Overview
BKREA has been retained on an exclusive basis to arrange for the sale of 33-35 11th Street (“The Site”), a prominent corner development opportunity in the heart of Long Island City, Queens. The Site spans from 11th to 12th Street with 184.56 feet along 33rd Road, totaling over 800 feet of street frontage. Its rare through-lot layout with three-sided exposure offers outstanding flexibility for mixed-use development.
The 57,318 SF zoning lot—formed by the merger of Lots 15 and 22—is located within the M1-5/R6A zoning district. Zoning permits residential, commercial, community facility, and light manufacturing uses. The Site lies within a Mandatory Inclusionary Housing (MIH) area, a lowing for increased density with affordable housing.
By utilizing the Fresh Food Bonus, which this Site is eligible for, the Site supports a total ZFA of approximately 306,212 SF, reflecting a 5.34 FAR. This offers substantial development potential across a range of asset types
Investment Highlights
- Frontage on Three Sides - Corner through-lot spanning over 800 feet of frontage across 11th Street, 12th Street, and 33rd Road, offering maximum design flexibility.
- Water & City Views - Western-facing units will capture views of the East River and Manhattan skyline—an exceptional value driver in the neighborhood.
- Fresh Bonus Eligible - Eligible for the Fresh Food Store Bonus, unlocking additional residential floor area and enhancing retail value.
- Advantageous Accessibility - Excellent transportation access via the F, 7, E, M, G, and N/W subway lines, NYC Ferry service, and the Queensboro Bridge pedestrian and bike path.