Queens, NY The CBRE team of Richard Karson, Joshua Kleinberg and Elli Klapper has been appointed the exclusive agent for a 90-year net lease/joint venture opportunity in Long Island City at 9-03 44th Rd. The well-located land parcel boasts water views and is ideally zoned for M1-4 redevelopment, ideal for the creation of up to 275,000 s/f of mixed-use facilities including a combination of commercial, school, community, entertainment and medical/hospital.
“Over the past few years, Long Island City has undergone a major transformation and is today one of the hottest residential neighborhoods in the city,” said Kleinberg. “However, due to the conversion of a significant amount of the existing commercial properties to residential use, there are very few opportunities for commercial development the caliber and quality of 9-03 44th Rd.”
Karson said, “We are excited to be marketing such a unique land parcel for a net lease or joint venture development opportunity.”