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July 31, 2020 Comments Off on CBRE Lists LIC Development Site in O-Zone Views: 873 New York News, Outer Boroughs New York

CBRE Lists LIC Development Site in O-Zone

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CBRE has been retained to sell 25-01 Queens Plaza North, a transit-oriented development site in Long Island City’s CBD. The property contains 243,736 zonable square feet within a Qualified Opportunity Zone.
CBRE’s Daniel Kaplan and Elli Klapper are leading sales and marketing efforts for the property.
“25-01 Queens Plaza North provides a unique development opportunity in the center of one of the nation’s fastest-growing neighborhoods with a limited supply of new development sites,” said Kaplan. “The property’s flexible zoning profile allows for the potential to construct a variety of different uses, including office, residential and life sciences.” 
The site is surrounded by numerous institutionally developed office and residential towers in LIC. It’s connected to the Queensboro Plaza station via pedestrian bridge, providing direct access to the 7, N and Q trains and short commutes to Grand Central Terminal and Hudson Yards.

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