Development Site Long Island City
Investment Highlights
Long Island city dev site / covered land 5,500 SF building on a 4,400 SF lot with M1-2/R6A zoning. The property is leased on a NNN basis through October 2028 with 3% annual rent bumps, providing stable cash flow while allowing investors to capitalize on future redevelopment potential. 17,160 buildable square feet normal sale owner asking $4.6m negotiable ($268psft)
Location
📍 Long Island City
🔒 The exact address and location are confidential and are released only after you sign the NCNDA and the listing broker approves your request.
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Who finances deals like this
The lenders with the most recorded development site mortgages in Bronx since 2021, from public ACRIS filings.
- Pccp Lm Manager, LLC — 3 loans, typically $8.5M–$82.13M
- Broad X Funding Ii LLC — 3 loans, typically $650K–$6.4M
- New York Institute For Human Development, INC. — 3 loans, typically $600K–$6.3M
- Bxc 1677-79 Eastburn Funding LLC — 2 loans, typically $750K–$11.3M
- Community Access, INC. — 2 loans, typically $2.68M–$2.78M
Crezly connects borrowers and lenders. Crezly is not a loan broker, does not negotiate terms, and receives no compensation contingent on any loan closing.
Underwrite this deal
Pro-forma, debt sizing against real recorded NYC leverage, cash flow, IRR and a sensitivity grid. Free account — no card.
