Luxurious Mixed-Use 421-a & ICIP New Construction Building
$12,900,000
37-34 29th Street, Queens, NY 11101
For Sale
Mixed Use
Active
Last Updated: 10/29/2025
29,269 sqft
Building Size
7,355 sqft
Lot Area
Details:
Building Size: 29,269 sqft
Lot Area: 7,355 sqft
Units: 26
Floors: 6
Highlights:
- Six-story new construction elevator building
- 25 residential units comprising of six (6) studios, fifteen (15) one-bedrooms, and four (4) two-bedrooms
- 421A tax benefits expires beginning June 2027
- Units transition to Free Market Residential Status upon expiration of tax abatement
- Additional tax savings through the Industrial & Commercial Incentive Program (ICIP) with another 11 years of benefit expiring 2036
- Optionality through a path to condominium conversion
- Growing area with numerous new developments
- Short distance to the N, W, M & R trains with easy access to Queens, Manhattan and Brooklyn
Documents:
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Location
Gallery
