BANKRUPTCY SALE/ AUCTION- 2 Story Warehouse / LIC Development Site

Market Price

38-24 32nd Street, Queens, NY 11101

For Sale

Development Industrial

Active

Last Updated: 12/19/2023

Details:

Development Type: Multifamily

Building Size: 8,400 sqft

Lot Area: 7,007 sqft

Zoning: M1-3/R7X

Buildable Area: 34,200 sqft

Investment Strategy: Opportunistic

Offered by Broker

Dana Schneider

Real Estate Broker

Dreamspace Realty

#49SC1103050

Request Info to Unlock

Highlights:

Mixed-use Development: 25,650 Residential SF | 8,550 Commercial SF
8,400 SF two-story existing warehouse
Free market residential FAR 3.75 or Inclusionary Housing FAR of 5.0
Located in a Qualified Opportunity Zone
One block from N, W trains at 39th Ave – Dutch Kills stop

Description:

Property in Bankruptcy Set for Auction . Please see outline of key dates along with investment highlights below.
.
1-4-24 Deadline to submit bids

1-5-24 at 5:00 pm Deadline to send bidders our conclusions as to their qualifications to bid

1-8-24 at noon Auction Sale

1-9-24 at 5:00 pm Deadline to object to Sale

1-10-24 at 11:00 am HEARING TO APPROVE SALE