45-10 Vernon Boulevard

BKREA has been exclusively retained to arrange the sale of 45-10 Vernon Boulevard (the “Site”), a premier waterfront development opportunity in Long Island City, Queens, featuring approximately 190 feet of frontage along Anable Basin and sweeping, unobstructed views of the Manhattan skyline. The development site comprises approximately 51,720 square feet of land with prominent frontage on Vernon Boulevard and 45th Avenue. The Site offers substantial as-of-right development potential, with a zoning floor area (ZFA) of 466,514 square feet under current zoning. This allows for a significant mixed-use project, with the flexibility to incorporate luxury residential, affordable housing, and commercial components. The Site is in an Opportunity Zone, bringing substantial tax incentives. Situated within LIC’s rapidly evolving waterfront district, the Site directly benefits from active rezoning initiatives and robust demand drivers. With prime access to multiple transit options, including the E, M, 7, G, and N/W subway lines, the location provides seamless connectivity to Manhattan, Brooklyn, and the greater NYC metro area. The property is further enhanced by its inclusion in a Waterfront Access Plan, requiring the provision of open space and recreation areas along the waterfront—adding value, appeal, and long-term desirability for future residents and investors. Neighborhood amenities, parks, and ongoing public and private investment ensure strong market fundamentals and enduring growth prospects. This is a rare chance to acquire a large-scale, waterfront development site in the core of one of New York City’s most dynamic neighborhoods. The site is poised to play a pivotal role in the community’s continued growth. As part of the transaction, the developer will contribute 15,000 square feet on the ground and second floors, of community facility space—delivered as a grey shell, with specified utility requirements—to an established local non-profit organization.