What is the asking price for 38-20 27th St?

Please use the contact form to get in touch with a broker and find out more about renting space here.

What is the total size of 38-20 27th St?

The total area of 38-20 27th St is 0.08 Acres.

How many parking spaces are available at 38-20 27th St?

Parking information for the property isn't currently listed. However, other nearby parking options include Municipal Parking, located 0.70 miles away , and LaGuardia Community College Parking Lot, which is 0.75 miles away.

38-20 27th St, Long Island City, NY 11101

For Sale Contact for pricing
Property Type Land
Property Size 2,200 SF
Lot Size 0.08 Acre
Year Built 1925
Date Updated Apr 13, 2026

Description

Prime Development Opportunity in Long Island City’s Dutch Kills District

Marcus & Millichap is pleased to exclusively present 38-20 27th Street, a premier development site situated in the heart of one of New York City’s most dynamic neighborhoods. Located within the high-density Dutch Kills special sub-district, this property represents a rare chance to capitalize on the explosive growth of Long Island City (LIC).

Significant Development Potential: Benefit from M1-2/R5B, LIC zoning, allowing for a Floor Area Ratio (FAR) of up to 3.0.
Scale: Deliver a project of up to 10,791 gross buildable square feet as-of-right.
Versatile Usage: Perfect for high-demand multifamily residential, or specialized commercial ventures including motion picture studios, radio/TV stations, and photographic production facilities.
Unbeatable Connectivity: Located within walking distance of three major transit hubs—Queensboro Plaza, Queens Plaza, and 21st Street-Queensbridge.
Rapid Transit Access: Seamlessly connect to Manhattan and Brooklyn via the F, N, W, E, M, R, and 7 subway lines.

The Location: A Rising Market

38-20 27th Street offers investors and developers a strategic foothold in the rapidly evolving LIC landscape. As the area continues to see record-breaking demand in both the luxury condominium and rental sectors, this site provides the ideal canvas for a high-yield project. Condo sales avergage $1,250 to $1,500 per square foot.

Whether you are looking to build a boutique residential masterpiece or a cutting-edge creative studio, this property places you at the center of Queens’ most exciting growth corridor.