Address: 45-24 Vernon Blvd, Long Island City, NY 11101, USA
- Irreplaceable Waterfront Positioning
- As-of-Right — No Rezoning Risk
- Exceptional Site Scale & Visibility
- Explosive LIC Population & Growth
- Market in Structural Imbalance
- Unmatched Transit Connectivity
- $1.97B Public Sector Catalyst Already Committed
- High-Income, Ownership-Ready Demand Base
Property Description
Avison Young, as exclusive agent, is pleased to present the opportunity to acquire 45-10 & 45-24 Vernon Boulevard (the “Site”), a premier waterfront development assemblage positioned at the intersection of Anable Basin and Vernon Boulevard in Long Island City, Queens, the epicenter of New York City’s most consequential neighborhood rezoning in over two decades.
The Site comprises two contiguous tax lots totaling 51,720 square feet of land with exceptional tri-frontage exposure: 190 feet of direct Anable Basin waterfront, 285 feet along Vernon Boulevard, and 75 feet along 45th Avenue. Under the newly enacted OneLIC M1-6A/R9 (MIH) the Site allows for 466,515 ZSF of as-ofright development density. Under OneLIC rezoning MIH option one is required, which would result in approximately 116,629 ZFA of MIH.