21-48 44th Drive, Long Island City, NY 11101

This property features a midblock lot spanning 2,500 square feet, located in  the highly desirable Long Island City neighborhood. Measuring 25 feet by 100  feet, this site offers excellent potential for development in a prime location.  Zoned M1-4/R7A, the property allows for the construction of a market-rate  residential building up to 10,000 square feet.    Additionally, under the recently  passed Universal Affordability Preference, the development potential  increases to approximately 12,525 square feet, making it an exceptional  opportunity for affordable housing projects.    Currently, the site hosts a 2,500-square-foot commercial/warehouse  building occupied by month-to-month tenants, providing potential short-  term income while planning for re-development. This property offers a unique  opportunity to capitalize on Long Island City's thriving market and favorable  zoning regulations