

  • 0.20 miles

  • Public District Grades KG-2

school-card-donut-52394
8
/10
  • P.S./I.S. 78Q The Robert F. Wagner, Jr. School

  • 4809 Center Blvd

  • 0.78 miles

  • Public District Grades PK-5

school-card-donut-52395
3
/10
  • P.S. 112 Dutch Kills School

  • 2505 37th Ave

  • 0.79 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $72,619. Typical income of New York, NY residents is between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 41-41 24th St

What is the listing price of this property?

The listing price of 41-41 24th St property is $7,502,000.

What type of property is this?

The property 41-41 24th St is land located in Long Island City, New York, 11101.

Is this property for sale now?

Active Listing: 41-41 24th St is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 41-41 24th St is 0.06 acres.
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Rocket HomesNew YorkQueens CountyNew York1110141-41 24th St

This home is located at 41-41 24th St in Long Island City, NY and zip code 11101 in the Northwestern Queens neighborhood. This home sits on a 0.06 acre lot. It has been listed on Rocket Homes since October 17, 2024 and is currently priced at $7,502,000.

In October 2024 more than 269 listings in New York, NY were sold above the asking price. During the same period more than 850 listings were sold at asking price, while more than 833 were sold below. Between September 2024 and October 2024, New York, NY real estate market has seen increase in the number of listings by 1.8%. Listings spent 84 days on the market in October 2024, and had a median list price of $856,124 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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